Supporting early stages seems to be suddenly in fashion in Europe. Back in March, Podcaster and Business Investor Harry Stebbings started “Work Europe“For the big fanfare, with the aim of supporting the founders aged 25 years and under a small $ 10 million fund – the Riffing in the” Peter Thiel Fellowship “model of the past. Now, a new fund is hoping to get better, this time with $ 68 million.
Profile (Brief for “Entrepreneurship Without Risk”) began its own “founding scholarship”, which commits 60 million euros. The Fund will offer selected founders of € 500,000 in a 7% share (compared, the Europe project offers € 200,000 for a share of 6.66%). EWOR claims that, on average, its graduates have continued to increase € 1 million to € 11 million during the scholarship.
Every year, the money will go to 35 entrepreneurs matching Ewor’s mold with “visionaries, technical fans, deep operators and serial entrepreneurs”. Candidates will receive virtual first support, with 1: 1 guidance (including 1 to 5 hours a week with a “unicorn founder”), access to 2,000 mentors, VCS and object experts. The € 500,000 investment will include € 110,000 from Ewor GmbH and additional € 390,000 from the Investment Fund through a non -convertible note or similar media.
Founded in 2021, Ewor is run by six entrepreneurs – Daniel Dippold, Alexander Grots, Florian Huber, Petter Made, Quinten Selhorst and Paul Müller. They have previously worked on companies such as Sumup, Adjust, Proglove and United-Domains.
In an interview with TechCrunch, Dippold contrasts Ewor’s scholarship with Project Europe, saying that while the latter made supporters with “just an idea”, Ewor could easily match this offer. “We do two scholarships: Idea and attraction, you can literally-as we had a year ago with the newest Cambridge-Cambridge researcher-they do not have a co-founder, no idea.
“We run ewor like a software company – build, count, learn […] The only thing that matters is that it must be the most useful thing that any founder can do, “he added.
Ten founders have been accepted so far in this year’s team. One of them is the UK -based Mark Golab, a 3D printing specialist who applies technology to instrument transplants with Cambridge surgical modelsafter surviving himself a life -threatening infection. Another is Viktoria Izdebebezka based in Vienna, who works for leading lead with Sold.
Previous Fellows Ewor includes Ricky Knox, who achieved two outputs of nine numbers with Azim and Balance; and Tim Seithe, who started and drove Tower at an exit worth almost 100 million euros.
