Internships Details

About the Organization

YQ Vending has created the first commercially, socially and environmentally viable method of vending a wide range of drinks in nightclubs across the UK. We are a SME (Small or Medium-Sized Enterprise) taking a highly innovative product and POS to the alcoholic on-trade market. We offer genuine USP’s over our competition that add real value to the end user. The safety of staff, venues and customers is increased whilst turnover rises and overheads fall. Formed in June 2007 the business has been conducting R & D, market research and perfecting our offering. We are due to launch in February 2009. We have won two business awards, one for innovation and the other a start-up prize. Have a fantastic management/support team including “celebrity” entrepreneurs and people with vast amounts of industry experience. These are not based in the same offices and do not work full time on the business. Any intern/s will work with the MD in office location. Our mission is to “revolutionise the way that drinks are brought, consumed and their packaging disposed of in nightclubs around the world”. We are currently based in offices in Leicester in the East Midlands; we plan to base the business here for the foreseeable future. Our business creates value by placing vending machines in nightclubs from which licensees sell our range of branded pouched drinks (alcoholic and soft). The drinks are just as appealing and saleable over the bar as well. YQ Vending is affiliated with the Innovation Centre, a regional development organisation: http://www.dmu.ac.uk/partnerships/consultancy/innovation_centre/

Job Description

Day to day tasks will certainly not be day to day! There will be a genuine variety of roles that need to be filled from one day to another and often on the same day. Examples of tasks that may be undertaken are; preparation of sales pitches to potential new customers, visiting and pitching to potential customers, preparation of product specification, managing market research, individual project management, work on company website, business planning and financial forecast work, future planning and bench marking. There is not set list of tasks and the above list isn’t exhaustive. The joy of working with a cutting edge business is that every day brings new challenges and opportunities.

Skills that will be learnt will be exceptionally varied as the intern will not be making coffee and photocopying! They will actively be involved in the day to day tasks involved with taking a new product to market and running a growing business. A good insight will be gained into the UK on-trade (the sale of alcoholic drinks in clubs and bars). The opportunity will be able to offer the intern with the chance to see the working side of a UK based SME. Vast networking opportunities are also available through the team of influential entrepreneurs.

# of Positions per term

1 -2

Start Dates

Any term

Duration of Internship

3 months to one year

Qualifications

Academic Background

All business/finance academic fields will be considered, as will IT students and those in other fields but with relevant professional experience. Enterprise, accountancy or IT related skills sets are well suited.

Skills/Experience

Ahead of academic skills, evidence of innovation, creative thinking, or problem solving will be held in high regard. Practical application of knowledge is essential, whether work experience related or high quality academic work. Other ESSENTIAL disciplines are that applicants must be out going, fun, hard working, like to enjoy themselves, good and varied people skills. Also, due to the nature of our business, applicants who are comfortable with the consumption of alcohol/ and are prepared to visit nightclubs may suit the role better.

Language Ability

Fluent and eloquent business English must be able to be spoken confidently and with conviction.

Other Requirements

Internship Costs

Total costs vary depending on how long you plan to be abroad, where you will be living, your personal spending habits, and current exchange rates. The following estimates will give you a ballpark figure for this internship. Get help with the math from our handy Cost Calculator.

IE₃ Program Fee

The program fee* for the first term of any internship is $2950 - $3150. You do not pay tuition in addition to the program fee. Visit your University's IE₃ page for details, costs for additional terms, and campus administrative fees.

*The program fee noted above reflects the anticipated fee increase that will go into effect for the Fall 2010 term and will apply to all terms thereafter.

Estimated One-Time Expenses

Expense Type	Price
International Travel	$800
Visa Fees	Approximately $1000.
Recommended Immunizations	None

*See Additional Cost Information below.

Estimated Monthly Expenses

Expense Type	Price/month
Housing	$400 - $800/month (lower end is shared accomodation, higher is private flat)
Food	$200
Local Transportation	$40 - most locattions are accessible by foot.
Recreation	$100
Personal Expenses	$50

Additional Expense Information

Interns must obtain a BUNAC Internship in Britain authorization ($750) and a tier 5 UK visa ( £125). The total processing time for these documents is about eight weeks.

Additional Information

By coming to work for YQ Vending the intern will benefit from fantastic opportunities and a management team that has vast levels of experience. A healthy work/life balance is encouraged, we work hard and play hard.

To conclude, this placement offers the potential to work with proven, celebrity, hard working and up and coming entrepreneurs. The business is an award winning SME with high growth potential. The placement offers great long term potential, both financial and also social. There may be the opportunity to work with team members on other projects in which they are also involved.