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EIC STEP Scale Up for startup

Apply before: December 16, 2024

The EIC STEP Scale Up Call offers equity-only investments to help SMEs and small mid-caps scale groundbreaking innovations in critical technology areas. With a EUR 300 million budget for 2025, expanding to EUR 900 million by 2027, the program aims to bridge the funding gap for ambitious companies. Applicants can seek investments ranging from EUR 10 to EUR 30 million, designed to attract co-investments of three to five times the requested amount. Selected companies will retain their value and intellectual property in Europe while contributing to EU economic growth.

Eligibility

The eligibility criteria for the EIC STEP Scale Up for startup are:

  • Applicants must be an SME or small mid-cap (up to 499 employees).
  • Companies must be based in an EU Member State or Associated Country.
  • Investors can apply on behalf of eligible companies with prior agreement.
  • Investments must be signed directly with the selected company.
  • Holding entities for investments must also be based in an EU Member State or Associated Country.

Elevator Pitch for Business

Benefits

The benefits of the EIC STEP Scale Up for startup are:

  • Equity-only investments between EUR 10 and EUR 30 million.
  • Enables major co-investments of 3-5 times the EIC funding.
  • Supports high-risk, innovative technologies with market potential.
  • Provides access to Business Acceleration Services for growth support.
  • Strengthens European companies’ value chains and IP retention.
  • Awards STEP Seal for privileged access to other EU funding programs.
  • Targets semiconductor and quantum technology startups in 2025.
  • Aligns with Chips Act to enhance strategic technologies.
  • Encourages collaboration with InvestEU Venture Debt for additional funding.
  • Offers tailored investments based on EIC Fund Investment Guidelines.

Application process

Click here to Apply.

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