EIC STEP Scale Up Call: Funding Support for Emerging Technologies in Europe
EIC STEP Scale Up Call and Support for Emerging Technologies The EIC STEP Scale Up call is a crucial initiative launched by the European Innovation Council (EIC), aimed at promoting cutting-edge technologies and innovations within multiple sectors, particularly in digital technologies, clean and resource-efficient technologies, including those aimed at achieving net-zero targets, and advanced biotechnologies. This initiative not only aligns with the overarching goals of the Horizon Europe framework but also emphasizes strategic areas that support the ongoing Chips Act and address health emergency responses. With a dedicated budget, the EIC STEP Scale Up also facilitates follow-on investments for companies that have successfully navigated previous EIC Work Programmes, ensuring continuity and growth in their innovation journey. Target Areas for Investment In 2025, the EIC STEP Scale Up call will particularly focus on supporting startups engaged in semiconductor and quantum technologies. These areas are deemed essential for technological sovereignty and economic resilience within the European Union. The STEP Scale Up call will foresee larger investments specifically targeting these strategic technologies, in close alignment with the objectives of the Chips Act and the EU’s broader commitment to fostering a vibrant digital economy. Furthermore, the EIC Accelerator Open call will continue to be available for startups and SMEs, including those focused on emerging fields such as quantum computing and semiconductor manufacturing, thus providing a rich pool of opportunities for innovation-driven enterprises. Innovation Prizes and Supporting Actions The EIC Work Programme is structured not only to offer funding but also to promote a variety of innovation prizes and associated actions that enhance the operational effectiveness of the EIC. These actions encompass expert contracts, data management capabilities, comprehensive communication strategies, and IT services. By nurturing a supportive ecosystem, the EIC aims to streamline processes that foster innovation and boost the potential for successful outcomes in funded projects. Such initiatives are vital as they ensure that the EIC remains at the forefront of driving technological advancements across Europe. Maximizing Linkages Between Funding Schemes In an effort to create synergies within various funding schemes, the EIC will take proactive measures to maximize linkages and foster collaboration among different initiatives. This includes the introduction of innovative funding instruments such as ‘Booster’ grants for projects under the EIC Pathfinder and EIC Transition. These grants aim to support early-stage research projects in their subsequent phases. The Fast Track scheme will be instrumental in expediting access for successful projects from EU programs to transition into the EIC Accelerator, thereby enhancing the chances of obtaining vital EIC funding. Additionally, the Plug-in initiative will facilitate seamless access to projects stemming from national programs, further enriching the funding landscape for European startups. Upcoming EIC Pre-Accelerator Call In line with the Horizon Europe Work Programme 2025, a pilot EIC Pre-Accelerator call is anticipated. This call aims to support early-stage deep tech startups in developing the necessary technology, business framework, and investment readiness. By doing so, it prepares these startups for the rigorous application process for funding from the EIC Accelerator or other funding sources. It is particularly noteworthy that beneficiaries under the Pre-Accelerator call will also gain access to specific Business Acceleration Services and the Fast Track mechanism into the EIC Accelerator. This layered approach ensures that startups are equipped with the tools and knowledge necessary to navigate the complex landscape of European funding opportunities effectively. Understanding EIC Accelerator Funding The EIC Accelerator acts as a pillar for non-dilutive funding for startups, offering a unique blend of grants and equity funding tailored for innovative companies. Entrepreneurs can learn about the differences between EIC Accelerator grants vs equity, understanding how these funding mechanisms can complement each other. Knowing the EIC Accelerator funding eligibility criteria and the EIC Accelerator application deadline 2025 is essential for startups aiming to secure funding. Startups can enhance their prospects with EIC Accelerator proposal writing tips, strategies, and best practices for a successful application. Furthermore, EIC Accelerator coaching services provide invaluable support, equipping applicants with the insights needed to meet the EIC Accelerator evaluation criteria. Conclusion This comprehensive framework of support mechanisms not only underscores the EIC’s commitment to fostering innovation and technological advancement across Europe but also illustrates the scale and scope of European startup funding opportunities. By addressing critical areas in technology and supporting early-stage innovations, the EIC is paving the way for a thriving ecosystem that nurtures deep tech startups and promotes sustainable growth within the European Union. The EIC’s various funding initiatives, including the upcoming EIC STEP Scale Up and the forthcoming EIC Pre-Accelerator call, are testaments to its proactive approach in shaping a prosperous future marked by technological excellence and resilience.