Founder Institute Moscow Information Session

Important
December 20, 2013, 18:30 seminar

The idea for Founder Institute was born in the head of experienced entrepreneur Adeo Ressi (whose companies were acquired by corporations and put out on IPO, and who opened his first business together with Elon Musk) after numerous conversations with other entrepreneurs on the subject of how to help fledgling founders of tech companies transform their projects into large-scale businesses.

Over the past three years Ressi’s project has grown to quite a large scale itself; today, it is the largest accelerator in terms of number of startups represented, and works in regions that other accelerators have not dared to go (the Middle East, for example).

To be precise, FI is an accelerator for startup founders, offering a 4-month long

‘night school’ (including meetings with mentors and a substantial amount of independent work), during which students go through the entire process, from searching for a high-quality idea to transforming it into a product, proceeding from ready concept to a company’s first investments.

The Founder Institute’s global map includes 55 cities, and its international mentor network unites more than 2,500 experienced entrepreneurs, investors, experts, and consultants. Together, they have helped their students found 1,000 ‘dream companies’, 90% of which continue to exist to this day, employing 10,000 people.

This high success rate amongst young projects is achieved via the high quality of the founders themselves: admission to the Founder Institute is determined by the results of an entrance exam, the contents of which are a highly guarded secret. Usually, only one tenth of test-takers receive a passing grade – nevertheless, passing the test with a score of 86% or higher is a good predictor of your future success as an entrepreneur. The second hurdle is built into the training process itself: usually, 40% of enrollees are able to handle the semester’s workload. That’s why the course is constructed such that students are not forced to quit their main source of employment to participate.

On December 13th, Founder Institute Moscow began a new round of admissions for the idea accelerator. Judging by its first session,

this filial has become one of the most successful in the world:

all of the projects launched under the guidance of the company’s 40 mentors are still in operation. The second round of courses will begin in February of 2014. Meanwhile, applications will continue to be accepted for the next month and a half. The admissions process will be accompanied by a series of information sessions.

On December 20th, the directors of FI Moscow, Digital October Center curators Peter Tatischev and Maria Adamian told the audience:

  • how to pass the entrance exam for the Founder Institute (without paying for it),
  • the tools and networking opportunities that FI offers to entrepreneurs,
  • how the training process works and how the program was perfected,
  • about the mentors, program dates, and other details on the new semester,
  • and what your $950 training fee covers.

 

One of the driving forces behind the growth of Founder Institute is the fact that its branch organizations are created by experienced entrepreneurs and representatives of infrastructure projects in the local community. They understand the kinds of complications that tech entrepreneurs are met with when launching new projects and making a name for themselves on the local and international markets, and they know how to deal with them, and how to attract specialists with high levels of expertise and a strong desire to help to their classes.

Peter Tatischev has launched several of his own successful (and not-so-successful) projects, worked freelance for different tech companies, and acted as one of the co-founders of the GreenfieldProject (which organizes Harvest working weekends, Feedback mini-conferences, and #poSEEDelki meetings) and the first director of the InCube business incubator. Today, he produces the first European startup conferences under the auspices of DEMO and SVMR at the Digital October Center.

Maria Adamian specialized in grant programs for the Russian-American Economic Collaboration Foundation and business development for the US-Russia Center for Entrepreneurship. She acted as the head of the HSE{inc} incubator, launched the ‘Iron Entrepreneur’ competition in Russia, and has organized all of the Russian TechCrunch conferences, as well as a number of other major international tech events in Moscow, including Landing Page.

Both of the directors of FI Moscow have graduated from international business programs: Peter studied at Cambridge, while Maria went to school in Seattle.

contacts

119072, Moscow, Bersenevskaya Naberezhnaya, 6, str.3

+7 (499) 963–31–10
+7 (985) 766–19–25
do@digitaloctober.com