With Extreme Venture Partners funded BumpTop selling to Google for an estimated $35 Million last week, this summer's second iteration of Extreme University is bound to be popular.
The 2010 Class of Extreme University in Toronto, which is essentially an incubator following the proven Y Combinator model, will be led again by Farhan Thawar, Dean of ExtremeU. Thawar has over 11 years experience in the technology sector and is currently the VP Engineering at Xtreme Labs. Here are the details:
What: A summer technology start-up program that focuses on industry networking, technology mentoring and above all delivering a product to potential follow-on funders after only 12 weeks.
Who: We are looking for four smart and fast moving teams to participate. Typically all members of the two-three person team will be deep technically, but at least one of the founders should have a technical background.
How: After you apply and are accepted you will:
- Get $5,000 (US) per founder in exchange for a 10% ownership stake in your company
- Move your team to our shared ExtremeU office space at Yonge & King (downtown Toronto)
- Have weekly mentoring sessions by industry experts in technology, funding, legal, PR, marketing and HR
- Meet a who’s who of experts at our weekly socials and have an opportunity to practice your pitch and demo your in-progress prototype
- Have access to local shared resources to accelerate product development (mentors, servers)
When: Applications are due by Friday June 12th, 2010. The program starts Monday June 22nd, 2010 to Friday September 4th, 2010 at the ExtremeU offices in Toronto at Yonge and King. The final demo day will be Tuesday September 15th, 2010 at Democamp.