Sir Peter Gluckman, PM's science advisor, talks about the Waterloo model being adopted here in New Zealand. I hope that involves a sandwich year for Kiwi students. Internships not only are great for students, and NZ businesses, but also for New Zealand, in my humble opinion!
http://computerworld.co.nz/news.nsf/news/innovation-centre-gets-new-tenants-in-nextspace
http://www.canada-nz.org.nz/joomla15/index.php?option=com_content&view=article&id=2258:sir-peter-gluckman-speaks-highly-of-canadas-technology-triangle&catid=3:newsflash&Itemid=9