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I assume since they are based in waterloo they are talking about the waterloo coop program [ http://www.cecs.uwaterloo.ca/employers/prospective/ ].

Around waterloo it's actually normal for startups to be based around coop labor, they are cheap and the commitment is short (4-8 months), and best of all you get big tax breaks in Ontario if you hire students. Something else to keep in mind is that a waterloo coop student in their last year of coop has had at least 16 months work experience (To graduate the coop program you need to do at least 20 months of internships), so these aren't fresh out of class interns.



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