Since inception, there have been 1,338 interns working for 237 firms. This system is all the time over-subscribed—whether or not OCAST runs one cycle or 4. The typical award fee is 50%, with a return to the state since inception that exceeds $150 million, with 94% of the scholar interns remaining employed in Oklahoma following their internship.
After which there may be the “tender” profit to Oklahoma households. “When firms in Oklahoma construct the type of jobs that entice our gifted graduates,” Carolina mentioned, “mother and father and grandparents don’t should journey to see their grandkids and great-grands in Phoenix, Denver, Austin, or some place else.”
So right here is the query: With the double-digit return on funding from the Intern Partnership Program and with greater than 90% of those gifted interns stay employed in Oklahoma after their internships, isn’t it simply frequent sense to extend the variety of interns in 2021 and past?
Like firms, states are recognized by the folks they hold.
Scott Meacham is president and CEO of i2E Inc., a nonprofit company that mentors most of the state’s technology-based startup firms. i2E receives state assist from the Oklahoma Heart for the Development of Science and Expertise and is an integral a part of Oklahoma’s Innovation Mannequin. Contact Meacham at i2E_Comments@i2E.org.