1 minute read / April 3, 2025
The Commission announced today the first cohort of companies that have successfully passed the evaluation phase of the EIC Strategic Technologies for Europe Platform (STEP) Scale Up call. They will now go forward to the EIC Fund for investment decisions, subject to due diligence.
The scheme provides investments of between €10 and €30 million (per company) aiming to leverage private co-investment and achieve financing rounds of €50 to €150 million or more. This addresses the market gap in such financing rounds which are critical for scaling breakthrough innovations in Europe.
Out of 34 companies that submitted their proposal to the first batch, 22 were invited to interview with independent high-level experts, and seven that meet all the criteria will be put forward for investment decisions by the EIC Fund.
The EIC STEP Scale Up call remains continuously open with evaluation sessions taking place every quarters. The call has a budget of €300 million in 2025, with projections to grow to €900 million over the period 2025-2027.
