Resources to Venture Further

Whether you’re looking for non-dilutive financial support, mentorship, networking or opportunities to gain more real-world experience, you’ll find it here. Kellogg maintains a rich portfolio of internships, fellowships and awards to propel you and your venture forward.

Kellogg students and, in some cases, alumni are eligible to apply for the following opportunities.

Social Impact

Learn more about internships and funding for Social Impact

Internships and Internship Stipends

Gain real-world experience working within a startup, scaling company or on a corporate innovation team while completing your Kellogg MBA.

Application deadlines, questions and requirements may vary by program.

Entrepreneurship

Kellogg Entrepreneurship Internship Program (KEIP) Stipend

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Summer internships with startups provide students the opportunity to ‘test’ entrepreneurship or gain the relevant experience to launch their own company. In order to make these internships financially viable, KEIP provides a limited number of matching stipends of up to $5,000 to supplement entrepreneurial salaries.

While KEIP internships may span a variety of industries and functions, the host company must meet the following criteria:

  • Have 150 or fewer employees
  • Have annual revenues of $50 million or less
  • Defined a project that addresses a high-priority company goal
  • Be willing to have the intern work directly for senior management

Alternatively, a VC firm in a startup phase or a VC portfolio company will qualify as a host company.

Decisions to provide a matching stipend are based upon the involvement of the student in entrepreneurship, the relevance of the summer internship to long-term career goals and the overall demand for support. Stipends are restricted to Kellogg students in the summer between their first and second years at Kellogg. In order to be eligible, students must demonstrate interest and experience in entrepreneurship including completion of entrepreneurship coursework and participation in eClub or PEVC Club. Matching internship stipends of up to $5,000 will be provided for a max of $10,000 in total compensation (i.e. employer + Kellogg stipend cap).


LEAP Innovations Summer Stipend and Working Space Award

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The LEAP Innovations Summer Stipend and Working Space Award is designed to help launch or support an education-technology startup.


Funding for Summer Opportunities with Social Impact

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Students pursuing a summer internship are eligible for a stipend of up to $5,000*; for paid internships, total compensation cannot exceed $14,000. Students pursuing their own ventures are eligible for a stipend of up to $5,000, to be used at their discretion, and an award of up to $5,000 to be used to cover documented business expenses.

*Compensation of $5,000 per student represents the baseline for Chicago; up to $7,000 with cost of living adjustments; if the internship is paid, total compensation cannot exceed $14,000.

Growth & Scaling

Growth & Scaling Internships and Stipends

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Internships

Do you hope to take one of the many paths to entrepreneurship through acquisition? Are you interested in owning or running your own mid-sized company? Would you like to work with a private equity firm to provide specific industry and operating expertise that they need in order to generate above-market returns? There are opportunities for MBA students across a spectrum of career paths to make meaningful contributions to growing middle market companies.

Growth & Scaling internship opportunities will be available via the Career Management System. You can access these yourself by following the link provided.

Stipends
While Growth & Scaling internships that will be eligible for a stipend may span a variety of industries and functions, the host company must meet the following criteria:
  • Have annual revenues of at least $3 million
  • Be willing to have the intern work directly for senior management

Decisions to provide a matching stipend are based upon the involvement of the student in entrepreneurship and/or private equity at Kellogg, the relevance of the summer internship to long-term career goals and the overall demand for support. Stipends are restricted to Kellogg students in the summer between their first and second years. In order to be eligible, students must demonstrate interest and experience in entrepreneurship including completion of entrepreneurship and/or private equity coursework. Matching internship stipends of up to $5,000 will be provided.


Center for Family Enterprise Summer Internship Cohort Program

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For students interested in growing and scaling a family business, Kellogg offers opportunities to complete a summer internship working within a student’s family business, with another family business or within a family foundation or nonprofit. The Family Enterprise Summer Internship Cohort Program is for first-year students considering entering or re-entering their family enterprise upon graduating from Kellogg.

