On March 12, 2025, More than 120 European technology founder Announce the creation European project€ 10 million aimed at the entrepreneur support of 18-22 years of age. Initiative, guided by British business provides Capitalist Harry Stebbings of 20VCLook for promises and investments to young inventors, with targets that are maintaining the ability to move to the United States. Fund focus has a technology driven by technology, with artificials expected to have an outstanding feature among the support.
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Further details and participation
European plan Invest € 200,000 in each of the selected founderGoals between the 10 and 20 individuals a year. In return, Funds will take 6.66% support at the start it makes. The initiative has attracted support from corporate founder, such as Wash, Mistral, and SoundCloudAlong with investment companies like Point nine and adjacent. Open Applications on March 12, with the first recipient to be selected in the next month. Fund funds that are important, including those from the person without establishing technical activity, which is a complicated technical standard – a complicated technical standard.
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AI and Technical Measurement
Fund’s emphasis “Solve hard with technical solutions“Position AI as an important area of attention. Europe battery fighting giant production of US corporate The source of Ai-drimethroughs attack. Companies often The eyes and disgustKnowing for their AI work, is one of the supporters, introducing expertise in the field in this field will be available to the recipient. Initiative does Not impose the possibility of shopping immediatelyAllow the founder to find the ambitious thinking that can progress Europe of Europe.
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Fix a talent refuge
The europerative motivation for the European project is to lose their professional professionals with the United States, often mentioned “. Stumbbings explained this as “Doom loop around Europe“, Indicate the appeal of Silicon Valley environment and the environment of Silicon Valley. The fund is intended to present options Provide funds and support to keep talents in Europe. For AI sector, this may mean local specialists when the global competition for such skills is increasing.
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Support other than funding
In addition to financial investment, proposal of Europe Me Adventionship from Experienced Technology Leader And Access to masterclasses in various topics such as product development. Annual reversalization is planned to connect participants. For Ai-focused start, this frame can be provided Tip of Technical Challenges and Regulations Specific to the field. The AI Corporate participation in the established AI companies may help adding this support, even detailed mentioning.
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The point of conflict
The initiative has made some debate. Critics Asking questions about decisions to limit eligible to 25 people under 25 years of ageArrived that the older founder can also contribute to Europe’s technology growth. Others noticed that The 10 million may be a slightest thing that compared to funds that requires a major technology companiesEspecially in AI, where the development costs can be high. There is also a discussion that fund technology may spread resources that partial to affect AI or other specialists. However, supporters to see an age limit as intent strategically strategic to tap into Creativity of youthAnd stimbings have Estimate That funds can help build a lot of companies that hire 10,000 people within one decade.
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Source: Financial time, E “, Tech.az