10 teams from 2016 intake win $100,000 each in seed funding at the World FOUNDER Forum in Stockholm
World Founder Forum, The Royal Institute of Technology, Stockholm, 15th June, 2015 — FOUNDER.org, the global investor in young innovators and company building program, today announced awards ranging from $10k to $100k to 40 new young teams from around the World.
Each year FOUNDER.org selects teams with big ideas from universities in North America and Europe to join its company building program. The World Founder Forum is an international event bringing together alumni and new teams joining FOUNDER.org to kick off the annual 8D© Company Building Program for the incoming Class of 2016 teams and marks the completion of the program for the Class of 2015.
“We are very proud to be one of the few FOUNDER.org partner schools and to welcome the World Founder Forum at KTH this year. The three teams graduating this year have benefitted enormously from the wealth of experience and the network that FOUNDER.org has provided,” explains Lisa Ericsson, Head of KTH Innovation.
The Class of 2016 hail from 45 Universities, 9 countries and more than 20 different industries including space technology, life sciences, mass customization, agriculture 2.0, industrial sensors, robotics, digital health and genomics.
The top ten teams to have been awarded $100k are:
Akanocure Pharmaceuticals: Nature inspired cancer therapies (Purdue University)
AlphaSheets: Cloud-based financial modelling (MIT)
Audacy Corporation: Space-based Internet (Stanford University)
Building Radar: Geo-opportunity analysis (Center for Digital Technology Management, Munich and London School of Economics)
Civil Maps: Intelligent big data driven maps (University of California Berkeley)
Dramatize: Streaming Bollywood worldwide (Harvard Business School)
ICEYE: Radar-based satellite imaging service (Aalto University)
LocoRobo Innovations Inc: Learning programming through robotics (Drexel University)
SUN Bioscience: Organoids as a service (Ecole Polytechnique Fédérale de Lausanne)
Symbio Robotics: Software for industrial robotics (University of California Berkeley, University of Southern California)
Cisco, attending the World Founder Forum this year, has also generously
announced four FOUNDER.org teams $50k each in awards. The teams are:
- Biocarbon Engineering: Industrial scale reforestation (University of Oxford)
- BioInspira: Airborne chemical detection (University of California Berkeley)
- Cambridge Bio-Augmentation: Platform for interactive prosthesis (University of Cambridge)
- Rorus Inc.: Water purifiers for natural disaster relief (Carnegie Mellon)
Piotr Pluta, Senior Manager of Corporate Affairs in Europe for CISCO says: “Entrepreneurship is vital for capturing opportunities brought by Internet of Everything to society and the economy. Cisco Corporate Social Responsibility programs support young entrepreneurs around the globe and therefore we are pleased to provide four FOUNDER.org teams with grants to enable them to kick start their companies.”
The remaining teams in the third-year class each receive $10k each. For a full list of the 40 teams, please visit www.founder.org
The Royal Institute of Technology (Swedish: Kungliga Tekniska högskolan, abbreviated KTH) was founded in 1827 as Sweden’s first polytechnic and is one of Scandinavia’s largest institutions of higher education in technology. KTH accounts for one-third of Sweden’s technical research and engineering education capacity at university level. KTH offers programmes leading to a Master of Architecture, Master of Science in Engineering, Bachelor of Science in Engineering, Bachelor of Science, Master of Science, licentiate or doctoral degree. The university also offers a technical preparatory programme for non-scientists and further education. There are a total of just over 14 000 full-year equivalent undergraduate students, more than 1700 active postgraduate students and 4600 full-time-equivalent employees. KTH is one of the leading technical universities in Europe and highly respected worldwide, especially in the domains of technology and natural sciences.
FOUNDER.org is a startup investor and company-building program for courageous young entrepreneurs who are solving the planet’s biggest problems. The extensive 8D© Company Building Program introduces new founders to the Silicon Valley way of building a high impact company and establishes the foundation for hypergrowth. FOUNDER.org also provides the funding that teams need to get started, investing directly in companies from partner schools in nine different countries. FOUNDER.org was started by a team of serial Silicon Valley entrepreneurs who have built billion dollar companies and are now working with the next generation of courageous young innovators to help them alter the future and transform our world in profoundly positive ways.
Learn more at www.founder.org.
Martha de Monclin
+44 (0)777 168 2434
+33 (0)695 34 00 44
+1 (925) 899-5512
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