Supporting European high -speed stage entrepreneurs seems to be suddenly fashionable. In March, “Project EUROPE” was launched in a large Pangpar by restarting the ‘Peter Thiel Fellowship’ model with PODCASTER and VC Harry Stebbings a $ 10 million fund for founders under 25 years of age. Now we hope that the new fund will be better, but this time we hope to go further to $ 68 million.
EWOR (“The shorthand of the Entrepreneurship Spirit”) will start its own ‘founder communion’ and commit 60 million euros and provide 500,000 euros of capital for 7% stake (compared to the Project Europe offers 200,000 euros for 6.66%). It on average claimed that alumni raised 11 million euros for 10 million euros during their friendship.
This money will go to 35 entrepreneurs every year to the mold of “Vision, Technology, Deep Driver, and Serial Entrepreneur”.
FELLOWS will receive the first virtual support from 1: 1 mentorship (including ‘Unicorn Founder’ for 1 to 5 hours), 2,000 mentors, VCs and subject specialists. In contrast, the Project EUROPE provides a founder investor network consisting of 128 supporters.
Established in 2021, EWOR was previously SUMUP, Adjust, Proglove and United-Domins: Daniel Dippold, Alexander Grots, Florian Huber, Petter Made, Quinten SelHorst and Paul Müller It is operated in full time by six entrepreneurs.
Dippold contrasts with EWWR’s fellowship proposal and Project Europe in a phone call with TechCrunch. The latter said that after taking an entrepreneur with just an idea, EWOR would easily match the following proposals: “We can perform two fellowship, ideas and tractions, like Cambridge’s youngest mechanical learning researcher a year ago, and no ideas.
As part of an investment of € 500,000, this includes € 110,000 of the EWOR GMBH and an additional € 390,000 of the investment fund through the UNCAPPED convertible notes or similar devices.
One example of previously supported new companies was financing in Silicon Valley and New York, a new company built in Moldova and was $ 50 million.
Dippold said: “We understand all the complex details of Github, a person with 50,000 applicants in the vector database. Therefore, if you need to hire a 10,000 line of code and rust technology, you can find the person in one query.”
“We operate evil like a software company, and measure, study, measure, study, study, measurement, learning … The important thing is that it needs the most useful thing that the founder can do.”
So far, 10 founders have been accepted by cohort of the year.
This includes a Mark Golab based in the UK, a 3D printing pioneer who survives the life -threatening infection itself and applied technology to organ transplantation as a Cambridge surgical model. Headquartered in Vienna, VikToria Izdebezka is creating a lead with Salesy.
Previous EWOR FELLOWS includes Ricky Knox. Ricky Knox achieved two outlets with Azimo and Tandem Bank. And Tim Seithe, who led TIMHUB to an exit of boot strap for almost € 1 billion.
Thaleron’s founder, Ewor colleague Jörgen TVit, added: “The founders of EWOR understands the task of building a very technical and worldwide technology company.”
