"The grant covers personal living, material, and coaching expenses over 12 months, allowing founders to focus on developing their founding idea. While graduates receive personal funding of 2.500€, students can receive 1.000€ a month, additionally up to 30.000€ material and 5.000€ coaching budget that can be used to develop the founding project further."

So, 30k EUR (gross) with a maximum funding period of one year? Laughable. Also probably a little bit tragicomic.

Early seed rounds are usually measured in couple of USD millions. I wonder how these brilliant minds in the EU think they will attract the industry talent to leave their ~5x salary (outside FAANG) for such a pocket money.