The support of super -early stage entrepreneurs in Europe seems to be suddenly fashionable. In March, “Project Europe” departed for Great Fanfare from Podcaster and QV Harry Stebbings with a small $ 10m fund to support founders aged only 25 years old, re -making in the ‘Peter Thiel Fellowship’ model. Now a new fund hopes to go better – but this time with $ 68 million.
EWOR (Shorthand for “Entrepreneurship without Risk”) has launched ‘Fellowship Fellowship’, performing € 60m, which will offer selected founders € 500,000 in capital for a share of 7% (in comparison, Project Europe offers 200,000 € for a 6.66% shares). He claims that on average, Alumni continued to collect € 1 million in € 11m during Fellowship.
The money will go to 35 entrepreneurs a year who adapt to the mold of “visionaries, technical savages, deep -driven operators and serial entrepreneurs”.
Associates will receive first virtual support, with mentoring 1: 1 (including 1 to 5 hours a week with a ‘unicorn founder’), access to 2,000 mentors, QV and subject experts. In contrast, Project Europe offers its founding-investing network of 128 supporters.
Founded in 2021, Ewor is full of full time by six entrepreneurs who were previously within companies such as Sumup, Adjustment, Proglove and United-Domains: Daniel Dippold, Alexander Grots, Florian Huber, Petter Made, Quinten Selhorst and Paul Müller.
In a call with Techcrunch, Dippold contrasting the EWR scholarship by providing Project Europe Europe. While the latter trumpeted by taking entrepreneurs with ‘only one idea’ he said Ewor will easily match him by offering: “We make two scholarships, ideas and withdrawals. You cannot have a word-like year ago with the newest machinery learning researcher from Cambridge-we have no co-founder, you can’t start.”
As part of an investment of € 500,000, this includes € 110,000 from EWOR GMBH and an additional € 390,000 from the investment fund through an unintentional convertible note or a similar instrument.
An example of a previously supported start includes the Aspect Health, a startup that was built in Moldova, set up funds in Silicon Valley and New York, and ended with $ 50 million.
Dippold said: “We have 50,000 applicants on a vector database that understands every complex detail of a person’s Github. So if you need to hire a person with 10,000 lines of codes and rust skills, I can find that person with a question.”
“We direct evil as a software company, build a mass, learn, build a mass, learn, build mass, learn … the only thing that matters is that it must be the most useful thing any founder can do,” he added.
The ten founders have so far been accepted into this year’s group.
They include the UK -based Mark, a 3D printing pioneer that applies the technology for organ transplantation with Cambridge surgical models, after surviving a life -threatening infection. And Victoria Izdebezka based in Vienna, which is working on the lead generation with Salesy.
The previous EWOR associates include Ricky Knox, who reached two 9-figures with Azimo and Tandem Bank; and Tim Seitit, who led Tillhub to a bootstrapped exit at nearly 100m.
His friend Jörgen Tvei, the founder of Thaleron, added in a statement: “Ewor’s founders are deeply technical and understand the challenges of building a world -changing technology company.”
