Founder Institute wants startups to join its Philly cohort - Technical.ly Philly

Business

Sep. 26, 2017 12:13 pm

Founder Institute wants startups to join its Philly cohort

Apply to the accelerator program for early stage startups, which will be based out of CityCoHo and the Pennovation Center.

The Pennovation Center.

(Photo by Michael Moran/OTTO)

They don’t say “second time’s the charm,” but for the Philly iteration of the Founder Institute accelerator program it might just be.

Once tried in 2013 by Mike Krupit (then COO of now shuttered Real Food Works) alongside entrepreneurs Herb Cohen and Bob Solomon, the San Francisco-based national program is looking to once again drop a pin in Philly. It’s currently live in 60 countries with its premise of “globalizing Silicon Valley.”

Locally, the second push at making the accelerator happen in Philly is led by Brendan O’Hara, a startup consultant who also organizes a meetup called Founding Startups. O’Hara is a New York-based, but is hoping to finalize his move to Philly over the next three to four months.

“Founder Institute is a very structured 13-week program,” O’Hara told Technical.ly. “It takes in people who are at the idea stage or pre seed. We walk them through all of the steps to build a great early stage startup and have mentors from regional startups come in to advise. When they leave the program, they can start pitching for capital right away or go do more product development.”

Apply by Oct. 12

The sessions for the accelerator, which will be starting in October, will take place at CityCoHo and Pennovation.

The accelerator program does take equity in the shape of “warrants” (no, not that kind) which only kick in in the case a startup has an exit event like an acquisition or a merger. Standard is 4 percent, but as with any accelerator you might want to read the fine print.

Organizations: Founder Institute
-30-
LEAVE A COMMENT

Advertisement

1776’s new accelerator for ‘regulated industry’ startups could come to Philly

Here are the 10 startups that made it to the Comcast LIFT Labs Accelerator

Meet the Army vet leading Dreamit’s new SecureTech vertical

SPONSORED

Philly

UX, UArts and the importance of human-centered design

Chesterbrook, PA

Deacom

Deacom | Creative Marketing Writer

Apply Now
Chesterbrook, PA

Deacom

EDI Specialist

Apply Now
Philadelphia

Inspire

Associate Product Manager

Apply Now

At Dreamit’s HealthTech Demo Day, a penchant for machine learning and AI

What 7 companies got out of the Philly Startup Leaders accelerator

Snow update: Comcast, Techstars postpone accelerator open house

SPONSORED

Philly

Pitch to win up to $360,000 in funding at WeWork’s Creator Awards

Philadelphia

Perpay

Product Designer

Apply Now
30 S 15th St #1400, Philadelphia, PA 19102

Inspire

Fall 2018 – Cleantech Connect Project Mentee

Apply Now
Philadelphia

Practice

Director of Sales

Apply Now

Sign-up for daily news updates from Technical.ly

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