Program · Scout Program
First Momentum Ventures Scout Program
First Momentum Ventures Scout Program is First Momentum Ventures' scout program offering decentralized deal sourcing for tech-savvy individuals in Europe.
- Application state
- Accepting
Overview
What First Momentum Ventures Scout Program offers
What First Momentum Ventures Scout Program is
First Momentum Ventures operates an extensive Venture Scouts network comprising over 100 scouts who function as an extended arm of the firm's investment team across Europe and beyond. Scouts serve as ecosystem integrators and deal sourcing partners, leveraging their networks to identify emerging high-potential startups aligned with the firm's Deep Tech and industrial innovation focus.
Operational profile
Program status and context
Program status describes the program itself. Application availability and deadlines remain separate.
- Operational status
- Active
- Program type
- Scout Program
- Host organization
- First Momentum Ventures
- Last reviewed
- May 26, 2026
What Scout program means
A scout program is a structured venture-capital program that recruits external people to help a fund discover, refer, evaluate, or sometimes invest in early-stage startups.
Open the glossary entryTerms and economics
Published program terms
- Price
- Free
- Compensation
- Carry Share
Compensation and economics
Scouts operate on a bounty-based compensation model rather than fixed salary. The firm pays bounties for successful startup referrals, aligning scout incentives with deal quality and sourcing accuracy.
Focus and fit
Who the program is for
Program thesis
First Momentum Ventures was founded in 2018 and invests in pre-seed and seed-stage B2B, industrial tech, and Deep Tech startups, primarily across Europe. The firm raised €35M for Fund II (2025), demonstrating institutional commitment to the European Deep Tech ecosystem.
Eligibility
Strong technical foundation in CS, engineering, or equivalent discipline Active embeddedness in European tech ecosystems Connection to universities, research institutions, or startup communities Genuine interest in Deep Tech or industrial innovation
Selection approach
First Momentum targets technically-fluent individuals including computer science students, PhD researchers, serial entrepreneurs, and technical operators already embedded in relevant innovation communities.
- Stages
- Pre-seed · Seed
- Sectors
- Industrial & Manufacturing
- Regions
- Europe
- Audience
- Founders · Operators · Researchers · Students
Format and cadence
How participation works
- Presence
- Remote
- Main location
- Europe
- Engagement
- Part Time
Delivery model
The program operates remotely, allowing scouts to maintain their primary roles while participating in the program.
Participation expectations
The engagement model is part-time, allowing scouts to maintain their primary roles as researchers, founders, operators, or academics.
Availability and engagement
Application timing and route
- Application state
- Accepting
- Admissions
- Open
Value and support
What participation may provide
Publicly described support is context, not a guarantee of current delivery or future benefit.
What participants may receive
Beyond financial bounties, scouts gain access to: Career acceleration pathways (many scouts transition into startup roles, launch companies, or pursue VC careers) Community access to 100+ fellow scouts across European innovation hubs Exposure to First Momentum's investment thesis and portfolio Networking opportunities at sector-specific and geographic events
Common questions
Program details at a glance
First Momentum Ventures Scout Program is published in Upseed as a scout program program hosted by First Momentum Ventures. Upseed treats the Program and its host Organization as separate records so each can have its own status and sources.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 26, 2026
Known limits
Terms, deadlines, and application states can change. Confirm current details at the published destination before acting. Upseed does not yet classify every Program destination as official.
Upseed is an independent guide. It is not affiliated with, endorsed by, or the official representative of this program or its host.