New Entrepreneurs Foundation
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| formation = {{start date and age|2010|01|01}}
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| type = Nonprofit organisation, Registered UK Charity No. 1140102{{Cite web|url=http://apps.charitycommission.gov.uk/Showcharity/RegisterOfCharities/CharityWithPartB.aspx?RegisteredCharityNumber=1140102&SubsidiaryNumber=0|title=Charity overview|access-date=2016-07-28}} Company No. 07469562{{Cite web|url=https://beta.companieshouse.gov.uk/company/07469562|title=THE NEW ENTREPRENEURS FOUNDATION - Overview (free company information from Companies House)|website=beta.companieshouse.gov.uk|access-date=2016-07-28}}
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| location = London, United Kingdom
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| services = Entrepreneurship training
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New Entrepreneurs Foundation (NEF), founded in 2010, is a London-based nonprofit organization that runs development programmes for aspiring entrepreneurs. The Centre for Entrepreneurs (CFE) is the UK’s leading entrepreneurship foundation. Their aim is to make the country more entrepreneurial.{{Cite web|url=http://www.newentrepreneursfoundation.com|title=New Entrepreneurs Foundation|website=New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
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.{{Cite web|url=http://newentrepreneursfoundation.com/about-us-our-vision/|title=About Us - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
In 2013, the organisation launched a guide for social entrepreneurs.{{Cite web|url=https://www.theguardian.com/social-enterprise-network/2013/dec/19/new-guide-tips-advice-social-entrepreneur|title = How to get ahead ... As a social entrepreneur| website=TheGuardian.com |date = 19 December 2013}}
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.{{Cite news|url=https://www.thetimes.com/article/oligarch-s-helping-hand-for-the-next-generation-bvpq20d9m|title = Oligarch's helping hand for the next generation|last1 = Walsh|first1 = Dominic}}
Organisation
NEF solely focuses on the entrepreneurial potential of its intake rather than existing venture ideas.{{Cite web|url=http://newentrepreneursfoundation.com/programme-explained/what-we-look-for/|title=What we look for - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}} 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.{{Cite web|url=http://newentrepreneursfoundation.com/our-sponsors/|title=Our sponsors - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
Based in London the organisation's direction is decided by a Board of Trustees{{Cite web|url=http://newentrepreneursfoundation.com/about-us-our-vision/our-leadership/|title=Our leadership - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}} and CEO Neeta Patel.{{Cite web|url=http://newentrepreneursfoundation.com/about-us-our-vision/executive-team/|title=Executive team - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
Courses
The NEF runs a yearly programme with up to fifty candidates. The candidates project can be anywhere from the ideas stage to running a venture full-time.{{cite web|url=http://studenttimes.org/article/news/graduate-news/forty-aspiring-entrepreneurs-be-selected-new-entrepreneur-training#.V56M66Ky47E|title=Forty Aspiring Entrepreneurs To Be Selected For New Entrepreneur Training Programme - Student Times|publisher=|accessdate=31 July 2016}}{{Cite web|url=http://newentrepreneursfoundation.com/meet-class-of-2015/meet-our-alumni/|title=Meet our alumni - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}{{Cite web|url=http://newentrepreneursfoundation.com/programme-explained/faq/|title=FAQs - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
The course has several components including:{{Cite web|url=http://newentrepreneursfoundation.com/programme-explained/|title=What is the NEF Programme? - The New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
- Paid Work Placement - placements with start-ups such as Secret Escapes, Uber and E-Leather.{{cite web|url=http://startups.co.uk/new-entrepreneurs-foundation-hunt-young-entrepreneurs-tomorrow/|title=New Entrepreneurs Foundation on hunt for 'young entrepreneurs of tomorrow' - Startups.co.uk: Starting a business advice and business ideas|publisher=|accessdate=31 July 2016}}
- Learning and Development Workshops - 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.