Under the guidance of a Family Enterprise professor, students design an 8- to 10-week summer internship within their family business, or another family enterprise. Following completion of the internship, students work with the professor to evaluate their experience. Students are required to meet with their faculty advisors throughout the end of the spring quarter, as well as present and finalize the internship with their family business leaders. Throughout the summer, students will speak with their faculty advisors three times to discuss progress and challenges. Interns are required to present their internship experience to the members of the Family Enterprise Club in the fall quarter.

Students are accepted into the Family Enterprise Summer Internship Cohort Program on a rolling basis. Applications are accepted until June 1.

Corporate Innovation

Corporate Innovation Internships

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Corporations understand the importance innovation plays to keep a company relevant and competitive. Corporations are seeking younger and entrepreneurial-trained recruits to infuse new ideas into their corporate teams. Kellogg is at the forefront of training and placing students in corporate innovation labs. Apply now to be placed within a corporate innovation summer internship. Additional corporate innovation internship opportunities may also be available via the Career Management Center.

Fellowships

Entrepreneurship

Zell Fellows Program, New Venture and Healthcare Tracks

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Introduced during the 2013-14 academic year and funded by Sam Zell, the Zell Fellows Program at Kellogg is designed to be a unique, applied entrepreneurial experience for a select number of MBA candidates with a passion for new venture creation. The program combines resources, mentoring, experiences and a community to provide an aspiring entrepreneur with the tools and resources needed to develop, launch and grow a successful venture upon graduation. Zell Fellows are known not just for their intellect, drive and entrepreneurial passion, but also for their humility, collegiality and desire to support others aspiring to create new ventures with lasting value.

Originally consisting of only the New Venture track, in 2016 the Healthcare track was added. Students starting healthcare ventures face special challenges that are materially different than students in the other tracks of the program, including regulatory and FDA issues, advanced R&D, intellectual property, strategic partnerships, licensing and more.


Youn Impact Scholars

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This elite group of Kellogg students and alumni is positively changing the world through the application of business practices. Youn Impact Scholars are highly regarded in all sectors for their intellect, passion and drive, but most importantly for their willingness to help and support others. They are launching new enterprises, influencing policy decisions and leveraging the private sector for positive social change.


Pritzker Group Venture Fellows Program

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Sponsored by the Pritzker Group Venture Capital, the Pritzker Group Venture Fellows Program is designed to help launch Chicago’s next successful startups. Kellogg students are encouraged to apply to become a fellow in the spring quarter. One or two teams will be chosen to participate in this summer fellowship program, and will receive a monetary prize to help cover the cost of rent, as well as living and business expenses while launching their startup.

Growth & Scaling

Zell Fellows Program, Acquisition & Ownership Track

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The Zell Fellows Program is designed to be a unique, applied entrepreneurial experience for a select number of Kellogg MBA students. The program combines resources, mentoring, experiences and community to support student-entrepreneurs. The Acquisition & Ownership track is designed for students wanting to prepare for acquiring a company sometime in the future. Students interested in this track may be interested in the search fund model, working as an entrepreneur in residence at a PE firm, becoming involved in their family business or another of the many paths to owning a company.

Funding

Entrepreneurship

Zell Entrepreneurship Fellows Program

More information

Introduced during the 2013-14 academic year and funded by Sam Zell, the Zell Fellows Program at Kellogg is designed to be a unique, applied entrepreneurial experience for a select number of MBA candidates with a passion for new venture creation. The program combines resources, mentoring, experiences and a community to provide an aspiring entrepreneur with the tools and resources needed to develop, launch and grow a successful venture upon graduation. Zell Fellows are known not just for their intellect, drive and entrepreneurial passion, but also for their humility, collegiality and desire to support others aspiring to create new ventures with lasting value.

Originally consisting of only the New Venture track, in 2016 the Healthcare track was added. Students starting healthcare ventures face special challenges that are materially different than students in the other tracks of the program, including regulatory and FDA issues, advanced R&D, intellectual property, strategic partnerships, licensing and more.


Summer Startup Award

The Summer Startup Award is intended for students who have business concepts that have been tested to determine that there is a compelling product-market fit. Students committed to working full time on their own ventures over the summer in lieu of another internship are eligible for this award. Students may request up to $7,000 in funding though final decisions will depend on the quality and quantity of the applications received and determined by the committee.

