YCombinator’s YC Fellowship will give $12K to people with big ideas

Jul20

by Sindy Cator on July 20, 2015 at 6:29 pm

Before companies can become companies, they start out as ideas. YCombinator President Sam Altman said in a blog post today that the fund is now looking to help people with great concepts get to the point where they finally become real businesses. That experiment is the YC Fellowship program, which will offer a $12,000 grant — not a traditional investment like the way YC handles its semi-annual batches — to qualified teams who apply. Altman said these fellows will have access to some YC resources, and a dedicated partner that will handle office hours. Fellows will have a much lighter-weight program, but in exchange will…