Is the EWOR Fellowship a real project Europe is looking for?
Supporting the super-large stage entrepreneurs in Europe seems to be in the rage all of a sudden. Back in March,Project Europe“It was Release The fantastic fanfare from Podcaster and VC Harry Stebbings has won a handful of under 25 funds, riffing on the old “Peter Thiel Fellowship” model. The new fund now hopes to make one better, but this time it’s $68 million.
Incarceration (Shotography of “Risk-Free Entrepreneurship”) has launched its own “Founder Fellowship” and committed 60 million euros and provides selected founders with 500,000 euros of capital with 7% stake (by comparison, Project Europe is offered at 200,000 euros against 6.66% stake). It claims, on average, that graduates continue to raise between 1 million and 11 million euros during their fellowships.
This money goes to 35 entrepreneurs a year who fit the mold of “foresight, technical genius, deeply driven operators, serial entrepreneurs.”
Fellows receive virtual first support with 1:1 mentorship (including 1-5 hours a week with the “Unicorn Founder”), access to 2,000 mentors, VCS, and subject matter experts. In contrast, Project Europe offers a network of founder investors with 128 backers.
Founded in 2021, EWOR is run full-time by six entrepreneurs who were previously within companies such as Sumup, Adach, Proglove and United-Domains.
In his call with TechCrunch, Dippold contrasted with Project Europe’s EWR fellowship offering. The latter trumpeted with entrepreneurs with “just an idea,” but he said EWOR would easily match the product.
As part of the 500,000 Euro investment, this includes 110,000 Euros from EWOR GMBH and an additional 390,000 Euros from investment funds via capless convertible notes or similar equipment.
Includes one example of a previously supported startup Aspect Healtha startup built in Moldova, raised funds in Silicon Valley and New York, eventually reaching $50 million.
Dippold said: “The Vector database has 50,000 applicants who understand all the intricate details of a person’s Github. If you need to hire someone with 10,000 lines of code and rust skills, you can find them in one question.”
“We run evil like a software company, build measurements, build measurements, build measurements, build measurements, build measurements, build measurements.
So far, 10 founders have been accepted into this year’s cohort.
These include UK-based Mark Golab, a pioneer in 3D printing that applies technology to organ transplants. Cambridge Surgery ModelAfter surviving a life-threatening infectious disease on your own. Vienna-based Viktoria Izdebezka is working on lead generation Sales.
Previous eWor Fellows include Ricky Knox, who achieved two nine-digit exits Ajimo and Tandem BankAnd Tim Seite and Reed Tilhub At the bootstrap exit for almost 100 million euros.
Jörgen Tveit of Ewor Fellow, founder of Thaleron, added in a statement: