Intern Partnerships compete for OCAST awards totaling $216,356
July 2, 2013
Four Intern Partnership applications have been approved by the governing board for the Oklahoma Center for the Advancement of Science and Technology. Total funding for the four projects is $216,356.
Three private firms, a life science investment fund and two research universities are key cooperators in the four winning applications. Internships are awarded for two years and the current round of awards represent computer software, subassemblies and components and biotechnology.
Interns are college students or college faculty who have focused on technology subjects, often in hard-to-find areas, and who agree to work with a technology-based company for up to two years. Interns in one of the winning applications are business students. OCAST pays one-half of the cost of an undergraduate internship in a research and development or business setting.
Program goals include developing collaborations among business owners, university professors and undergraduate student. Some of the students become full-time employees on completion of their internships.
Recent program awards follow:
- NextThought is a technology company that designs education software to improve learning outcomes. Principal investigator Jeff Muehring is working with the University of Oklahoma’s School of Computer Science to develop programs that require students to work together. The organization has a history of success. RiskMetrics Group, co-founded by the CEO of NextThought, created 150 technology jobs in Oklahoma and sold for $1.55 billion in 2010. Award $50,356
Subassemblies and Components
- Enviro Systems Inc., working with principal investigator Surendra Singh of the University of Tulsa, will supervise interns in the design and development of bend inspection fixtures, processcontrol, radio frequency and electromagnetic compatibility testing for certification and qualification of aviation products. Award $60,000
- William Paiva and his Oklahoma Life Science Fund II will supervise the work of two interns in two areas: (a) the day-to-day management of a venture capital fund including new investment due diligence and valuation, fund investor communication and financial reporting and (b) in the technical, financial, operational and executive management aspects of the eight portfolio companies in which the OLSF fund has invested. Award $46,000
- Charlesson LLC and principal investigator Rafal Farjo will work with Assistant Professor Eric Phelps to develop new training resources that can be used in undergraduate educational programs. The effort will be made under the theory that many faculty members need additional exposure to industry-based biotechnology research so they may prepare their students adequately for future careers in the field. Award $60,000