The Silicon Review ^Asia

The company builder – Entrepreneur First has plans on building a deep tech venture in India. The earmark is said to be about $20 million and is expected to run for the next three years. A top company executive said that the company is surely planning something big for the upcoming years.

Entrepreneur First Founded in 2011 by Matt Clifford and Alice Bentinck is currently helping pre-idea or pre-founder startups to find the right teams and co-founders. Also, the company refines ideas and raises funds from local and global investors.

The company now has launched a six-month programme in Bengaluru to help build 50 deep-tech startups focusing on segments. These verticals are artificial intelligence, machine learning and robotics. Along with a few other tech-focused consumer companies it is expected to be a really huge thing in the market. 

“We will roughly invest $20 million in India over the next three years just on the stipends and initial investment. But we could invest many millions more in the next stage of the investment and there is no geographical limit on that,” said Clifford in a telephone interview.

Around $55,000 will initially take place in the startups during its biannual programme. In India graduates do not initiate a startup since there is no room or opportunity provided to them. Not to mention the fact that the lack of investors is also a reason.According to reports, even if an individual wants to start a company, it won’t be possible because of the high control that few high power entities have over the industry. Let’s see if this new move of Entrepreneur First helps the highly talented Indian entrepreneurs.