The Shattuck Family Internship Program for Entrepreneurship Innovation and Social Change was created to prepare UMBC students for the rigors and rewards of entrepreneurship and social innovation. This program, permanently endowed through a generous contribution from the Shattuck Family Foundation, places highly-motivated students from diverse backgrounds in rigorous, mentored internships. The program will better prepare a select cadre of UMBC students to launch for-profit ventures. Other students will get training and experiences to empower them to become the next generation of social entrepreneurs–working largely in the not-for-profit world, developing and delivering innovative solutions to some of our region’s most urgent social problems.
Each year, up to 20 undergraduate students from diverse backgrounds will be placed in mentored internships during the fall, spring, and/or summer semester each year. Half will be placed in non-profit/community-based organizations and half in start-up companies located in the Baltimore/Washington area. The internships will last one semester (15 weeks) and students will work, on average, 10 to 15 hours per week or a total of 120 hours per semester. The students will receive a stipend of $1,000 toward their compensation. In addition to the internship, students will engage in projects and activities that further expose them to the entrepreneurial mindset.
The Shattuck Family Entrepreneurial Scholars/Fellows program will make awards up to $5,000 to Shattuck Interns who have successfully completed their placements in companies or non-profit/community-based organizations, and have demonstrated particularly strong proclivity to become entrepreneurs or agents of social change. The awards will be used as academic scholarships, or as “seed funding” to launch new ventures or a community-based social entrepreneurship projects.