We run programs in our four hub cities across North America, Europe and Asia.

Do I need a visa?

You may need a visa to relocate to Bangalore.

In many circumstances, we can offer support to help you apply for a visa, if required. However it is dependent on your circumstance and background.

Do I need to relocate to Bangalore?

Yes, people we select relocate to join us from all over the world.  Our programs are run in person at our office in Bangalore. 

There’s no commitment to stay in Bangalore after the program.

What financial support do I receive on the program?

Upon joining the program*, you will receive an INR300,000 advance of our pre-seed investment in your company. 

You can use this money towards your living costs or any company costs during Form. If you later don’t form a company or we choose not to invest further, we don’t take any equity and you don’t owe us anything.

*Subject to you completing all required KYC screenings and, if applicable, having obtained the appropriate visa to attend the full program.

What are the investment terms?

The investment is a net amount of US$125,000 via an issue of compulsorily convertible preference shares equivalent to an 8% shareholding in your company on a fully diluted basis. This is in addition to the INR300,000 advance you will receive upon joining the program.

Investment decisions are made at Investment Committee, which takes place at the end of Form, the first twelve weeks of the program. Those companies that are successful at Investment Committee continue their journey with EF through Launch, our program designed to help you secure your seed round.

Do I get taxed on the pre-seed advance?

Entrepreneur First pays out the advance gross of tax, meaning the full amount will hit your bank account. This is part of our potential investment in your company and is not to be treated as salary or employment income. We cannot give you tax advice, but it is your duty to make any relevant disclosures in your personal tax return (if required).

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