Founder Institute nears launch of Baltimore chapter - Technical.ly Baltimore

Business

Oct. 6, 2014 8:02 am

Founder Institute nears launch of Baltimore chapter

The institute has chapters in more than 80 cities worldwide. The Baltimore chapter could win approval within the next two weeks.

The FI program has mentors work with budding entrepreneurs.

(Photo courtesy of Founder Institute)

Two Johns Hopkins Carey Business School instructors are working to bring the Founder Institute to Baltimore.

The Founder Institute is an intensive four-month program with a network of visiting mentors from businesses near and far.

“Think of it as an individually-specialized MBA customized to your particular business,” said Neil Kleinberg, founder and CEO of the Riva-based mergers and acquisitions startup DiliVer and an adjunct faculty member at the Carey Business School.

Kleinberg, with Hopkins professor Rick Milter, are spearheading the effort to bring the accelerator program to Baltimore. The Silicon Valley-based Founder Institute has chapters in 85 cities in 40 countries, including nearby Washington, D.C. The new Baltimore chapter has been in the works for about a year.

“We’re trying to see if Baltimore has what it takes in terms of interest to make its own chapter,” Kleinberg said.

The chapter is nearing approval from the organization’s front office. Kleinberg said he expects that approval to come sometime in the next two weeks.

What separates the Founder Institute from similar programs is the discerning application process, the pair said.

“You have to apply to be accepted into the program,” Milter said. “If you don’t meet kind of the mark for what Founder Institute is about, you’re not going to make it into the program.”

It’s that application process, the pair said, that contributes to a high success rate for graduating companies — 90 percent survive after five years, according to FI statistics.

Once an entrepreneur does get in, the program consists of 14 mentor-led sessions covering topics including idea and product development, team formation and fundraising.

“We’ll get somebody from Silicon Valley teaching in Baltimore one night,” Kleinberg said. “We’re an attractive destination.”

What also gives Batimore an edge, they said, is the region’s high concentration of quality universities — including Hopkins — along with medical and cybersecurity titans.

Advertisement

“It’s a place that’s just ripe for that, so to us it makes sense,” Kleinberg added.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

BCAN opens applications for Founder Fellows program

5 tips for female founders from DMV investors and tech leaders

These 28 social enterprises will take part in Innovation Works’ first accelerator

SPONSORED

Baltimore

How law firm Nemphos Braue is guiding startups along the new business learning curve

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore

SchoolDuels

Vice President of Business Development

Apply Now

SpotWash wins $100K at Accelerate Baltimore’s Investor Pitch Night

Sen. Ben Cardin just proposed legislation to help returning citizens start businesses

F3 Tech’s pre-accelerator is for founders working in agritech, aquatech and envirotech

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore

emocha Mobile Health

Software Engineer

Apply Now
Baltimore

RackTop Systems

API Guru

Apply Now
Baltimore

Osmosis

Front End Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!