EWOR accelerator raised €3.2M (~$3.4M) to attempt to build a European alternative to Y Combinator.
"There is no YC in Europe. Many European counterparts have a reputation for tough terms and low valuations for founders, lack authenticity as they're not run by founders with a track record in building relevant tech companies, and are bureaucratic," said the accelerator's CEO, Daniel Dippold.
- EWOR's program accepts startups for six to 10-month fellowships and invests up to €150,000.
- The accelerator focuses on Deeptech, Greentech, artificial intelligence, health-tech, EdTech, and robotics.
- Thus far, EWOR has accepted Thaleron, focused on energy; Finval, which works on AI for finance; and Nest Egg, which seeks to develop a way for older persons to monetize their property without the need to move.