The Founder Institute announced this week that it is launching two chapters in South Florida: the Miami Founder Institute and the Fort Lauderdale- Boca Raton Founder Institute.
Through the Founder Institute’s four-month entrepreneur training and startup launch program, entrepreneurs “learn by doing” and launch a company with training, expert feedback, and support from experienced startup CEOs, the Institute said in its press release. The program is part-time, so full-time professionals can test and build their ideas before making the leap from employee to entrepreneur and quitting their day jobs. If accepted into the program – which includes an aptitude test – participants will pay $1,000, plus a 3.5 percent equity share that is shared by mentors and participants in the program, according to www.fi.co.
Founder Institute is based in Silicon Valley with chapters in 100 cities and 45 countries. Since 2009, more than 1,650 companies have used the Founder Institute to validate their idea, develop their plans, refine their product, build an advisory board and prepare for seed funding – including fast-rising startups like Udemy, Realty Mogul, iCarsClub, Itembase, goplaceit and Appota.