Why Should You Sponsor?
Benefits Overview
Here are some of the benefits of sponsoring
Recognition and community involvement
Winning teams are recognized and awarded across various categories.
Students work on projects that address real world problems that can have a real-world Impact.
Sponsored companies get to increase their connections with the educators and professionals at NJIT, building a relational ship that could lead to future collaborations.
Gain fresh insights from students “collective intelligence”
Teams/Students bring a new perspective to the table. Students will provide innovative ideas to real world problems. Thinking outside the box and coming up with ideas that professionals might not consider.
Students will have the most up to date knowledge on the technologies, theories, and practices.
Cost-effective
Research and development is done by students for the company without the high cost.
Sponsors are able to set a budget for teams minimizing financial risks.
Companies can scale the scope of their involvement to match their budget.
NJIT also provides access to labs, facilities, and some equipment alleviating some of the cost.
Great outcome in a short time
Students provide a flexible and adaptable workforce and are more able to adapt to new technologies and practices.
Teams quickly contribute to projects and develop possible solutions.
Students focus on specific tasks and problems allowing for quicker product turnarounds.
Social responsibility
Sponsors are able to give back to the community and support NJIT. It also strengthens the relationship between sponsors and the community.
Sponsors help ensure NJIT students are well-prepared for the professional work world; mentoring students, providing valuable information that will help them in their future careers.
Fast career pipeline
Capstone is like a practical extended interview and allows interaction with potential future employees. Projects can be used as a way to test talent before committing to hiring.
Sponsors are able to identify top talent before they enter the job market.
Sponsor Support
NJIT offers support for sponsors throughout the capstone experience. Providing access to resources and a community of academic professionals.
Potential Grants
Potential to get funding from federal programs, state grants, and professional associations. NJIT and Sponsors can also apply for collaborative research grants.
How is this different from internships?
Internship
- Provides hands-on experience with real world problems under company guidance
- Requires the Intern to be hired
- Have to greater talent after they get in the job market
Sponsoring
- Allows students to demonstrate the knowledge and skills that they have acquired towards a project within a learning environment
- Student work for the company without the need to be hired
- Showcases problem-solving skills, critical thinking, and the ability to apply theoretical knowledge
- Ability to test new talent before they get in the job market