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What is your position on hardware-rich startups? Especially those that plan to manufacture here in EU? Defence/mixed use tech. Are these too much of a pain/unsc
by anovikov 1y ago
What is your position on hardware-rich startups? Especially those that plan to manufacture here in EU? Defence/mixed use tech. Are these too much of a pain/unscalable/little monetisation potential, or OK?
- scrollaway 1y agoDepends what kind of hardware. B2C is difficult. But in dual-use/defence there are a LOT of opportunities - and several we can assist with (we have strong experience in drones and other dual-use hardware startups, as well as direct links to Ukraine to help battletest said hardware) If you're just manufacturing drones, truth is you'll be in a red ocean and will be unlikely to make it. OTOH, specific components, drone modules, etc are all very hot right now. If you're doing much more deeptech-style hardware, there are opportunities and EU is a good place for it but we'd likely be looking at helping get EIC funding (2.5M nondilutive funding, ~5% success rate but very tough application). NL and southern france have interesting ecosystems for this. Do you have something specific in mind?
- anovikov 1y agoYes i do have a very specific thing is mind but i don't want to sound like a typical American pie-in-the-sky founder so i'd only apply once we have at least a crude working prototype.
- scrollaway 1y agoDon't hesitate to apply anyway! We're OK with idea-stage startups. Program is for idea stage to early seed.