Awards are restricted to Kellogg students in the summer between their first and second years. In order to be eligible, students must demonstrate involvement with entrepreneurship at Kellogg and significant traction with their venture, be committed to working on their venture over the summer and have a written recommendation by a Northwestern University faculty member.

Students who are eligible for Social Impact funding will be precluded from receiving the Startup Award.


Levy Institute Business Plan Competition Reimbursement

Levy Institute Business Pitch Competition Reimbursement helps cover travel expenses. The Levy Institute will reimburse Kellogg students for pre-approved travel expenses related to business pitch competitions. The maximum reimbursement amount per person will be determined by the geographic region of the competition and available funding. In order to be eligible for reimbursement, a student must request approval from KIEI, and schedule coaching from a KIEI faculty member at least two weeks in advance of the competition. Students will be required to write a brief report about their participation in the competition before their reimbursement will be processed.

Email kiei@kellogg.northwestern.edu with questions, or to request approval to apply for a limited application competition, or if you have moved to the second stage of an open competition.


Funding for Projects with Impact

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Financial support is available for students aspiring to have a positive impact across industry sectors and functional areas. Some students may choose to form a new venture while others may identify a specific intrapreneurial project they believe will have a significant and sustainable impact. Stipends are available to support piloting and prototyping, executive shadowing, field and market research. They are also available to provide for business plan competition expenses affiliated with social entrepreneurship, impact investing and corporate social innovation.


Kellogg Social Entrepreneurship Award

The Kellogg Social Entrepreneurship Award is intended for students with an idea for a sustainable solution to one of today’s most pressing social challenges.

Growth & Scaling

Zell Fellows Program, Acquisition & Ownership Track

More information

The Zell Fellows Program is designed to be a unique, applied entrepreneurial experience for a select number of Kellogg MBA students. The program combines resources, mentoring, experiences and community to support student-entrepreneurs. The Acquisition & Ownership track is designed for students wanting to prepare for acquiring a company sometime in the future. Students interested in this track may be interested in the search fund model, working as an entrepreneur in residence at a PE firm, becoming involved in their family business or another of the many paths to owning a company.

Networking

Kellogg Entrepreneurs Organization

The Kellogg Entrepreneurs Organization is a community of students building new ventures at Kellogg. KEO selects a group of 20-25 high-performing entrepreneurs. The organization provides a support network for Kellogg students building businesses to help them through the critical stages of launching and building their ventures. Member PODS meet weekly and provide an opportunity for students to deep dive into their businesses with a diverse set of entrepreneurs and develop a tight knit community during and after Kellogg. Mentors, including top entrepreneurs, professors, and investors, provide group and personalized feedback to help students strengthen their businesses and make critical decisions. KEO aims to inspire growth, and enable students to build sustainable start-ups through a life-long community.

KIN Global

The Kellogg Innovation Network is a platform for ongoing collaboration between the Kellogg School faculty and corporate innovation leaders, nonprofits and the government. Founded in 2003, KIN facilitates strategy and management dialogue to promote innovation-led growth and build long-term value.

Entrepreneur in Residence Program

The Entrepreneur in Residence Program provides students interested in entrepreneurship with the opportunity to receive guidance from and network with entrepreneurs, investors, and other industry experts. Students may sign up for a 30-minute, one-on-one meeting with EIRs through Campus Groups. Students who attend these meetings report multiple benefits:

  • Customized, tailored feedback on students’ ventures or concepts
  • An experienced view of entrepreneurship challenges already overcome by the EIR
  • A point of time by which to organize the most salient questions relating to the venture or aspirations to become an entrepreneur
  • Confidential answers to questions
  • Potential networking benefits
  • Potential relationship with the EIR
Sign up for an appointment with an EIR on Campus Groups, or submit questions to the Kellogg Innovation & Entrepreneurship Initiative via kiei@kellogg.northwestern.edu.

Events

The Kellogg Innovation and Entrepreneurship Initiative hosts events year-round for students, alumni, faculty and a strong entrepreneurial network.

News

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