Skip links

Silicon Valley-based Founder Institute Launches Pre-Seed Startup Accelerator in Mongolia

March 18, 2021

Online program aims to help build 20 promising technology companies per year in Mongolia

The Founder Institute (, the world’s largest pre-seed accelerator, announced today that it is officially launching its newest chapter in Mongolia. Based in Silicon Valley and with chapters across 200+ cities, the Founder Institute provides high-potential entrepreneurs and teams with the devoted support network and structured growth process needed to get to traction and funding. Any aspiring entrepreneur or team interested in building an enduring technology in Mongolia is invited to apply to the Mongolia Virtual 2021 Founder Institute at

In an effort to ensure the health and safety of the program’s mentors, partners, and participants, this Founder Institute cohort will be held completely online, allowing anyone to build a business alongside some of Mongolia’s top entrepreneurs and investors from the comfort of home. The Mongolia Virtual 2021 Founder Institute will also host a series of free online startup events, where attendees can learn how to build a company and learn more about the program. See the full list of events at

Leading the efforts to launch the Founder Institute in Mongolia are local startup leaders Mergen Chuluun (Managing Partner, Exponential Partners), Gema Gerelsaikhan (Founding Partner, Exponential Partners), Azbayar Altangerel (CEO, SCC).

In addition, many of the region’s top startup investors, founders, and executives have expressed interest in mentoring entrepreneurs in the program:

  • Altanbagana Shiituu: CEO, Terra Express

  • Battushig Myanganbayar: Co-Founder & CTO, Matter Group

  • Bayarsaikhan Volodya: Founder, TomYo

  • Bilguun Turboli: CEO & Founder, Stora

  • Bilguun Dashdorj: CEO, POKKET

  • Bolor-Erdene (Obuna) Battsengel: Chairwoman, Communication and Information Technology Authority

  • Bolormaa Luvsandorj: Founder & Managing Partner, Mongolian Sustainable Development Partners

  • Byambajargal (Bimjaa) Ayushjav: Founder & CEO, Faro Education

  • Chinzorig Ganbold: CEO, Central Express CVS

  • Delgernaran Bayar: Strategy Advisor, Ad Dice

  • Eja Batbold: Co-Founder & CTO, TomYo

  • Enkhbat Dorjpalam: CEO, Unitel

  • Erdenebaatar Purevjav: Founder & CEO, Zeel

  • Gankhuyag Adilbish: Founder & Chairman, Premium Group

  • Hulan Dashdavaa: Executive Vice President, Tavan Bogd Group

  • Jargalsaikhan Dugar: Chairman, Gund Investment

  • Khaliunbat Myagmarjav: Founder and Chairman, Mongol iD

  • Mend-Orshikh Amartaivan: Co-founder & CEO, Erxes

  • Mendbayar Tseveen: Co-founder, Shoppy

  • Munkhjargal Otgon: CEO, Golomt Capital

  • Myagmarjav Ganbyamba: CEO, MCS Investment

  • Naranbat Nasanbat: Founder & CEO, Mongolian Aircraft Industries

  • Oko Davaasuren: Senior Director, Techstars

  • Otgonbat Sedbazar: Founder, Ottegen Holdings

  • Otgonbayar Namsraidorj: CEO, UB Cab

  • Shinezaya Batbold: CEO, Petrovis Venture Capital

  • Steve Potter: Managing Director, StarChase Automotive

  • Sukhdorj Avir: Founder and Chairman, GrapeCity Mongolia

  • Tengis Sukhee: Head of Secretariat, National Digital Development Committee of Mongolian Government

  • Tsengel Chimeddorj: CEO, Irbis Ventures

  • Tsevegmid Narmandakh: Managing Director, Mirae Asset Securities Mongolia

  • Tulga Gandavaa: Co-Founder & CEO, CallPro

The Founder Institute Mongolia Virtual 2021 pre-seed accelerator program begins on May 18, 2021, and aspiring and early-stage entrepreneurs looking to build solutions for the future will have the opportunity to:

  • Get constant feedback and regular office hours with 50+ Mongolia Mentors, investors, and entrepreneurs.

  • Make quick progress on their business using a proven, structured process to get to traction and funding that has helped alumni build great products and raise over $950M in funding.

  • Get fast-tracked to a suite of post-programs, including Funding Lab, to continue getting expert support for years to come.

  • Expand their support network to include startup founders, CEOs, and investors from the Founder Institute’s global network of 4,500+ alumni and 18,000+ mentors across 200+ cities


Anybody who is interested can apply to the Mongolia Virtual 2021 Founder Institute at, and those that apply by the Early Application Deadline (Apr 11, 2021) are eligible for reduced pricing.

Learn more about the Founder Institute at


About the Founder Institute

The Founder Institute ( is the world’s largest pre-seed startup accelerator. In the program, early-stage entrepreneurs and teams build their business alongside a critical support network of startup experts that share equity in their success, and through a structured and challenging business-building process that has helped alumni raise about $1 billion and graduating companies valuation reached over $30B. Leaders of the world’s fastest-growing startups have used the Founder Institute to raise funding, get into seed-accelerators, generate traction, recruit a team, build a product, transition from employee to entrepreneur, and more. Based in Silicon Valley and with chapters across 200 cities and 90 countries, the Founder Institute’s mission is to Globalize Silicon Valley and empower talented and motivated entrepreneurs to build companies that will create one million new jobs.

The Founder Institute was founded in 2009 by Adeo Ressi and Jonathan Greechan. It is operated out of Palo Alto, California.

Press Contact: Jonathan Greechan (