Tuesday, August 02, 2011

Jakarta to Have its Own Founder Institute

The Founder Institute – whose slogan is ‘Globalizing Silicon Valley’ – aims to help entrepreneurs launch meaningful and enduring technology companies. Through their four month pre-seed incubator program, anyone could launch their dream company with expert training, feedback, and support from experienced start-up CEOs, without being required to quit their day job.
The institute’s unique ‘bonus pool’ also shares equity upside with all participants, creating local, teamwork-based ecosystems where great startups can flourish. It was founded in 2009 by serial entrepreneur Adeo Ressi, and to this day is still operated out of a small garage in the heart of Silicon Valley.

Now, Jakarta has its own Founder Institute, founded by Sanny Gaddafi (Co-Founder of SixReps), Novistiar (Co-Founder of AutoSally), and – last but not least – Andy Zain (Founder of NuMedia). With ‘Indonesian start-ups, Global Network’ as their mantra, Sanny and Novistiar are themselves graduates from the Founder Institute, and Andy Zain is one of the mentors at the Singapore Founder Institute. They see so much attention being focused on Indonesia, yet so few startups are emerging – and they want to change that.

The institute’s main webpage shows how inclusive they are, and profiles who might make a good applicant:
Anybody who is passionate about building a technology company is welcome to apply: idea or no idea, young or old, male or female, experienced in business or straight out of school. We also support a wide range of technology industries: including digital media, software, biotech, cleantech, ecommerce, advertising, consumer electronics, and more.

Indonesia incoming…

What’s more interesting is that Founder Institute Jakarta has decided to waive the usual $50 registration fee. If you apply by the early admissions deadline of Sunday, September 18th, 2011, you can take the test for free. In addition, you have a greater chance of being accepted because your application is reviewed twice (after both the early and final admissions deadlines). If accepted now, an enrolled course-goer can get access to the Founder Institute library of exclusive training content earlier, giving him or her more time to prepare for the course ahead.

The final admissions deadline is on Sunday, October 9th, 2011, Any readers who fancy a shot can apply here, or follow their twitter here.

With so much thing happening in the Indonesia tech scene, incubators such as Project Eden’s startup accelerator, the Nusantara Incubator, and Ideosource are all ready to incubate early-stage startups. Venture firms or even angel Investors have in the past flown in from all over the world to see for themselves how big Indonesia’s potential is. So, let’s start-up – and, like Andy Zain once said, let’s finish-up!

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