Innovation Ventures Intern - Summer 2026

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What we offer:

Group Summary:

Position Overview: This position supports the Magna Technology Investments team in sourcing, monitoring, researching, and potentially investing in startup companies shaping the future of mobility and manufacturing. We’re looking for someone who is deeply curious, detail-oriented, and comfortable learning independently.

While we offer a structured internship program, your experience will be largely self-driven. You will learn by researching, engaging with founders, and supporting real investment work. This role is based in Michigan, and relocation assistance or housing compensation is not provided. In previous years, interns have successfully joined us from Durham, Pittsburgh, New Haven, and Windsor, Ontario.

Essential Duties and Responsibilities:

1. Support full-cycle investment diligence by conducting market sizing, competitive analysis, value-proposition assessments, and business-model evaluations for active deals.

2. Develop strategic insights by researching emerging technologies and trends, drafting thematic briefs, and synthesizing findings into actionable recommendations for the investment roadmap.

3. Contribute to pipeline development by sourcing, screening, and profiling high-potential startups aligned with Magna’s focus areas.

4. Conduct pre-meeting research for startup intro calls, events, or conferences, prepare concise one-page summaries, join meetings, actively listen, and take structured notes.

5. Attend local events and conferences, capture key insights, and prepare post-event reflections or summaries for the team.

Qualifications:

· Strong interest in emerging technologies, startups, and the future of mobility/automotive/ manufacturing.

· Ability to research and learn independently; strong aptitude for synthesizing complex information into clear insights.

· Highly curious, organized, and detail-oriented.

· Technical (hardware or software) preferred.

· Genuine respect for entrepreneurs and enthusiasm for working with early-stage startups.

Education / Experience:

· Junior or Senior university student with a major in engineering; additional experience or coursework in business, finance, economics, product design, or front-end innovation is strongly valued.

· Candidates pursuing a Master’s in Engineering or an MBA are also welcome to apply.

Special Knowledge / Skills:

· Proficient in Microsoft Office (Word, Excel, PowerPoint)

· Strong professional written and verbal communication skills

Physical Demands / Work Environment:

· Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer.

Awareness, Unity, Empowerment:

At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.

Notice regarding the use of AI:

As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system.

These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team.

Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.