About Koru

Koru is a venture studio created by Ontario Teachers' Pension Plan to drive innovation among their portfolio companies. By combining existing assets and industry expertise with talent, tech, and a proven startup methodology, Koru allows its portfolio companies to push the boundaries of what’s possible, and ultimately add value for OTPP pensioners overall. Founded in 2019 in Toronto, Koru is a team of experienced business operators, designers, engineers, operators, and marketers with expertise in business building and innovation. For more information, visit hellokoru.com and check out this video for a peek inside Koru.

About you

If you get excited by the idea of creating new businesses from the ground up in a dynamic high-intensity environment, have an entrepreneurial spirit, know how to be scrappy, and possess a desire to dive into the world of digital-focused startups, then your place is with us!

About the Internship

In this role, you will have a unique opportunity to be exposed to a wide array of industries and be a vital voice pertaining to the Koru portfolio. You will have the opportunity to jump into the world of early-stage investing and explore first-hand how to think like both an investor and a builder.

  • Work on a cross-functional venture team with close support and mentorship from a Lead Business Operations Manager
  • Play a critical role in the discovery, design, assessment, due diligence, and execution of an early-stage venture opportunity for the Koru portfolio
  • Conduct design and market research, competitive and opportunity analyses, and business modelling to develop investment recommendations for early-stage ventures
  • Work cross-functionally with product, design, engineering, and growth teams
  • Prepare and present recommendations to internal committees, such as the Venture Board and Management
  • Work collaboratively with other teams at Koru on HQ initiatives and other ventures, as needed

Qualifications

  • Entering your final year of an undergraduate or postgraduate degree program in business, finance, economics, strategy, or a related field
  • Work experience, including internships or co-ops, in business planning, strategy development, or an operational role within a fast-paced start-up environment and/or consulting firm
  • Experience building business models from scratch and assessing the viability and feasibility of business cases
  • Proven track record in building strong partnerships with cross-functional teams
  • A demonstrated ability to influence decisions with persuasive storytelling and a data-driven informed point of view
  • Be scrappy!

What happens next?

Once we review your application, if we’d like to move you forward in the process, here’s what you can expect from our hiring process:

Mid-February

  • Step 1: First-round interview with one of the Internship Leads (45 minutes)
  • Step 2: Complete a take home activity focused on developing a 1-page investment case on a new venture idea (~3-4 hours prep)

Early March

  • Step 3: Second-round interview to present your investment case to a panel (60 minutes)

Mid-March

  • Step 4: Final round interview with Koru’s partners (45 minutes)

Late March: 

  • Step 5: Offer

We are accepting applications until February 5, 2023, at 11:59 pm.

Our commitment to Diversity, Equity, and Inclusion.

Diversity of perspectives and experience is at the core of how we approach disruption and innovation. We believe in fostering an environment where team members of all backgrounds can feel comfortable bringing their whole selves to work every day. We aim to ensure all of our employees work in an environment that makes them feel valued, heard and supported while they strive towards career pursuits and their personal and professional growth.

We are committed to providing accommodations for all candidates that require them and in all aspects of the recruitment, selection, and/or assessment process. If you are selected to participate in any part of the selection and/or assessment process, please inform us of any accommodation(s) that you may require.

Our location.

Koru’s offices are located in downtown Toronto. We humbly acknowledge that Koru HQ is located on land that is the traditional territory of the Mississaugas of the New Credit, Chippewa (Anishinaabeg), Haudenosaunee, and Wendat. This territory is covered by the ‘Toronto Purchase: Treaty 13’ which was the surrender of the lands from the Mississaugas of the Credit to the British Crown initially in 1787.

Koru staff and/or board members are made up of settlers, immigrants, descendants of immigrants, or a combination thereof. Our roots lie in continents across the world and we are grateful for the opportunity to share this land where we work and live.

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