Project Europe, a new early-stage fund, will back people under 25 to build the next tech titan

A recurring theme in Europe’s tech world is that the region needs its own Google or Microsoft. Now comes the launch of a new fund to support this initiative. Project Europe — a new fund for founders “solving hard problems with technical solutions” — says it has initially pulled together $10 million from 128 different founders and tech execs from startups both in Europe and further afield. The list, which you can view here, includes the founders of Klarna, Mistral, and SoundCloud; successful recipients will each get €200,000 (around $200,000) to build out their ideas. The companies need to be started in Europe, but there are no restrictions around moving them later. Founders also do not have to have fully formed startups to apply. You can apply with an idea or if you “have been tinkering around a thesis,” the fund notes on its site. There is one other caveat. If you are over 25 years old, stop reading now. Project Europe is limiting its awards to people who are only 25 and under. On ... Read full article.