London-based global talent investor and accelerator, Entrepreneur First (EF), is set to foray into India by setting up its headquarters in Bengaluru. This will be its sixth global base. The startup accelerator focuses its investment on deep tech startups. It has announced a cohort of 50 founders as a part of its Entrepreneur First program modelled to invest in outstanding early-stage companies.
The accelerator will be led by Esha Tiwari for its India operation as general manager. Esha has completed her Computer Science and Engineering degree from Indian Institute of Technology, Kanpur and MBA from Harvard Business School. Earlier she worked with Cloud9, a software company owned by Amazon. Prior to that, she worked with Myntra and GSF Accelerator.
“We are very ambitious about the Indian market and can foresee this becoming one of the largest global plays for EF,” company statement cited Entrepreneur First co-founder Matt Clifford.
The London-based accelerator will focus on deep tech companies in the field of Artificial Intelligence, Quantum Computing, Augmented Reality, Virtual Reality and Robotics. During the three months program, the selected startups will be developing ideas and products. In July this year, they will pitch to regional and global investors at Investor Demo Day in Asia.
“India has a unique startup ecosystem. It’s got its own unique entrepreneurship journey. We are at the very important cusp of that journey. And, EF is going to play a significant role in shaping how people form multi-billion dollar companies in the country,’ Tiwari said in an interview.
Founded by Matt Clifford and Alice Bentinck, Entrepreneur First helps startups develop the idea and create high-growth tech companies from scratch. The accelerator invites applications every year for two cohorts and selected companies receive funds and are also showcased to a large investor community.
With a presence in London, Paris, Berlin, Singapore and Hong Kong, Entrepreneur First has helped over 1,200 entrepreneurs build 200 companies with a combined valuation of more than ₹10,000 crores (almost $1.5 billion).