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Startup incubator, TheFunded has initiated a new program called The Founder Institute to help startups. The institute is open for registration of startups, which closes on 10 May, 2009. The idea is to bring both founders and mentors together and establish a long term relationship. The institute has recruited CEOs of 25 startups to help founders and provide tips on how to build an effective startup. The working is also different from the rest of the incubators given that it is founder centric with a clear objective of sharing the upside from al participating founders and mentors. Such initiatives do help make things better and not to forget that a good startup has the potential to have a very positive impact on the economy, opening new horizons and providing more opportunities in the Web sphere. You can apply here if you are a CEO of a startup and interested in being a Mentor.