Founder Institute Partners With Fenox Venture Capital To Seed Fund Upcoming Dhaka Chapter Graduates
The Founder Institute– a Silicon Valley based early-stage startup accelerator and global launch network that started its operation in Bangladesh recently, partners with Fenox Venture Capital,-a leading Silicon Valley investor in emerging markets, to fund the strongest graduate companies from the upcoming chapter in Dhaka. The program will help aspiring entrepreneurs to take their business from idea to a funded company in 3.5 months by providing weekly sessions, mentoring by top CEOs and, now, access to seed capital.
The application for the program was due yesterday but in order to allow additional aspiring entrepreneurs to submit application and complete the Predictive Admissions test, the Founder Institute has extended the admissions period to February 11th, 2015, with a new program start date on February 17th, 2015.
What Is In It For Participants
Along with mentoring and weekly sessions with topnotch SEOs and Founders from Dhaka and abroad, the program offers opportunity to present graduates’ ideas before a panel of leading entrepreneurs and investors to qualify for the funding. The strongest companies will be provided with an opportunity to accept a $15,000 investment from Fenox along with support for attracting additional investment from angels in the region and local media exposure.
Founder Institute-a Silicon Valley based early-stage startup accelerator & global launch network has started its operation in Bangladesh recently. With a mission to “Globalize Silicon Valley”, The Founder Institute started its journey in 2009. Soon it has become the world’s largest entrepreneur training and startup launch program, which is helping enthusiastic founders across the globe to build sustainable technology companies. The Institute believes that the best way to learn is “by doing” and is a strong proponent of a philosophy that asserts: “Great People + Expert training + Collaboration=exponentially better chance of success. Since its launch in 2009 it has helped launch over 1,230 companies, which have created 10,000 new jobs.
Founder Institute offers a four months long part time program which helps promising startup entrepreneurs to “learn by doing” and to launch a company through structured training courses, practical business building assignments and expert feedback from a large network of business mentors. The best part of the program is: in order to participate in this training program the founders will not have to quit from their day job. Thus it enables the founders to begin building a business around their ideas without putting their livelihood at risk. The program is going to start in Bangladesh for the first time from February, 2015. Deadline for application will be close on January 11, 2015.
If you want to start your dream startup and see your ideas happen, do hurry and apply away.
Past year was a great year for startups and entrepreneurship enthusiasts in Bangladesh. But it just prepared the ground, I will say. I hope twenty fifteen will be an altogether different year for startups and aspiring entrepreneurs in Bangladesh. Happy making.
Ruhul Kader is a technology business and technology policy analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]