SME Internship Fund

Step one: Project Registration

To apply to the scheme, all interested businesses must complete a Project Registration Form. Submitted forms will be reviewed by a selection panel against the scheme criteria and available funding will be allocated on a rolling basis until Friday 27 June 2025. Should the full amount of funding be allocated prior to this date, the scheme will close early. 

Step two: Project Scoping

If selected for funding, we will support you to fully scope the project and outline the skills and experience required for the role. You will have sign-off on the final job description before advertising. 

Step three: Advertising

Once the job description is confirmed, the opportunity will be advertised by the Careers Service via our online jobs platform JobsLive for a minimum of two weeks. The Placement and Internship Unit will monitor applications throughout this period and publicise the internship to eligible students and graduates through various marketing channels. 

Step four: Shortlisting 

When advertising is complete, The Placement and Internship Unit will shortlist the applications and provide you with the applications of the most suitable candidates based on the criteria outlined in the job description. If you'd prefer to review all applicants yourself, you can make this known in your Project Registration Form. 

Step five: Interviews

Once you’ve reviewed the applications, you will be able to contact the candidates to arrange interviews at your convenience. Please advise the Placement and Internship Unit of your recruitment decision and directly provide feedback to the unsuccessful interviewees.

Step six: Funding Agreements

Once you have confirmed with the student their start date, hours/days of work and total salary, the Placement and Internship Unit will send a Funding Agreement to the SME host detailing the terms of the fund. Please note; this is not an employment contract. Full details of the internship should be confirmed between the intern and the company in a separate agreement provided by the company. 

Step seven: Invoicing

The host SME will pay the intern their salary directly through the company. The SME Internship Fund contribution will be sent via invoice before the end of July 2025 (full instructions on this process will be shared with successful project hosts).

Hosting an intern through the SME Internship Fund offers businesses a unique opportunity to access top talent, drive innovation, and build valuable connections with Imperial College London. Whether you’re looking for fresh insights, additional project support, or a pipeline for future hires, participating in the Fund delivers a range of benefits:

• Access high-calibre STEM talent from Imperial College London.
• Gain fresh perspectives and innovative ideas from students.
• Utilise cost-effective, short-term project support with a financial subsidy.
• Build a strong talent pipeline and assess potential future hires.
• Support diversity and corporate social responsibility initiatives.
• Benefit from full recruitment and administrative support from Imperial Careers Service.
• Leverage student insights to refine graduate attraction strategies.
• Enhance visibility and foster strong collaborations.

In order to be eligible, your organisation must be:

• Registered and based in the UK
• SME (250 employees or less)
• Annual turnover of less than £1 million

If you are a member business or charity based in Scale Space or I-HUB on the White City campus, please visit the Imperial College London White City Internship Fund page for alternative support. 

In order to be eligible, the project must be:

• A minimum of eight weeks in duration
• A minimum of 15 hours per week
• Delivered outside of Imperial Academic Term dates
• Paid London Living Wage (£13.85 per hour)
• Offered to an Imperial student or graduate
• Suitable for STEM disciplines
• Able to provide challenging graduate-level experience to penultimate years, finalists or recent graduates of Imperial College London.