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support other - stage enterpriser seems to be suddenly in trend in Europe . Back in March , podcaster and venture investor Harry StebbingslaunchedProject Europeto great fanfare , aiming to back founding father senesce 25 and under with a small $ 10 million fund — riffing on the “ Peter Thiel Fellowship ” model of yore . Now , a fresh fund hopes to go one good , this time with $ 68 million .
EWOR(entrepreneurship without risk ) has set in motion its own “ beginner society , ” committing € 60 million . The fund will extend select founders € 500,000 in capital for a 7 % interest ( in comparing , Project Europe declare oneself € 200,000 for a 6.66 % stake ) . EWOR claims that , on ordinary , its graduate have gone on to raise € 1 million to € 11 million during the fellowship .
Each yr , the money will go to 35 entrepreneur who jibe EWOR ’s mold of “ visionary , technical prodigies , deeply driven operator , and serial entrepreneur . ” Fellows will get virtual - first support , with 1:1 mentorship ( including 1 to 5 hours per hebdomad with a “ unicorn founder ” ) and access to 2,000 mentor , VCs , and capable thing expert . The € 500,000 investment would consist € 110,000 from EWOR GmbH and an extra € 390,000 from the investment investment trust via an uncapped transformable note or similar tool .
establish in 2021 , EWOR is run by six entrepreneur — Daniel Dippold , Alexander Grots , Florian Huber , Petter Made , Quinten Selhorst , and Paul Müller . They antecedently worked at companionship like SumUp , Adjust , ProGlove and United - Domains .
In an audience with TechCrunch , Dippold contrasted EWOR ’s fellowship proffer with Project Europe , say while the latter touted game entrepreneur with “ just an idea , ” EWOR could easy pair that offer . “ We do two fellowship : ideation and traction . you may literally — like we had a year ago with the youngest machine see researcher from Cambridge — have no co - founding father , no idea . you’re able to start at inception , no problem . ”
“ We run EWOR like a software company — build , measure , learn … The only thing that matters is it needs to be the most useful thing any founder can possibly do , ” he added .
Ten founders have so far been accepted into this yr ’s cohort . One of these is U.K.-based Mark Golab , a 3-D - print specialist applying the technology to organ transplants withCambridge Surgical Models , after surviving a life - jeopardise infection himself . Another is Vienna - ground Viktoria Izdebska , who is working on lead multiplication withSalesy .
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Previous EWOR fellows include Ricky Knox , who achieved two 9 - figure issue withAzimoandTandem Bank ; and Tim Seithe , who bootstrapped and ledTillhubto an exit worth almost € 100 million .
