Mobstitute.

Now the epithet of academic school is often bestowed quite freely, when a few students have gathered around a teacher and talk, more or less successfully, in a similar style. But a real school is a mob with an institute.

Johan van Benthem: Suave Radicals. In: Maria Aloni, Michael Franke, and Floris Roelofsen (editors): The dynamic, inquisitive, and visionary life of ϕ, ?ϕ, and ◊ϕ (2013)