Founder Institute opens Summer 2012 applications in Singapore

Founder Institute Singapore is back for another run again.

To qualify, applicants must be passionate about building a technology company, regardless of whether they have started their enterprise.

The program supports a wide range of technology industries: Digital media, software, biotech, cleantech, ecommerce, advertising, consumer electronics, and more.

The Founder Institute is a pre-idea startup program where people with entrepreneurial traits are selected to attend (more stories on FI here). Applicants do not need to have an idea or a startup initially to get in.

Applicants will be invited to take a Predictive Admissions Test, which aims to identify entrepreneurial traits. If accepted, Singapore citizens and permanent residents will pay a subsidized course fee of S$600 (US$475).

Foreigners have to fork out the full amount, but the Institute will be giving out five scholarships worth S$500 each (US$400).

FI was set up by Adeo Ressi, who’s also the founder of TheFunded.com, an infomation site on fundraising.

Previously only available in the US, FI has expanded its program internationally in collaboration with local partners. The man who started the Singapore Chapter is Jeffrey Paine, who is also a full-time mentor at Golden Gate Ventures, a Silicon Valley linked incubator.

Deadline for application is 8th April, 2012. The program will start from 27th May and last until 16th August 2012. Promising entrepreneurs will be introduced to investors who may potentially fund the company.

To apply, click here.