Through the Founder Institute’s four-month entrepreneur training and startup launch program, entrepreneurs “learn by doing” and launch a company with training, expert feedback, and support from experienced startup CEOs, the Institute said in its press release. The program is part-time, so full-time professionals can test and build their ideas before making the leap from employee to entrepreneur and quitting their day jobs. If accepted into the program – which includes an aptitude test – participants will pay $1,000, plus a 3.5 percent equity share that is shared by mentors and participants in the program, according to www.fi.co.
Founder Institute is based in Silicon Valley with chapters in 100 cities and 45 countries. Since 2009, more than 1,650 companies have used the Founder Institute to validate their idea, develop their plans, refine their product, build an advisory board and prepare for seed funding - including fast-rising startups like Udemy, Realty Mogul, iCarsClub, Itembase, goplaceit and Appota.
“The region has all of the ingredients for a strong startup ecosystem - with a great mix of diversity, capital, universities, and large technology companies. Given the response we have seen, I have no doubt that the region can support both of these chapters, and provide expert training and mentorship to help produce top-notch companies," said Adeo Ressi, founder and CEO of the Founder Institute, in the press release.
The Founder Institute is hosting a series of free startup events open to the public:
- Miami Startup Co-Founder 101: How to Find the Right Partner (Tues, October 13, 6:30 PM)
- Fort Lauderdale Startup Ideation Bootcamp (Tues, October 13, 6:30 PM)
- How to Start a Startup in Fort Lauderdale (Tues, October 20, 6:30 PM)
Leading Founder Institute Miami are Enrique Sierra, an executive-level leader and action-oriented consultant with broad experience in strategic modeling and implementation of ROI-driven businesses; Gustavo Fernandez, an alternative investments fund manager passionate about the innovative use of capital and technology to transform ideas into nimble, effective organizations; and Juan Meza, an innovation activist and mediator of entrepreneurship, profitability and social responsibility for Fortune 500 companies.
Fort Lauderdale’s chapter is led by Mark Volchek, a successful entrepreneur that built a project from 3 founders on a college campus into a public company listed on NYSE; Rodolfo Novarini, a seasoned entrepreneur and intrapreneur with over 15 years of experience creating and growing billion dollar businesses; and Michel Triana, the founder of several successful technology companies, including Ninut, Advise.me, and Cine en Casa.
The application deadline for both South Florida chapters is on Sunday, Nov. 22, but anyone who applies by the early application deadline of Nov. 1 is eligible for scholarships - including the Female Founder Fellowship offered to the best overall female applicant for each chapter.