Now in midsummer week starts a new cohort of the global entrepreneur program Founder.org, which helps student entrepreneurs grow. 40 selected teams from 28 universities have come to KTH is hosting the event. Also present Founder.orgs founder Michael Baum, who has extensive experience as a serial entrepreneur and venture capitalist. He says that many students are eager to start the company, but few get to the shot.
– They have no money, you know not how to recruit, build business plans and finance companies. And many wonder if they really have the qualities needed to succeed. All that we can help with, he said.
The one-year program is based on eight different stages: from concept to funding. Much focus is on recruiting people with different knowledge, background and characteristics.
– Build business is a team sport. The more diversity, the stronger team, says Michael Baum.
The business model weighs heavily.
– It is not enough to have a disruptive product, you must have a disruptive business model too. Just look at the growing sharing economy, says Michael Baum.
He thinks that Sweden and Stockholm have many exciting young technology companies, not least in 3D and virtual reality VR. One example is the KTH spin-off Manomotion, one of two Swedish companies that found a place in this year’s program. The company develops software that analyzes the hand movements in a 3D environment. It can be used in a computer game to grab a virtual ball in the empty air.
CEO Daniel Carlman has high hopes for entrepreneurial program.
– This is a great opportunity to get access to all this knowledge of how to quickly and effectively develop his company, he says .
The second Swedish company involved is peercast, which also has roots at KTH. The Company develops technologies that enable real-time streaming video to friends and acquaintances. Here you can read about all of the 40 companies selected
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