First cheques reach USD 250,000 and are bought with equity, which is a large first investment and a correspondingly large piece of the company.
Entrepreneur First backs individuals rather than companies. Someone accepted arrives alone, and the roughly six months that follow are spent forming a team, choosing what to work on, and reaching an investment decision. The bias is towards AI and deep tech.
London is the European base. Admissions run on a rolling basis rather than to a single deadline, with cohort intakes roughly twice a year.
What it actually costs you
Entrepreneur First invests in individuals rather than companies, bringing talent to London and supporting them through roughly six months of team formation, focus and an investment decision. First cheques reach up to USD 250,000 and are taken in exchange for equity. The programme leans towards AI and deep tech, and admissions run on a rolling basis rather than by fixed cohort.