Hyderabad has just produced the first batch of 4 Founder Institute graduates from its first ever semester. Founder Institute is an international program based out of Silicon Valley, California, USA; with chapters in more than 40 countries across the Globe. The program aims at training founders for a potential startup. It is the largest founders training institute in the world.
The four graduating founders are Sachin Verma, Diyanat Ali (Outlife Adventure- themed and curated adventure trips startup), Anoop Munshi (Tourity- a crowd sourced and guided tourist solution) and Shanker Pisupati (Enterex- solution for small diagnostic centers). All the four founders have since incorporated their startups post validation and refinement at the program; and fully embarked on their journey. Being a Founder Institute Graduate is a seal of approval, signifying that company's founders, mission, model, and plans as being validated by experienced mentor CEOs.
“We want Hyderabad to be on India’s startup map and create the best trained Startup CEOs that can run scalable and successful enterprises” says Srinivas Kollipara, CEO of IIIT-H Incubator, who was instrumental in bringing the Founder Institute Chapter to Hyderabad.
Founder Institute Hyderabad Chapter was launched in June 2014, by Srinivas Kollipara (CEO of IIIT-H Incubator) and Ramesh Loganathan (MD, Progress Software-India). The program included the best mentors, investors and CEO’s of successful startup companies as mentors to the founders in the program. The 22 mentors drawn from the Hyderabad ecosystem included charter members from TiE and angel investors from Hyderabad Angel Network.
The program received over 220 applicants. Out of these 45 founders were shortlisted initially through a predictive admission test that identifies talented entrepreneurs based on the behavioral traits of successful entrepreneurs. 24 selected founders actually joined the program. The curriculum for this program is on international guidelines and hence is very demanding. Of the 24 selected founders, 4 have graduated from the first batch. World over, the very demanding program has graduation rate of less than 20%. The program gives a cutting edge by refinement of a viable idea into successful execution in just 4 months time with its business building assignments, mentor feedback, advisor sessions and work group meetings. The assignments make the founders’ transition over from just having a viable idea to building a successful company.
Ramesh Loganathan, Co-Director Founder Institute Hyderabad Chapter and Managing Director, Progress Software said, “Hyderabad has the potential to become the Startup Hub of India. Accelerators like the Founder Institute plays a crucial role in shaping startup entrepreneurs and helps create successful companies.”