YEREVAN, August 16, /ARKA/. Startup Institute, a Boston-based training center, closed its Chicago location a year ago and is taking its curriculum to Belgium and Armenia, bostonglobe.com, said.

It quoted Startup Institute CEO DiTieri as saying that this will be the first of many such corporate partnerships through a licensing deal instead. He said Microsoft will pay for the rights to use the institute’s training program for the tech giant’s Innovation Centers in those two countries. 

 “If we want to expand and grow beyond Boston and New York and help people get access into the tech ecosystem in the digital economy, this is probably the most efficient way for us to do it,” DiTieri said. “This kind of model allows us to go to all those places and start training those folks just like we do here in Boston, without having to raise millions of dollars.”

One of DiTieri’s main goals is to develop a sustainable business model for the institute, a for-profit venture backed by Silicon Valley Bank, the local VC firm Accomplice, and angel investor Walt Winshall.

Also this year, his team launched a program for part-time students and ushered in a new system in which employers pay tuition for certain workers. The participants include Gillette, John Hancock, and Harvard University. -0-

11:31 16.08.2017