- Speaker Series - Past speakers include Dido Harding (CEO, Talk Talk), Gerry Murphy,{{Cite web|url=https://www.blackstone.com/the-firm/our-people/person?person=1000602|title=Gerry Murphy|website=www.blackstone.com|access-date=2016-07-28}} (Chairman, Blackstone), Dr. Hermann Hauser CBE (co-founder, Amadeus Capital Partners{{Cite web|url=http://www.amadeuscapital.com/|title=Home page - Amadeus Capital|website=Amadeus Capital|language=en-GB|access-date=2016-07-28}}), Lara Morgan (co-founder, StartUp Britain), Brett Akker (founder, Streetcar, now Zipcar) and Marcia Kilgore (founder, Bliss, FitFlop & the Soap & Glory range{{Cite web|url=https://uk.linkedin.com/in/marcia-kilgore-15a3646|title=Marcia Kilgore {{!}} LinkedIn|website=uk.linkedin.com|access-date=2016-07-28}})
- Coaching - an executive coach to help with personal development.{{Cite web|url=http://newentrepreneursfoundation.com/programme-explained/coaches/|title=Coaches - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
- Mentorship - a business mentor from a specific industry.{{Cite web|url=http://newentrepreneursfoundation.com/programme-explained/mentors/|title=Business Mentors for Entrepreneurs|language=en-US|access-date=2016-07-28}}
Each June the current cohort and alumni pitch their business ventures to a panel of investors.{{Cite web|url=http://us2.campaign-archive2.com/?u=a848bbe94ddea0cc8e6d81ea0&id=81f1eabca0&e=%255BUNIQID%255D|title=NEF Celebrates 5 Years of Developing Entrepreneurs|website=us2.campaign-archive2.com|access-date=2016-07-28}}
Business
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.{{Cite web|url=http://newentrepreneursfoundation.com/about-us-our-vision/what-we-have-achieved/|title=What we have achieved - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}}
Compared to March 2022, the founders NEF and Alumni have gone on to create over 200 live businesses, 5,000 jobs, raise £221m in early-stage funding and now have a collective valuation of £630m.
Among these businesses{{Cite web|url=http://newentrepreneursfoundation.com/meet-class-of-2015/nef-ventures/|title=NEF Ventures - New Entrepreneurs Foundation|language=en-US|access-date=2016-07-28}} are Inkpact,{{Cite web|url=http://www.inkpact.com|title=Personalised Communication {{!}} Inkpact.com {{!}} Improved Marketing|website=www.inkpact.com|access-date=2016-07-28}} Pollen8,{{Cite web|url=http://pollen8.io/|title=pollen8 - Work done better together|website=pollen8.io|access-date=2016-07-28}} Plus44 Holdings (whose primary product is Sliide App),{{Cite web|url=https://sliideairtime.ng/|title=Sliide Airtime|website=sliideairtime.ng|access-date=2016-07-28}} Stand4Socks,{{Cite web|url=http://www.stand4socks.com/|title=Stand4 Socks - Socks for Social Causes - StandOut Stand4!|website=Stand4Socks|access-date=2016-07-28}} Krzana,{{Cite web|url=http://www.krzana.com/|archive-url=https://web.archive.org/web/20150419234548/http://krzana.com/|url-status=usurped|archive-date=April 19, 2015|title=Krzana - The Real-Time Search Engine|website=www.krzana.com|access-date=2016-07-28}} Wiser,{{Cite web|url=https://wearewiser.com/|title=Wiser|website=wearewiser.com|access-date=2016-07-28}} Sideways6,{{Cite web|url=http://www.sideways6.com|title=Sideways 6 – Crowdsourcing Employee Ideas with Office 365 and Yammer|website=www.sideways6.com|access-date=2016-07-28}} Turn Partners{{Cite web|url=http://www.turnpartners.com|title=Turn Partners|website=www.turnpartners.com|access-date=2016-07-28}} and CharlieHR.{{Cite web|url=https://www.charliehr.com/|title=Charlie – The free HR platform for startups|website=www.charliehr.com|access-date=2016-07-28}}