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The support in the EIC STEP Scale Up call will be in the form of equity-only investments managed by the EIC Fund. Applicants to this call will not receive a grant component. It provides significant financial support, and applicants should apply for an investment of a minimum of EUR 10 million and maximum of EUR 30 million, to co-invest in a funding round aiming at least three to five times the amount of the requested EIC contribution. The specific terms of each investment are considered and negotiated on a case-by-case basis in accordance with the EIC Fund Investment Guidelines. This ensures the investment is tailored to your company’s needs while aligning with EIC’s objectives.
EIC STEP Scale Up is designed to fill the funding gap for companies to invest in the scale up of high-risk innovations and where the amount needed for the scale up cannot be fully financed by other investors, including Invest EU implementing partners. Applicants are encouraged to consider complementarity with Venture Debt from InvestEU implementing partners in order to meet their financing needs.
When implementing investments, the EIC Fund will ensure that supported companies keep most of their value, including their IP, in the EU or in the Associated Countries in order to contribute to their economic growth and job creation. Where necessary, the EIC Fund will be requested to take appropriate safeguard measures for individual companies on a case-by-case basis in order to protect European interests as defined in the Investment Guidelines.
Beyond funding, applicant companies will benefit from a strong support system that fosters your continued growth within Europe through Business Acceleration Services. Applicants to the EIC STEP Scale Up call who meet the evaluation thresholds will also be awarded a Sovereignty (STEP) Seal, to facilitate and provide privileged access to funding and support from other EU programmes and other funders and investors
.Objective:
The EIC STEP Scale Up call presents a unique opportunity for ambitious scale up companies (SMEs and small mid-caps) with game-changing innovations in Europe’s critical technology areas. It offers a powerful combination of financial and strategic support designed to propel your groundbreaking solution to the forefront of these sectors.
The companies selected under the EIC STEP Scale Up call can receive investments ranging from EUR 10 to EUR 30 million. This investment can significantly accelerate the development and market launch of your technology, product, or service. With this funding, you’ll gain the power to disrupt established markets and forge new ones across Europe, potentially achieving significant global impact. Crucially, this investment is designed to catalyse major funding rounds, e.g. in the range of EUR 50 to 150 million, and at least 3-5 times the EIC investment.
This call is part of the implementation of the Strategic Technologies for Europe Platform (STEP)) which supports the development or manufacturing of critical technologies throughout the Union or safeguarding and strengthening their respective value chains.Besides, support from the EIC, the projects may be eligible for support under other EU programmes included in STEP.
In 2025 support for start-ups in semiconductor technologies and quantum technologies will be pursued in particular through the STEP Scale Up call which foresees larger investments targeting strategic technologies including in support of the Chips Act.
In order to apply, your innovation must be within the scope of the priority areas defined in the STEP regulation and further developed in the Guidance note:
a. Digital technologies, and deep tech innovations. This includes: advanced semiconductor technologies; artificial intelligence technologies; quantum technologies; advanced connectivity, navigation and digital technologies; advanced sensing technologies; robotics and autonomous systems; Deep tech innovations (see Glossary of the EIC Work Programme 2025).
b. Clean and resource efficient technologies, including net-zero technologies. This includes: solar technologies; onshore wind and offshore renewable technologies; battery and energy storage technologies; heat pumps and geothermal technologies; hydrogen technologies; sustainable biogas and biomethane technologies; carbon capture and storage technologies; electricity grid technologies; nuclear fission technologies, sustainable alternative fuel technologies; hydropower technologies; other renewable technologies; energy system -related energy efficiency technologies; renewable fuels of nonbiological origin technologies; biotech climate and energy solutions; transformative industrial technologies for decarbonisation; CO2 transport and utilisation technologies; wind and electric propulsion technologies; other nuclear technologies; advanced materials, manufacturing and recycling technologies, technologies vital to sustainability such as water purification and desalination; and circular economy technologies.
c. Biotechnologies, including medicinal products on the Union list of critical medicines and their components. Including DNA/RNA; proteins and other molecules; cell and tissue culture and engineering; process biotechnology techniques; Gene and RNA vectors; bioinformatics; and nanobiotechnology.
These technologies are deemed critical where they meet either of the following conditions:
- a. they bring to the internal market an innovative, emerging and cutting-edge element with significant economic potential;
- b. they contribute to reducing or preventing strategic dependencies of the Union.
The Commission Guidance note, concerning certain provisions of STEP Regulation adopted on May 2024, provides detailed information on the criticality conditions. This call targets companies raising significant funding rounds and you must demonstrate an initial market interest such that the EIC investment acts as a catalyst for larger funding rounds. You will therefore need to demonstrate that the company already has a precommitment for an equity investment which meets the following elements:
- The pre-commitment is from a qualified investor, .
- The pre-commitment represents at least 20% of the total target funding round you are aiming to raise.
The following entities are eligible to apply:
- A single company classified as a SME or small mid-cap (up to 499 employees) established within a Member State or an Associated Country (see Annex 2 of the EIC Work Programme 2025). The company may have a holding entity for the purposes of the investment, and this holding company must also be established in a Member State or an Associated Country.
- An investor may submit a proposal on behalf of an eligible SME or small midcap as defined above, provided that a prior agreement exists with the company. The investment agreement will be signed with the selected SME or small mid-cap.