Kieran Hill, General Partner at 20VC, announced the launch of Project Europe, an early-stage investment fund designed to support entrepreneurs under 25 by providing mentorship and financial backing.

Hill emphasized that many talented European entrepreneurs are often drawn to the United States, where they perceive better opportunities and a culture that celebrates entrepreneurial success.

He criticized European venture capitalists for their conservative approach, which tends to prioritize established business models over the ambitions and motivations of young founders.

Nicola Ebmeyer, co-founder and CEO of Gain.pro, highlighted a cultural issue in Europe that discourages entrepreneurship, noting that visibility of successful entrepreneurs is crucial for inspiring new founders.

Despite the challenges, Hill acknowledged the emergence of successful startups in Europe, indicating a positive trend that could be amplified with greater investment in young talent.

Ebmeyer pointed out that the entrepreneurial journey requires visible role models to inspire and guide aspiring founders, echoing the sentiment that 'you can't be what you can't see.'

Project Europe aims to keep talent in Europe by providing the necessary resources and mentorship to young entrepreneurs.

Hill noted the importance of creating an environment in Europe that celebrates entrepreneurial success to retain talented individuals.

The current focus of European venture capitalists on low-risk investments is seen as detrimental to the ambitions of young entrepreneurs.

Hill called for a cultural shift in Europe to adopt a higher risk appetite in investment, which he believes is essential to support entrepreneurial ambition.

At the TNW Conference, industry leaders stressed the importance of increasing support for young founders to foster the next generation of tech giants in Europe.

Ebmeyer shared her personal experience of facing skepticism when she transitioned from a stable career at McKinsey to starting her own company, illustrating the challenges young entrepreneurs face.