It intends to back up to 35 founders per year. The €60m is split evenly between a Series A round for EWOR and an investment vehicle to back the startups.
Founded in 2021, the accelerator invests up to €500k in each startup — with €110k as an initial cheque and €390k in uncapped investment.
Each company that goes through the accelerator gets one-on-one mentorship, including up to five hours per week with a unicorn founder, customised learning modules and a network of more than 2,000 mentors, VCs and subject matter experts.
Applicants willing to apply for the accelerator can do it by following this link.
