Most startups are short on cash and human resources. Usually, we have more projects on our Wish lists then people to execute them. Is it worth it to hire an engineering student for only 16 wks to complete one of your projects? Sarah Antonakos from NSERC dropped by Bootup last Monday to answer our questions and go over the NSERC Industrial Scholarship & Fellowship Programs in more detail:
1. Undergraduate Program: Industrial Undergraduate Student Research Award (I-USRA)
- 12-16 week FT placement program
- For Undergraduate students studying Natural Sciences or Engineering
- Students must have a minimum of a B average and be a Canadian Citizen or Permanent Resident
- Co-op students are eligible
- NSERC will pay $4500 for a 16 wk placement and Organizations must contribute a minimum of $1125 on top of that (the top-up salary is negotiated by the Organization and the student)
- Students can hold up to 3 awards throughout their undergraduate career
- Each organization can hire up to 15 students per year (April 1-March 31st)
- Application reviewed in-house by NSERC
- Program Officer: Claire Saumure – firstname.lastname@example.org
2. Post-Graduate Program: Industrial Post Graduate Scholarship (IPS)
- Students must be a Canadian citizen or permanent resident of Canada; applications will also be accepted from qualified foreign candidates and had a first-class academic standing (a grade of “A-“) for the last two years of study
- Students must spend a minimum of 20 percent of their time (at least 50 days per year) at the sponsoring organization on activities related to their thesis project
- IP Agreement applies to this program, which can be the biggest barrier and delay process. Note: It usually works out for the best interest of both parties.
- NSERC will pay up to $15,000 per year for a full-time Award and Organization must contribute a minimum of $6000.
- Application reviewed in-house by NSERC
- Program Officer: Klara Konya – email@example.com
3. Post Doctoral Program: Industrial R & D Fellowship (IRDF)
- It’s a 2 year program.
- Candidates must be a Canadian citizen or permanent resident of Canada at the time of their nomination
- Must have received a Ph.D within the last 5 years and cannot have worked in the Industry for more than 6 months.
- NSERC will contribute $30,000 per year/$60,000 total to the salary and Organization must contribute a minimum of $10,000 per year for a 2 year program (the top-up salary and fringe benefits are negotiated by the Organization and the post-doc)
- The average salary in 2008 was approx. $55,500.
- Organizations should offer comparable salary for a similar position not eligible for the Award.
- Reviewed by Federal Government Employees, not in-house.
- Program Officer: Sarah Antonakos – firstname.lastname@example.org
Before a company can apply for an award, they should complete Form 183B – Application for Organization Eligibility. You must be approved before you hold any awards and once approved, eligibility is valid for 6 years. Organizations can apply for several awards during that time. It takes 6-8wks on average to be approved but it can be even faster than that. Just make sure your application is complete before submitting.
Award evaluation times vary, from 4 weeks for the undergraduate award to 8 weeks for the post-doc, so make sure you submit your application enough in advance of when you want the student to start. When you are applying for an award, fill out the appropriate Award Forms and include a copy of your latest Balance Sheet. NSERC wants to make sure that you are financially viable and can support the student for the life of the Award.
Students cannot work from home. You must have an office or research facility.
If you are not sure whether these awards are right for you or worth the time, send an email to the NSERC program officer to find out if your project and organization would be a good fit! You can also contact Vancouver’s Regional Officer, Megan Griffith – email@example.com
If you are a startup, who has experience applying for and receiving NSERC awards, we would love to hear your thoughts. Was the investment of time filling out the application and working with the student (s) worth it?