In an exciting development for the European tech ecosystem, Project Europe has officially announced its first cohort of promising young founders. Launched earlier this year, the initiative aims to nurture the next generation of tech titans by backing entrepreneurs under the age of 25 with bold ideas and the drive to innovate.
Project Europe, a pioneering early-stage fund, invests from the idea stage, offering an initial €200,000 to selected founders. With a mission to help Europe compete with global tech giants like Google and Microsoft, the program supports 10-20 founders annually, taking a 6.66% equity stake when leading the round.
The first cohort includes a diverse group of visionaries from across the continent, each bringing unique solutions to pressing challenges in technology and beyond. While specific details about the selected founders and their projects are yet to be fully disclosed, the initiative has already generated significant buzz for its focus on Gen Z innovators.
Kitty Mayo, CEO of Project Europe, emphasized the importance of empowering young talent to build scalable solutions. She highlighted that the program not only provides financial support but also offers mentorship from some of Europe’s top 125 founders, ensuring these startups have the guidance needed to succeed.
The launch of this cohort marks a significant step toward closing the innovation gap between Europe and other global tech hubs. By fostering entrepreneurship at such an early stage, Project Europe aims to create a pipeline of groundbreaking companies that could redefine the region’s technological future.
As the selected founders begin their journey with Project Europe, the tech community eagerly awaits updates on their progress and the transformative ideas they will bring to life. This initiative could be the catalyst Europe needs to establish itself as a leader in the global startup arena.
Maria Lourdes
