EIC Strategic Technologies for Europe Platform (STEP) Scale Up Call
The EIC Strategic Technology for Europe Platform (STEP) Scale Up Call represents an unprecedented opportunity for innovative companies that possess transformative technologies tailored to advancing the strategic technology landscape of Europe. This initiative is especially directed toward entities engaged in digital and deep tech, cleantech, or biotech sectors. The EIC STEP Scale-Up is designed to create a robust ecosystem for fostering innovation, encouraging collaboration, and driving economic growth throughout the continent.
Eligibility Criteria
- Innovative Technology: Does your company have a game-changing innovative technology focused on the development and commercialization of a strategic technology for Europe? This could include advancements in artificial intelligence, advanced materials, or healthcare solutions.
- Initial Investment: Has your company already secured an initial investment and is now looking to raise a major funding round to scale up rapidly and become a global leader? Companies must demonstrate previous funding achievements to qualify for the support under the EIC Accelerator.
- Significant Risks: Does the successful commercialization and scaling of your technology or innovation represent significant risks that preclude sufficient financing from market investors? Understanding the risk profile associated with innovative solutions is crucial for gaining EIC funding.
Companies that affirmatively answer all aforementioned questions are encouraged to consider the EIC STEP Scale Up Call as a potential launchpad to success. The call has been designed to provide substantial funding aimed at catalyzing groundbreaking innovation in strategic technologies, thereby enhancing Europe’s economic, industrial, and technological prowess. This funding opportunity aligns perfectly with the overarching goals of the European Innovation Council (EIC) in nurturing startups and SMEs.
About the STEP Scale Up Call
This call has been introduced as a pilot action following the STEP Regulation, which seeks to address a critical market gap in financing deep tech scale-up companies across Europe. Its primary objective is to inform decisions regarding future support mechanisms for strategic technology initiatives. The STEP Scale Up Call is part of a broader suite of EIC funding programs, including EIC Accelerator, EIC Pathfinder, and EIC Transition, each designed to address different stages of innovation and market readiness.
Why Should You Apply?
The EIC STEP Scale Up Call presents a unique opportunity tailored for ambitious scale-up companies (SMEs and small mid-caps) that are at the forefront of innovation within Europe’s critical technology sectors. Beyond financial investment, successful applicants gain access to invaluable EIC coaching services, which can enhance your proposal writing and prepare you for the competitive landscape of EU innovation funding.
Financial and Strategic Support
Selected companies under the EIC STEP Scale Up Call are eligible to receive investments ranging from EUR 10 million to EUR 30 million. Such financial backing can substantially accelerate the development and market launch of various technologies, products, or services. This funding is part of a broader effort by the European Union to support non-dilutive funding for startups and to foster an environment where innovative solutions can thrive.
The financial investment provided can empower your company to disrupt established markets and pave the way for the emergence of new ones, positioning your innovation prominently within the competitive landscape. With the backing of the EIC, companies can leverage additional resources, such as networking opportunities with industry leaders and potential customers.
Best Practices for the EIC Accelerator Application
When applying for the EIC STEP Scale Up Call, it is essential to follow best practices to improve your chances of success. Consider the following:
- Clearly Define Your Value Proposition: Clearly articulate how your technology contributes to strategic goals for Europe, ensuring that your innovation addresses existing gaps in the market.
- Demonstrate Market Potential: Provide data and analysis that illustrates the market demand for your technology, and how your solution offers an advantage over competitors.
- Risk Assessment: Conduct a thorough risk assessment that identifies potential challenges and outlines strategies for mitigation, showcasing your proactive approach to scaling.
- Engage with EIC Coaching Services: Utilize EIC coaching services not only for application guidance but also for strategic planning and business development insights.
- Learn from Case Studies: Review successful EIC Accelerator case studies to understand the evaluation criteria and what has worked for others in securing funding.
Conclusion
The EIC STEP Scale Up Call is more than just a funding opportunity; it is a chance to join a community of innovators dedicated to transforming the technological landscape of Europe. By applying for this call, you not only position your company at the forefront of strategic technologies but also contribute to the broader European innovation agenda. This initiative is a critical component of the EU’s Horizon Europe strategy, aiming to enhance the competitiveness and sustainability of European industries.
In summary, if you believe your company possess innovative technology that can reshape industries and drive economic growth, do not miss the chance to respond to the EIC STEP Scale Up Call. Stay informed about the EIC Accelerator application deadline 2025 and leverage the available resources to maximize your probability of securing funding and achieving your business ambitions.