Preparing to Apply
Is EF still funding individuals during the COVID-19 crisis?
Yes we are. There will be no changes to the financial support we provide during the programme or our investment terms. This also applies to our joint hardware partnership with HAX.
We’ll fund you as an individual from Day 1, and if you form a company, we are your first investor. To start we will pay you £2,000 per month in London / S$5,000 per a month in Singapore or equivalent in Bangalore / €2,000 a month in Berlin or Paris for 3 months during Form. If you leave Entrepreneur First at the end of Form or Launch the stipend is yours to keep. Check out how the programme works here.
Will there be any changes to the start dates of the EF programmes worldwide?
There will be no changes to any of our programme start dates. Our next cohorts in Asia (Singapore & Bangalore) will start on the 3rd of August 2020, and our European & North American cohorts (London, Berlin, Paris & Toronto) and will commence on the 28th of September 2020. Everything you need to know about application deadlines, cohort start dates, and how to apply, can be found here.
How are you conducting your interview process?
All interviews are currently taking place via video call. If your application is progressed to the interview stage, you will have two interviews; one focused on Ability (what are your skills and expertise? What are you uniquely positioned to do?), and one on Behaviour.(what actions have you taken in the past that display the traits we see in our most successful founders?). Each of these interviews will last approximately 30 minutes.
Can I apply for other EF locations, since the programme is now remote & given travel restrictions?
We still recommend that you apply to the cohort located nearest to you, or where you have an existing connection. If travel restrictions prevent you from relocating before the programme starts, you will be able to take part remotely, but will be expected to relocate when travel restrictions are lifted.
Do I need to live in the EF location in which I will do the programme?
Yes. However, if you need to relocate to take part in the programme, and this is no longer feasible, you can take part remotely, provided you would be able to relocate once travel restrictions are lifted.
Can I defer to a subsequent cohort when the COVID-19 situation improves?
No, we typically do not defer offers or applications. There are two reasons for this; one is that each cohort is carefully composed based on the backgrounds and skills of the strongest applicants we meet during the selection process for a cohort – this means we can optimise for strong co-founder combinations. The second is that we believe in urgency and not delaying building the company you believe should exist. COVID-19 doesn’t change that.
Is this a good time to start a company?
We have no doubt that important companies will be built during this time. Some of the most iconic companies in the world were created during our last economic downturn, including Uber, WhatsApp, Slack, Venmo and Taobao. With these new constraints, comes a huge opportunity for innovation.
We know we’re facing challenging and uncertain times, and we’re here provide you with as much help as possible. Entrepreneur First exists to remove a lot of the barriers that aspiring founders face. We provide a monthly stipend from day one, so you’re financially supported from the start. We’ll help you meet a co-founder, develop an idea, and build your startup from scratch. We’ve helped over 2000 individuals become founders, so we’re well-equipped to support you in this journey. You’ll receive support from our global alumni community, and will benefit from our valuable network of investors.