Women TechEU, an EU-funded initiative dedicated to supporting women-led deep tech startups in Europe seeks to award €12 million in equity-free grants to 160 women-led deep tech companies, alongside providing tailored business support services.
About the Program
Women TechEU is a 2-year project designed to promote diversity in deep tech entrepreneurship through providing non-dilutive grants of €75,000 and personalized business development programs. Their support includes mentoring, coaching, and specialized training tailored to each grantee’s needs.
Application Process
The program will issue four calls for applications over two years. Each selected beneficiary will receive a €75,000 grant along with access to a bespoke business development program. This includes mentoring, coaching, and targeted training, designed to equip women entrepreneurs with the tools they need to succeed.
Eligibility Criteria
Women TechEU is open to early-stage deep tech startups founded or co-founded by women in top management roles (CEO, CTO, or equivalent). Applicants must meet the following criteria:
- Women must hold at least 25% of the company shares.
- The company must be registered in an EU Member State or a Horizon Europe Associated Country.
- The startup must be less than eight years old and have raised less than €1 million in equity.
Applicants should not have previously benefited from similar EU programs like Women TechEU or EmpoWomen.
Required Legal Documents
Selected applicants will undergo a legal validation process. Required documents include:
- ID and power of attorney for the signatory.
- SME declaration.
- Balance Sheet and P&L accounts for the last two years (if applicable).
- Legal Entity form and VAT registration (if applicable).
Entities already validated by the European Commission’s Funding and Tenders Portal will need to provide their PIC Number and related documentation.
Fund Utilization
The €75,000 grant can be allocated towards activities that accelerate your startup’s growth, such as:
- Business model upgrades and validation.
- Financial planning and strategy updates.
- Market analysis and customer validation.
- Intellectual Property (IP) strategy and freedom to operate.
- Partner and investor search.
Independent experts will assess whether the proposed activities align with the company’s growth and development needs.
Visit their official website for more details on eligibility and the application process.
Comments