Enstitute, an apprenticeship program for the new economy, is launching its fourth hub, which aims to place 70 millennials in Miami-area companies during its first year of programming. The John S. and James L. Knight Foundation is investing $248,400 to bring Enstitute to Miami.
To equip millennials with relevant skills for 21st century careers, Enstitute provides participants with one-year, paid, full-time apprenticeships at high-growth startups, small businesses and corporations. In the nonprofit’s first pilot program in New York in 2012, 90 percent of the students, who are typically 18 to 24 years old, either received full-time offers or started their own companies, Enstitute said. The program then expanded to Washington, D.C. and St. Louis.
The Miami program will launch in January 2015, and offer opportunities in technology, hospitality and Latin American business, said Enstitute co-founder Kane Sarhan. Sarhan said he is planning an October pre-launch event to bring in a dozen New York-based venture capitalists to the Miami ecosystem.
Matt Haggman, Knight Foundation program director, said that as entrepreneurial momentum grows, so does the demand for talent and opportunities for young people to connect with high-growth companies. In April, Knight announced that it was funding the Miami launch of Venture for America, which matches up top-caliber recent grads with startups through two-year fellowships. Knight made about 70 investments in entrepreneurship in South Florida in the past two years.
For more information on how to become an Entstitute apprentice or host company, visit www.enstituteu.com.
Posted July 9, 2014