Founder Academy

Last updated 7 months ago

Founder Academy received a $32,530 grant to administer incubator programs for startup companies and host mentorship and networking events for the startup community.

Key Accomplishments
Performance Metrics
Assessment
  • News of their receipt of RAILS grant funding spread and they were able to gain interest in future cohorts more widely including a startup from Canada.

  • Held recruiting events for their upcoming cohort.

  • Hosted events for the startup community at Hacker Lab and Hot Italian as well as Office Hours for mentor matching.

  • Began online course development.

  • Partnered with the Agtech Innovation Alliance (AgStart) to produce 4 business classes for AgTech companies.

November 2016

November 2017

Number of startups mentored

4

9

Number of program participants (founders and mentors)

23

60

Curriculum: Number of classes produced

4

12

Founder Academy seems to have made the least progress with their grant funding of the RAILS grantees. None of the grant funding was spent until the 4th quarter and only $32,530 of the $50,000 originally awarded was spent with the remaining balance retained by the City. Space seemed to be a limiting factor and kept Founder Academy from housing the planned incubator program, although the organization believes that Sacramento needs a higher volume of quality startup companies to adequately serve the local market.