EU announces €100m fund for entrepreneurs and SMEs to boost the European startup scene

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Euros

Startup fever has well and truly taken root at the European Commission, with the intergovernmental organisation announcing a €100m fund for SMEs and web entrepreneurs  – and hosting an event to discuss the new financing programme.

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The Commission is organising a workshop on 2 July from 10am – 5pm in Brussels to connect the different players interested in the new funding initiative. They’re inviting a group of accelerators, coworking spaces, crowdfunding platforms, business angels, VCs and tech media to attend the open call. If you’re interested in joining, send an email to the address at the bottom here.

The capital will go to 20 different projects, with 80 per cent of the financing going to innovators that come through the open call. The funding will range from €50,000 to €150,000. It’s part of the Startup Europe initiative called the Digital Agenda, which aims to provide a boost for entrepreneurs keen to start a business in Europe. The Commission announced that the  funding will go to entrepreneurs who are developing “new applications and services on top of innovative technologies, thereby validating those technologies”.

The launch of the new workshops comes after the EU announced the finalists of the Tech All Stars startup competition, another initiative to support entrepreneurship, and Vice President Neelie Kroes announced she is doing a 2013 Startup Europe Tour.

Image credit: Flickr user comedy_nose

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