Take a look at almost any tech blog today, and there is a high chance that you will notice a headline related to a startup incubator because of a company that is associated with one of the various entrepreneurial seed funds. These programs have attracted a lot of interest in the past couple years, as many people lost their jobs and are now interested in founding their own company. Programs such as TechStars, Y-Combinator, Dreamit Ventures, and the Founder Institute all have numerous portfolio companies that have graduated from their programs and have gone onto being highly successful companies. In fact, the jobs creation and local economic stimulation by these programs has garnered interest from New York City Mayor Bloomberg, who initiated a public fund for entrepreneurial pursuits in New York. In exchange for the seed funding, each of the programs typically takes a small share of the company. This way the programs can continue to fund more successful and not successful companies to their credit in the future.
Adeo Ressi, founder of the Founder Institute, has the most geographically diverse set of startup incubators in tech centers around the world. His mission is to found 1,000 companies per year through his semester long programs. People such as Adeo are bringing a vision to entrepreneurial communities across the world, showing them that they can be part of an accelerated startup if they posses the necessary characteristics to execute their ideas. I believe that the best part of these startup incubators is that they are instigating a wave of innovation that will ultimately improve the lives of others and make the world a better place.
Do you already have an idea that was scraped a few months back because of some common excuse? Follow Adeo Ressi as he guides you to making your idea happen for less that $2,000.