The University of Oxford has joined Founder.org, the global student entrepreneur investor and company building programme.
Founder.org is a global non-profit started in 2012 by serial Silicon Valley entrepreneur and former venture capitalist Michael Baum.
In 2014, 12 European Universities were chosen as partner schools, based on the resources available to students wanting to start a business. The University of Oxford is now the latest university to become a partner school.
“Founder.org’s programme is complimentary to our entrepreneurship courses as it gives the students access to its '8 dimensions' company building programme, which cover the priority areas for developing a sustainable, fast growing company.” said James May, president of Oxford Entrepreneurs.
Oxford student entrepreneurs will be seeking to be taken on by the annual Founder.org company building programme. A shortlist will be drawn up and in June this year Founder.org will select 50 teams to join its Class of 2016.
Teams accepted into the programme receive up to $100,000 (£62,000) in grant money, one on one coaching by successful Silicon Valley entrepreneurs, plus a dedicated executive mentor for 12 months. Founder.org also leads Seed and Series A investment rounds in student companies from its partner schools, and has already invested in a broad range of industries, technologies and geographies.
UK start-ups currently in the programme include Skin Analytics, a startup founded in Cambridge enabling people to self-diagnose cancerous moles early; Eddy Labs, established by Imperial College students to manufacture smart home devices; Restored Hearing, which uses physics to provide simple solutions to hearing problems; and bio-bean, founded by UCL graduate Arthur Kay to collect waste coffee grounds and recycle them into bio-fuels.
After a visit to the University of Oxford this week, Baum will be visiting University College London and Imperial College for a joint event on 5 February.