I. found 1 /faʊnd/ BrE AmE
the past tense and past participle of ↑ find
II. found 2 AC BrE AmE verb [transitive]
[ Date: 1300-1400 ; Language: Old French ; Origin: fonder , from Latin fundus 'bottom' ]
1 . to start something such as an organization, company, school, or city, often by providing the necessary money SYN establish :
Founded in 1935 in Ohio, Alcoholics Anonymous is now a world-wide organization.
Eton College was founded by Henry VI in 1440.
2 . be founded on/upon something
a) to be the main idea, belief etc that something else develops from SYN be based on something :
The British parliamentary system is founded on debate and opposition
b) to be the solid layer of ↑ cement , stones etc that a building is built on:
The castle is founded on solid rock.
3 . technical to melt metal and pour it into a ↑ mould (=a hollow shape) , to make things such as tools and parts for machines
—founding noun [uncountable] :
the founding of the University of Chicago
⇨ ↑ well-founded
• • •
THESAURUS
▪ establish to start a company or organization, especially one that exists for a long time:
The company was established in 1899.
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He established a new research centre in Dublin.
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Most of the money will be used to establish local industries and mobilize the work-force.
▪ set up to start a new company or organization. Set up is less formal than establish , and is the usual phrase to use in everyday English:
Kate and her partner are setting up their own printing business.
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Dad set up as a builder in 1990 and now he employs over twenty men.
▪ open to start a business that provides services to the public, such as a shop, restaurant, or hotel:
He opened his first restaurant in 1995.
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They just opened a new supermarket on Van Nuys Boulevard.
▪ found to start a company or an organization such as a school or a hospital, especially by providing the money for it – used about something that was started a long time ago:
Who originally founded the college?
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The bank was founded 60 years ago in Munich.
▪ inaugurate /ɪˈnɔːɡjəreɪt, ɪˈnɔːɡjʊreɪt $ -ˈnɒː-/ formal to start an organization with an official ceremony:
Twenty years after the airport was inaugurated, it introduced its first transatlantic flights.