Project Europe has selected six startups for its accelerator program, offering €200,000 in funding and mentorship from industry leaders. The accelerator was launched in March, backed by 20VC, Berlin’s Point Nine, and New York’s Adjacent. It will take a 6.66% equity stake in each participating company.
The cohort is diverse, featuring two robotics firms Philon from Greece and Cerebrionics from Norway. It also includes two cybersecurity AI startups, Hacktron and Switzerland-based Haicker. Rounding out the group are defense tech company Zero, which builds autonomous drones, and Zellify from Stockholm, which helps developers navigate app store fees.
Startups will participate in bi-monthly co-working sessions across Europe and receive ongoing guidance as they raise seed funding. Applications for the next cohort are open, with the upcoming meet-up scheduled in Stockholm from October 8 to 10.
Harry Stebbings, founder of 20VC, said: “I believe Project Europe will be the most meaningful work of my life. Europe is at the precipice of falling into irrelevance. In a world of Chinese and US dominance, we must stand up and be counted. In every corner of every European country, we have the hungriest, grittiest, and talented entrepreneurs. It is time to unleash them. To empower them. To make them think bigger, with more resources, more talent and more opportunity. This is the work I will be proud to tell my grandchildren about.”
A core pillar of Project Europe is to encourage the next generation to take greater risks and make entrepreneurship. Kitty Mayo, CEO, Project Europe, said: “Every two months, we bring all our teams together in person. Days are focused. Lunchtimes are for drop ins from special guests. Night times are for events and deep conversations with the Project Europe network. It’s intense and it’s the core of how we work; Project Europe is a network that spans the globe. Coworks create the density of network that many European builders crave, where global maxima are revealed.”
