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Entrepreneur First

Also known as EF, Entrepreneurs First

Incubator London, United Kingdom Since 2011 joinef.com

Investment$125Kfor 8% equity
Credits and perksUp to $600KMaximum across tiers
Program length—
Companies supported600as of 2025

Overview

Talent-investing program that recruits technical individuals before they have a co-founder or idea. It helps them find co-founders and form companies, then invests in the teams that pass its investment committee. It runs from London, Paris, Bangalore and San Francisco and ends with a Demo Day in San Francisco. More than 600 companies have come out of it.

What startups get

An equity-free stipend during the co-founder-matching phase. Once a company forms: US$125K on a post-money SAFE for 8%, plus an optional US$125K uncapped MFN SAFE. Follow-on capacity up to US$5M, over US$600K in credits (Azure, OpenAI, Anthropic and others) and office space.

Details

Type
Incubator
Headquarters
London, United Kingdom
Runs in
London, Paris, Bangalore, San Francisco
Format
Cohort-based, in person
Who can apply
Individuals with strong technical or domain track records; no team or idea needed
Standard terms
$125K for 8%
Stages
Pre-seed
Sectors
AI, deep tech, enterprise software, fintech
Started
2011
Status
Active
Website
joinef.com

Venture funds

Entrepreneur First also invests through venture funds managed by Entrepreneur First.

Notable alumni

About this data

Compiled from the program’s website, announcements, and press reports as of October 9, 2026. Terms, credits, and eligibility change between cohorts; confirm them with the program before applying. Alumni are examples, not a complete list.

  1. joinef.com
  2. en.wikipedia.org/wiki/Entrepreneurs_First