The EWOR Fellowship, run by the German company EWOR, backs founders wherever they live, from those without an idea yet to companies with revenue. The Ideation Fellowship offers up to €300,000, with a 3% equity tuition fee; the Traction Fellowship invests €500,000 with no tuition fee. The fellowships are virtual, with regular in-person gatherings. Applications are free, take 15 to 20 minutes and are reviewed on a rolling basis, with an answer within about three weeks.
Who can apply
Nationality
EWOR describes the fellowship as borderless and virtual-first, working with founders wherever they are in the world, and names no nationality rule. A Tunisian founder can apply from Tunisia.
Stage
Ideation is for pre-seed founders, with or without an idea; Traction is for founders whose product already generates revenue.
Cost
Applying is free and takes 15 to 20 minutes. The Ideation track carries a 3% equity tuition fee.
Funding and what it does not cover
Ideation: up to €65,000 at a €1.0 million post-money cap plus up to €235,000 on an uncapped SAFE, and a 3% equity tuition fee. Traction: €110,000 at a €1.5 million post-money cap plus €390,000 on an uncapped SAFE, with no tuition fee. There are no cash fees.
Covered
Up to €300,000 of investment (Ideation)
€500,000 of investment paid after acceptance (Traction)
