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As the launch of the second Madrid Founder Institute approaches, excitement is beginning to brew amongst entrepreneurs in Spain. Local director Miguel Galera recently met with David García of Yorokobu Magazine, to explain the basic premise of the Institute. In a piece entitled “Founder Institute: tutelando startups antes de que la idea salga del horno”, Galera explains why the Founder Institute is a choice option for budding entrepreneurs and how the Institute is a great asset to the local economy.

With the Spanish economy in a less than desirable state, Galera says that now is one of the best times for entrepreneurs to start a business. With a focus on creating viable business plans, enduring companies, and generating jobs, Founder Institute graduates are a valuable asset to both Spain and Europe as a whole. In a mere 3 years of operation, the Founder Institute has successfully launched over 650 companies, establishing thousands of careers and injecting life into startup ecosystems in over 35 cities worldwide. With the new year and Spring semesters right around the corner, the Institute plans to launch hundreds, perhaps thousands of new companies in 2013 - many of which will be right here in Spain.

To learn more about the Madrid Founder Institute, join us for Startup Ideation Bootcamp on December 5th. Come network with local entrepreneurs, refine your idea, perfect your pitch, and learn about the Founder Institute. This event is free and open to anyone interested in startups and entrepreneurship. Click here to register. We hope to see you there!

Be sure to read the full article on Yorokobu (in Spanish) and click here to learn more about the Founder Institute in Madrid. Those who apply by the early admissions deadline of January 13th, 2013 get to take the predictive admissions test for free and are eligible for the Female Founder Fellowship - a scholarship offered to outstanding female applicants.

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