Finalized startups from EF Bangalore will pitch to well-recognized regional and global investors at Investor Demo Day in Asia this July.
The UK based global talent investor,Entrepreneur First (EF), has entered India with $25 million to promote tech startups in the country.It has also announced its first-ever Indian cohort of 50 founders who were selected from a pool of 900 applicants.
Of the selected cohort 30 per cent are PhDs across various science and technology streams like aerospace, neuroscience, machine learning, electrical engineering etc. EF has a unique model of selecting individuals who could be strong founders and helping them find co-founders, work on ideas and build startups.Each cohort member will be paid a monthly stipend of $2000 during the process of finding a co-founder and developing startup ideas in the first three months.
Esha Tiwary, General Manager of Entrepreneur First in India has commented that they have remarkable talent available in India. Through Entrepreneur First, they are trying to change the narrative for ambitious people in India who have thus far hesitated to start companies due to several reasons such as lack of a co-founder, no big idea, job security.
More about Entrepreneur First
As per information,EF will invest in each of the companies developed during its bi-annual Bangalore programme that clear the Investment Committee.
It focuses on deep tech companies that build on defensible technologies such as artificial intelligence, quantum computing, AR/VR, bobotics etc.
Finalized startups from EF Bangalore will pitch to well-recognized regional and global investors at Investor Demo Day in Asia this July. Also introduce will be startup counterparts from EF’s Hong Kong and Singapore programmes.