New Entrepreneurs Foundation
| Formation | January 1, 2010 |
|---|---|
| Type | Nonprofit organisation, Registered UK Charity No. 1140102[1] Company No. 07469562[2] |
| Location |
|
| Services | Entrepreneurship training |
New Entrepreneurs Foundation (NEF), founded in 2010, is a London-based nonprofit organization that runs development programmes for aspiring entrepreneurs.[3]
History
Founded in 2010 by Oliver Pawle, Dee Stirling, Sir Nigel Rudd and The Lord Davies of Abersoch CBE, the NEF was designed to support the next generation of UK entrepreneurs building new businesses.[4]
In 2013, the organisation launched a guide for social entrepreneurs.[5]
In 2017, it was announced a new organisation would be set up by NEF and The Centre for Entrepreneurs to work on long-term challenges to entrepreneurship in the United Kingdom. One million pounds was donated to the project by Mikhail Fridman.[6]
Organisation
NEF solely focuses on the entrepreneurial potential of its intake rather than existing venture ideas.[7] It does not require the contribution of equity from its participants’ ventures. It is entirely funded through corporate and individual sponsorship. See Sponsors and Funding for more information.[8]
Based in London the organisation's direction is decided by a Board of Trustees[9] and CEO Neeta Patel.[10]
Courses
Each year the NEF announces the start of the yearly programme[11] and from the applicants it selects a cohort of anywhere between 20 and 50[12] participants to take part and they can be at any stage from pre-ideation to running a venture full-time.[13]
The programme runs similar to an academic year, starting in September and concluding at the end of June with a graduation presentation. It is delivered in five main ways:[14]
1. Paid Work Placement - Candidates are placed with high-growth start-ups such as Secret Escapes, Uber and E-Leather.[15]
2. Learning and Development Workshops - Candidates attend training workshops provided in partnership with business schools, including UCL, London Business School and other specialist training providers. Workshops cover topics such as Negotiation, Web Development and Pitching.
3. Speaker Series - Events to which the participants and network are invited. Past speakers include Dido Harding (CEO, Talk Talk), Gerry Murphy,[16] (Chairman, Blackstone), Dr. Hermann Hauser CBE (co-founder, Amadeus Capital Partners[17]), Lara Morgan (co-founder, StartUp Britain), Brett Akker (founder, Streetcar, now Zipcar) and Marcia Kilgore (founder, Bliss, FitFlop & the Soap & Glory range[18])
4. Executive Coaching - Participants are allocated an executive coach to help them through their personal development[19]
5. Business Mentorship - Participants are matched with a business mentor with specific industry expertise.[20]
Three days in June are allocated for Pitch Days. These are full days during which the current cohort and alumni pitch their business ventures to a panel of investors.[21]
As of July 2016, NEF has developed 155 entrepreneurial ventures, of which 62 remain active, with more than £10m in investment raised and 650 jobs created.[22]
Among these businesses[23] are Inkpact,[24] Pollen8,[25] Plus44 Holdings (whose primary product is Sliide App),[26] Stand4Socks,[27] Krzana,[28] Wiser,[29] Sideways6,[30] Turn Partners[31] and CharlieHR.[32]
The Application Process
Applications are accepted every autumn, and candidates are selected after a series of stages, including interviews and tailored assessment centers. Upon selection, candidates join the cohort that commences the following autumn.[33]
See also
References
- ↑ "Charity overview". Retrieved 2016-07-28.
- ↑ "THE NEW ENTREPRENEURS FOUNDATION - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2016-07-28.
- ↑ "New Entrepreneurs Foundation". New Entrepreneurs Foundation. Retrieved 2016-07-28.
- ↑ "About Us - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ https://www.theguardian.com/social-enterprise-network/2013/dec/19/new-guide-tips-advice-social-entrepreneur
- ↑ https://www.thetimes.co.uk/article/oligarch-s-helping-hand-for-the-next-generation-bvpq20d9m
- ↑ "What we look for - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Our sponsors - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Our leadership - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Executive team - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Forty Aspiring Entrepreneurs To Be Selected For New Entrepreneur Training Programme - Student Times". Retrieved 31 July 2016.
- ↑ "Meet our alumni - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "FAQs - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "What is the NEF Programme? - The New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "New Entrepreneurs Foundation on hunt for 'young entrepreneurs of tomorrow' - Startups.co.uk: Starting a business advice and business ideas". Retrieved 31 July 2016.
- ↑ "Gerry Murphy". www.blackstone.com. Retrieved 2016-07-28.
- ↑ "Home page - Amadeus Capital". Amadeus Capital. Retrieved 2016-07-28.
- ↑ "Marcia Kilgore | LinkedIn". uk.linkedin.com. Retrieved 2016-07-28.
- ↑ "Coaches - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Business Mentors for Entrepreneurs". Retrieved 2016-07-28.
- ↑ "NEF Celebrates 5 Years of Developing Entrepreneurs". us2.campaign-archive2.com. Retrieved 2016-07-28.
- ↑ "What we have achieved - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "NEF Ventures - New Entrepreneurs Foundation". Retrieved 2016-07-28.
- ↑ "Personalised Communication | Inkpact.com | Improved Marketing". www.inkpact.com. Retrieved 2016-07-28.
- ↑ "pollen8 - Work done better together". pollen8.io. Retrieved 2016-07-28.
- ↑ "Sliide Airtime". sliideairtime.ng. Retrieved 2016-07-28.
- ↑ "Stand4 Socks - Socks for Social Causes - StandOut Stand4!". Stand4Socks. Retrieved 2016-07-28.
- ↑ "Krzana - The Real-Time Search Engine". www.krzana.com. Retrieved 2016-07-28.
- ↑ "Wiser". wearewiser.com. Retrieved 2016-07-28.
- ↑ "Sideways 6 – Crowdsourcing Employee Ideas with Office 365 and Yammer". www.sideways6.com. Retrieved 2016-07-28.
- ↑ "Turn Partners". www.turnpartners.com. Retrieved 2016-07-28.
- ↑ "Charlie – The free HR platform for startups". www.charliehr.com. Retrieved 2016-07-28.
- ↑ "Application process - New Entrepreneurs Foundation". Retrieved 2016-07-28.
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