How many people would pay an application fee for such a program? Founders Institute application fee is $50.00
Note: I am considering applying for my start-up.
It surely is a way to discourage people that aren't serious about their business plan. However, my instinctual response is: No.
I'm against entrepreneurs paying for anything like this, BUT I can understand how it might be a basic litmus test for who is serious and not. $50 isn't a ton. One option might be to refund the money if accepted.