StartOut Partners With The Founder Institute to Support LGBT Entrepreneurs

Launches New Program StartOut Smart: The Founder Institute

New York, NY – Jan 29, 2013

StartOut announced today its partnership with The Founder Institute, creating the “StartOut Smart: The Founder Institute” program. This new program provides educational opportunities for LGBT entrepreneurs through The Founder Institute startup accelerator, which has helped launch over 675 technology companies across the globe. With StartOut Smart: The Founder Institute, LGBT entrepreneurs can get access to the expert training and feedback needed to turn their technology-based business ideas into meaningful and enduring companies.

“StartOut is excited to partner with The Founder Institute, and we know that by doing so, we are helping to develop LGBT entrepreneurs by giving them the resources and support of a world-class accelerator program,” says StartOut Chairman, Lorenzo Thione. “By sponsoring high-potential candidates, we intend to provide them a pathway to success, helping them to mature their ideas and build their businesses, while also providing them with a platform to showcase them.”

Through the StartOut Smart program, StartOut will cover the course fee for a pre-determined number of qualified LGBT candidates to participate in The Founder Institute’s four-month accelerator program, enabling them to create scalable LGBT-founded ventures across the U.S., and

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potentially across the globe. In addition to the training and resources provided by The Founder Institute, StartOut Smart candidates will have access to StartOut’s mentors and sources of funding, and also have the opportunity to be featured in a StartOut Demo Day event.

For an initial pilot, StartOut will sponsor up to 20 eligible LGBT founders in the Spring and Fall 2013 Founder Institute semesters, from U.S. chapters where StartOut and The Founder Institute operate. Currently, this opportunity is available for applicants in StartOut’s chapters in the San Francisco Bay Area and New York. Anybody who is passionate about building a technology company is welcome to apply: idea or no idea, full-time job or unemployed, young or old, male or female, experienced in business or straight out of school.

To apply to the program, visit www.startout.org/smart-application. The deadline for applications is February 17, 2013.

About StartOut
Founded in 2009 with chapters in New York City, San Francisco, and Austin StartOut is a national non-profit 501(c)(3) organization dedicated to fostering and developing entrepreneurship in the lesbian, gay, bisexual and transgender (“LGBT”) community. It helps aspiring entrepreneurs to start new companies, helps current entrepreneurs to grow and expand their businesses, and engages successful LGBT entrepreneurs as role models and mentors for up-and-coming entrepreneurs. StartOut’s’ goals are to educate, inspire, and assist members of the LGBT community around entrepreneurship. For more information, visit http://www.startout.org.

About The Founder Institute
The Founder Institute (http://fi.co) is an early-stage startup accelerator and global launch network that helps entrepreneurs create meaningful and enduring technology companies. Through a part-time four-month program, existing and prospective founders can launch their dream company with expert training, feedback, and support from experienced startup CEOs – while not being required to quit their day job. Their unique Graduate Liquidity Pool also enables graduates and mentors to share in the equity upside of each class, creating local, teamwork-based ecosystems where great new businesses can flourish.
In just over three years of operation, The Founder Institute has helped launch over 675 companies across 39 cities and 5 continents – making FI the world’s largest startup accelerator. Their goal is to “Globalize Silicon Valley” by launching 1,000 meaningful and enduring technology companies per.

Contact: Tony Moraga – tony.moraga@startout.org

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