DELHI, February 26, 2016 /PRNewswire/ --
- Founder Institute, a Silicon Valley-based Start-up Training and Launch Program is Committed to Globalize Silicon Valley in India to Give Impetus to the Start-up Ecosystem in the Country
- Incubated Over 1000 Companies Across 100 Cities and six Continents Across the Globe
Founder Institute, the world's largest start-up training and launch program, has announced that the first batch of start-ups in its Delhi chapter have graduated from the program. The Delhi chapter has graduated six founders with exciting and innovative companies. USA-based Founder Institute has its presence in 58 countries across 100 cities and has successfully launched 1,850 graduate companies. The Founder Institute is a part-time, four-month program where promising entrepreneurs can 'learn by doing' and launch a company through structured training courses and expert feedback from business mentors.
The first batch of Delhi chapter has six graduating founders with companies - Kaustubh Prasad (TruMoney - an integrated and intelligent platform for personal finance management), Bhawna Singh (Happese - an online platform to help people reduce stress and discover happiness by connecting them online with experts), Manoj Pal (Pravda Communications - an employee engagement company to engage and motivate employees by leveraging technology), Anuroop Sirothia (InfinityKards - a mobile app to exchange digital visiting cards with a single click), Vikas Agarwal (MuviHub - a crowd-sourced movies and TV shows review and rating platform) and Ambuj Sharma (Mechanicbaba - an online car service booking platform where car owners can find trustworthy workshops). The Program Directors for the Delhi chapter are Siddharth Gupta (Director, Unidus), Varun Chandra (Director, InCights Mobile Solutions Pvt. Ltd.), and Vamshidhar Guthikonda (Founder, SeedX).
Speaking about the initiatives of the institute, Siddharth Gupta, Director - Founder Institute, Delhi Chapter said, "We are creating an ecosystem which would help start-ups to grow and create jobs. It is an achievement for a person to be graduated from Founder Institute as it is a seal of approval, signifying that the company's founders, mission, model, and plans have been validated by an exclusive panel of experienced mentor CEOs. We are taught how to kill their idea and if it survives, it is an idea worth taking forward. We grind the idea, polish it and make it into a diamond."
The applicants at the Founder Institute are chosen through a rigorous psychometric personality test that helps evaluate the personality of applicants to ensure they have the aptitude for entrepreneurship. The Delhi chapter of Founder Institute received 7,500 applications for the 2015-16 programme, of which 150 qualified based on the test, 30 enrolled for the programme and 6 entrepreneurs graduated. The program is considered a very demanding one and the global graduation rate is less than 20%. The program lends a cutting edge through refinement of a viable idea into successful execution in just 4 months' time with its business building assignments, mentor feedback, advisor sessions and working group meetings.
Founder Institute's Delhi chapter was launched on October 10, 2015. The program included some of the best-known advisors, investors and CEO's of successful start-up companies as mentors to the founders in the program. The 34 mentors drawn from the Delhi chapter included some of the most successful and well-known entrepreneurs that are part of the Indian start-up ecosystem.
About Founder Institute
Founder Institute is an American business incubator, entrepreneur training and start-up Institute that was founded in Palo Alto, California in 2009. Founded by Adeo Ressi, the institute has become the largest incubator in the world. Based in Silicon Valley and with chapters across 100 cities and 58 countries, the Institute's mission is to 'Globalize Silicon Valley' and build sustainable start-up ecosystems that will create one million new jobs. Founder Institute has 1,850 Graduate Companies with an estimated portfolio value in excess of $12 billion. http://www.fi.co
For Further details, please contact:
SOURCE Founder Institute