Posts Tagged ‘Incubators’

Foundry Utah

October 3rd, 2011

A quick shout out to a great organization that helped me find my path and start the journey of entrepreneurship. The Foundry is technically an incubator program sponsored by the University of Utah. In reality, it was and still is a community of like-minded people interested in figuring out how to start a company with nothing but a whiteboard and a few documents. A little MacGyverish sounding but having been part of its creation it definitely had that feel of finding a way to get something done with what you had and expecting it to work.

They’ve been running in semi-stealth mode for well over a year (here is the post I wrote in May 2010 when I joined the Foundry) but have finally put up a website to interact¬† with the outside world since the world kept asking how to find them. I guess in that way it was a little more A-Teamish. It is a unique program that focuses not on building a business but on building the entrepreneur and letting them build the businesses. The businesses themselves vary in industry and success but the end result is more lifetime entrepreneurs and game changers. Not a bad place to spend a few months. If you are interested in keeping an eye on their mayhem sign-up for their newsletter.

Start up Follow up

May 12th, 2010
I’ve been meaning to sit down and write a bunch of blog posts regarding events and thoughts the past few days.
So I’ll start with a follow up on an earlier post about the new incubator program called Boom Startup. They announced the 10 teams that will spend the next few months working to launch companies and get ready for an Investor Day.
So here are the 10 lucky winners:
  1. 3 Point Data-Delivers data that decision makers need
  2. Bazari-Text messaging based ecommerce that will service rural India
  3. lawyers paperless
  4. Fashion Genome Project-Aggregate fashion trends, preferences, sizing info for individuals
  5. iActionable-Customizable virtual reward systems
  6. Khumbu-Virtual loyalty cards using cell phones
  7. Mashworx-Create your own web experience
  8. No Ink Publishing-DIY publishing for iPad content with the initial focus on the children’s books
  9. O-codes-Text messaging based codes that allow consumers¬†to access online when they’re offline
  10. Voycit-Political, social networking platform

As a result of Boom Startup’s program parameters another program emerged to meet the needs of non-tech, student-lead teams with business ideas. It doesn’t provide money to participate but then again they don’t take any equity.

The Foundry is a peer-driven program that has assembled 16 teams (42 people) from several of the universities throughout the state of Utah. It is a true incubator that is focused firstly on growing the individual rather than growing the company. Kind of like a Dead Poet’s Society/Fight Club/Justice League/Bad News Bears thing.

The Foundry is part of the U-Spark initiative at the University of Utah to reinvent entrepreneurial education. It will be fun to follow these two program this summer.

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