Get to know your Entrepreneur Skills Index and benchmark your capabilities
X-Forces Enterprise (XFE), the UK’s leading provider of enterprise support to the armed forces community, is partnering with myNexus, the entrepreneurial smart-matching service, to accelerate innovation in entrepreneurship.
For armed forces community business owners this means three things:
- For a limited period, get free access to the myNexus platform and a free report on your own entrepreneurial skills on the Entrepreneur Skills Index (ESI). Register your interest by filling out the short form below.
- From your own baseline ESI, plan with your business captain or mentor what this means for you and what your next steps could be.
- If you need investment for growth and/or exit, now or in the future, get connected with potential investors matched to your profile.
Increasing the success rate of early-stage UK growth businesses is a shared vision for both organisations as they seek to enable startups and scaleups to access the right investment, capability and capacity at the right time.
myNexus is an innovative digital service that leverages gaming technology to validate the skills of the entrepreneurs and curate “right-fit partnerships” with investors through an intelligent smart-matching algorithm. It is designed to eliminate the time-consuming and often biased pitch and procurement processes which constrain and undermine UK entrepreneurialism and business development.
Thank you for taking part in the myNexus and X-Forces Enterprise partnership using a cutting edge tool to measure entrepreneurship! Our process is very simple. Provide your details below and on Monday 13th September you'll be sent: - Links to two psychometric tests (which will take no longer than 30 mins to complete in total) - Instructions to download the ESI game tool (which we ask you to play for ~60 mins) The game simulates running a start-up coffee shop and is quick and easy to play in short bursts! You'll have until Sunday 19th September to complete all the parts above, so you can do it at a time to suit you. Once done we'll crunch the numbers and you'll get a FREE 25+ page report into your Entrepreneurial Aptitude (your potential) and Entrepreneurial Competence Factors (your skills). IMPORTANT: Once you submit this form myNexus will send you a welcome email so check this doesn't fall in to your junk folder 🙂 and myNexus will be in touch again on Monday 13th September!
The partnership between XFE and myNexus was forged by a “meeting of minds” between XFE founder Ren Kapur MBE and myNexus cofounder Gaynor Matthews. As a serial entrepreneur Gaynor has witnessed the challenges faced by under-represented groups and addressing this adversity and creating a more level playing field is a shared passion.
“Technology is a game-changer that is helping us to transform the investment process,” said Gaynor. “Enabling investors to assess the capability of entrepreneurs, via our Entrepreneurial Skills Index (ESI), in the same way investors can assess their business plan, will increase investor appetite for more diverse business opportunities and investment in under-represented entrepreneurial communities. We are delighted to be partnering with XFE to support ex-military personnel as they establish new careers and businesses”.
The XFE and myNexus partnership will see XFE support myNexus to recruit and engage users in the final BETA testing of the Entrepreneurial Skills Index which will result in a new version release of the myNexus Platform. Over 300 users will take two psychometric tests and play the ESI game and get a free 25 page report that analyses their skills and capabilities.
“Lack of innovation and bias in the investment process means it’s even harder for entrepreneurs that don’t fit a “mould” to secure investment. This is true today for many female, BAME and LGBT entrepreneurs as well as businesses outside London” said James McMillan, cofounder of myNexus.
“These entrepreneurs have as much to offer industry and the regeneration of the UK economy as other founders” added James. “Our partnership with XFE will ensure additional focus is also given to ex-military entrepreneurs who have so many great skills around strategy, discipline and delivery, but might find it harder to demonstrate entrepreneurial capability”.
“XFE is delighted to be partnering with myNexus” said Ren Kapur MBE, CEO and founder of XFE. “XFE prides itself on providing excellent wrap-around support to ex-military personnel looking to establish their own businesses. Combining our support with the technology and smart-matching capabilities of myNexus can help pave the way for more ex-military personnel to succeed in business”.
