Founder Institute Manila Spring 2015
Since I don’t have $500 to be able to enroll myself in this year’s Founder Institute program (calling for sponsors!) and since I’m also an advocate of Filipino entrepreneurship, I’m just gonna promote it here!
The Founder Institute Philippines is currently accepting applications for this year’s semester! The Final Admissions Deadline for the Manila Spring 2015 Program is March 15, 2015. For Early Admissions Deadline, you can apply until February 15.
I highly recommend it to anyone who has an earthshaking idea, but doesn’t know exactly how to start and what steps to take. The Founder Institute will take you through the right path in the entrepreneurship journey in just four months!
WARNING: The program isn’t easy. It takes guts, sweat, blood, tears, and sheer willpower for you to be able to successfully finish it until graduation. I’m sure it’s a lot like being in a reality show, but it’s about building your own business step-by-step, mentored by highly successful entrepreneurs in the industry.
About the Founder Institute
“The Founder Institute is the world’s largest entrepreneur training and startup launch program, helping aspiring founders across the globe build enduring technology companies.”
It has built more than 1,300 technology companies all over the world, and being recently launched in the Philippines care of David Elefant, Jorge Azurin, Allan Tan and other Filipino technopreneurs, it aims to bring Silicon Valley to us by exposing Filipino talent and innovation to a world-class startup entrepreneurship training ground. And I personally think their program is better than startup accelerators/incubators that eat up much equity from founders right from the ideation process. Hmm.
About the Program and Curriculum
It’s a breeding program. In four months, you will have weekly night sessions with the best mentors you can have in the local technology startup scene. The program is a structured, step-by-step curriculum of training courses and business-building assignments that will surely be fun and challenging!
Here’s a little bit of what you can expect:
Eligible Founder Institute Students
Male or female
Young or feeling young
Employed full-time/part-time, unemployed, freelancing
Experienced in business or fresh out of college
With or without a business idea
With or without a registered company
Interested to start something in the technology space such as: digital media, software, biotech, ecommerce, advertising, consumer electronics
Anyone who wants to be an entrepreneur
More About the Founder Institute Program
Application. You need to fill-up the application form and once it’s reviewed, you will be invited to take a Predictive Admissions Test, to let them determine if you have what it takes to be an entrepreneur.
Courses. The Founder Institute started this off with pre-curriculum sessions wherein they invited some of their mentors to speak about some facets of entrepreneurship that we normal people can easily relate to. After these free seminars/gatherings, the program commences with the weekly private events that will build YOUR company. Imagine having the Founder of Sulit (now OLX.ph) RJ David be your mentor (and other hi-caliber tech stars for that matter)! Awesomesauce right?
Fees. There’s a $25 fee for the Predictive Admissions Test, waived if you enroll before February 15. The program fee, on the other hand, is fixed at $500. Now, if you’re gonna be one of the successful entrepreneurs who’d get third party financing $50,000 and above, then you’d have to pay FI $4,500 as a token of appreciation. Hrhr. 🙂
Your Company. Towards the end of the program, you will have a company. “The Founder Institute employs a unique Shared Liquidity Pool where everyone shares equity in the companies formed from each semester.” It means you’d have to give 3.5% of the company stock shared across the program Graduates, mentors, local program directors and FI. It also means that with this reward, everyone will do their best to help you succeed. You succeed, they all succeed!
For more information, just go to http://fi.co. Good luck and live the dream!