Supporting entrepreneurs at an early stage seems to suddenly fashionable in Europe. In March, Podcaster and investor Venture Harry Stebbings fired “”Project Europe“For great fanfare, seeking to support founders at the age of 25 and below a small fund in the amount of $ 10 million – Riffing in the” Peter Thiel Fellowship “model. Now the latest fund hopes to go higher, this time with $ 68 million.
Confinement (Abbreviation for “entrepreneurship without risk”) launched its own “fellowship”, committing 60 million euros. The fund will offer chosen capital founders EUR 500,000 on 7% of shares (in comparison with Project Europe, it offers EUR 200,000 for 6.66% of shares). Ewor claims that on average his graduates collected from EUR 1 million to EUR 11 million during a scholarship.
Each 12 months, the money can be allocated to 35 entrepreneurs who match “Ewor visionaries, technical wonders, deeply powered operators and serial entrepreneurs.” Scholarship holders will receive virtual support with 1: 1 mentoring (including 1 to five hours a week with the “founder of the Unicorn”), access to 2000 mentors, VC and substantive experts. The investment EUR 500,000 would come with EUR 110,000 with Ewor GmbH, and an additional EUR 390,000 from the investment fund via an unnecessary substitute note or similar instrument.
Established in 2021, EWOR is run by six entrepreneurs – Daniel Dippold, Alexander Grots, Florian Huber, Petter Made, Quinten Selhorst and Paul Müller. Earlier they worked in corporations similar to Sumup, Adjusting, Proglove and United-Domins.
In an interview with TechCrunch, Dippold contrasted with the EWWO scholarship with Project Europe, saying that while the latter advertised entrepreneurs supporting “only an idea”, Ewor can easily match this offer. “We do two scholarships: idea and adhesion. You can literally-like a year ago with the youngest machine learning researcher from Cambridge-he has no co-founder, he has no idea. You can start from the very beginning, no problem.”
“We run EWOR like a software company – build, measure, learn […] What counts is that this should be the most useful thing that every founder can do – he added.
Until now, ten founders have been accepted in this 12 months’s (*68*). One of them is Mark Golab based in Great Britain, a 3D printing specialist, using organ transplant technology with Cambridge surgical modelsAfter surviving the life -threatening infection. Another is Viktoria Izdebezka based in Vienna, who is working on generating leads Sales.
The previous Ewor Fellows is Ricky Knox, who reached two nine -digit outings with Azimo AND Tandem bank; and Tim Seithe, who began and led Tillhub To a trip value almost EUR 100 million.