SPRIND has launched its "Next Frontier AI" challenge, committing €125 million in seed funding to up to ten European teams. This initiative aims to foster the development of groundbreaking AI technologies, addressing Europe's current deficit in globally competitive AI companies. The selected teams will receive support for up to 24 months, with the ultimate goal of positioning them to raise up to €1 billion in follow-on capital by June 2028.
Amount: $125.0M
