The Founder Institute program is tough - and for good reason. It’s designed to simulate the many of the challenges of startup life, as entrepreneurs launch a company in four short months. The level of difficulty also vets serious entrepreneurs from the wantrepreneurs, leaving those left standing fully prepared to brave the storm ahead.
StartupSmart recently highlighted the program difficulty in the article “Why Only a Third of Accelerator Participants Made it Through the Sydney Founder Institute”. This week the Sydney Founder Institute graduated seven new entrepreneurs - a significant reduction from the original 20+ enrolled at the beginning of the semester.
Sydney Founder Institute Director, Benjamin Chong, says the benefit of such a rigorous program, which includes psych testing as part of the entry program, is learning how to become your business’s biggest critic.
“As a startup founder, if you’ve been through the effort of combing through your business and being critical of all the aspects, you can go and talk to customers, investors and suppliers and give them a great deal of comfort because you’ve dealt with a lot of issues,” Chong says.
Greg Jarrett, founder of private aircraft booking system Charter Intelligence, told StartupSmart the dropout rate in the program reflected the pressure to make sure your idea actually has potential.
“The point of the program is that you need to evolve your business idea throughout. You discover if it’s got real potential early on,” Jarrett says.
Click here to read the full article on StartupSmart.
The Founder Institute is currently accepting applications in the following cities;
- Abuja Spring 2024
- Accelerator Lab Cohort 10
- Ghana - Lagos Spring 2024
- Adelaide - Australia Spring 2024
- Ahmedabad - GCC Spring 2024
- Middle East Winter 2024
- Ankara - Eastern Europe 2024
- Greece - Eastern Europe 2024
- Atlanta - Silicon Valley Fall 2024
- New Zealand - Australia Spring 2024
- Austin Spring 2024
- Iraq - Middle East Winter 2024
- Bali 2024
- Baltimore - Washington DC Spring 2024
- Bangalore - GCC Spring 2024
- Barcelona - Spain 2024
- Lebanon - Middle East Winter 2024
- Belo Horizonte - Brasil Winter 2024
- Colombia 2024
- Brasilia - Brasil Winter 2024
- Brisbane - Australia Spring 2024
- Romania - Eastern Europe 2024
- Hungary - Eastern Europe 2024
- Buenos Aires 2024
- Egypt - Middle East Winter 2024
- Campinas - Brasil Winter 2024
- South Africa Winter 2024
- Venezuela - Colombia 2024
- Chennai - GCC Spring 2024
- Moldova - Eastern Europe 2024
- Sri Lanka 2024
- Denmark - Nordics Spring 2024
- Cordoba 2024
- Cotswold - London Spring 2024
- Curitiba - Brasil Winter 2024
- Dallas Fall 2024
- Denver - Silicon Valley Fall 2024
- GCC Spring 2024
- Fintech ASEAN - Hong Kong 2024
- Florianopolis - Brasil Winter 2024
- Fort Lauderdale - Florida 2024
- Goiania - Brasil Winter 2024
- Gothenburg - Nordics Spring 2024
- Hanoi - Hong Kong 2024
- Finland - Nordics Spring 2024
- Ho Chi Minh - Hong Kong
- Hong Kong 2024
- Hyderabad - GCC Spring 2024
- Pakistan 2024
- Istanbul - Eastern Europe 2024
- Johannesburg - South Africa Winter 2024
- Johor Bahru - Malaysia 2024
- Uganda 2024
- Karachi - Pakistan 2024
- Jamaica 2024
- Kolkata - GCC Spring 2024
- Malaysia 2024
- Lagos Spring 2024
- Lahore - Pakistan 2024
- Las Vegas - Southern California Fall 2024
- Leadership Lab Q2 2024
- Legal Tech 2024
- Peru - Colombia 2024
- LP Institute Cohort 2
- Lisboa - Brasil Winter 2024
- London Spring 2024
- Londrina - Brasil Winter 2024
- Los Angeles - Southern California Fall 2024
- Angola 2024
- Madrid - Spain 2024
- Medelin - Colombia 2024
- Melbourne - Australia Spring 2024
- Florida 2024
- Montreal - Toronto Spring 2024
- Mumbai - GCC Spring 2024
- Kenya Spring 2024
- New Delhi - GCC Spring 2024
- New York Spring 2024
- Noida - GCC Spring 2024
- Orange County - Southern California Fall 2024
- Orlando - Florida 2024
- Norway - Nordics Spring 2024
- Panama - Colombia 2024
- Goa - GCC Spring 2024
- Paris - Switzerland Spring 2024
- Penang - Malaysia 2024
- Perth - Australia Spring 2024
- Phoenix - Silicon Valley Fall 2024
- Porto Alegre - Brasil Winter 2024
- Czechia - Eastern Europe 2024
- Ecuador - Colombia 2024
- Ribeirao Preto - Brasil Winter 2024
- Rio de Janeiro - Brasil Winter 2024
- Italy - Switzerland Spring 2024
- Sacramento - Silicon Valley Fall 2024
- Salvador - Brasil Winter 2024
- San Diego - Southern California Fall 2024
- Bolivia - Colombia 2024
- Sao Paulo - Brasil Winter 2024
- Seattle 2024
- Korea - Japan 2024
- Silicon Valley Fall 2024
- Eastern Europe 2024
- Nordics Spring 2024
- Australia Spring 2024
- Estonia - Nordics Spring 2024
- Tampa - Florida 2024
- Israel - Switzerland Spring 2024
- Japan 2024
- Toronto Spring 2024
- Mongolia Winter 2024
- Valencia - Spain 2024
- Western Canada - Toronto Spring 2024
- VC Lab Cohort 15
- Venture Institute Cohort 3
- FI Venture Network
- Veteran and Military Family Fall 2024
- Vitoria - Brasil Winter 2024
- Poland - Eastern Europe 2024
- Washington DC Spring 2024
- Waterloo - Toronto Spring 2024
- Armenia - Eastern Europe 2024
- Croatia - Eastern Europe 2024
- Switzerland Spring 2024
If you could benefit from expert training and feedback to launch a technology startup, click here to learn more and begin your application now. Don’t see your location? Check back here for updates.
Like this article?