EIC STEP Scale Up Call: Funding Opportunities for Deep Tech Startups and SMEs
EIC STEP Scale Up Call Overview The EIC STEP Scale Up call represents a vital initiative within the framework of the European Innovation Council (EIC), specifically linked to the EIC Accelerator program. This call aims to bolster the growth of innovative technologies and to support scale-up operations within the European Union, particularly focusing on deep tech startups and SMEs. Established in accordance with Article 48 of the Horizon Europe Regulation – 2021/695, the EIC STEP Scale Up call provides a streamlined process for innovative companies to access funding. The recent amendments articulated in Article 17(2) of the STEP Regulation further enhance this framework, making it more adaptable to the needs of applicants in today’s rapidly evolving technological landscape. Key Features of the EIC STEP Scale Up Call The EIC STEP Scale Up call is particularly noteworthy for its alignment with broader strategies aimed at promoting European innovation. Key features of this initiative include: Funding Opportunities: The call provides substantial EIC funding that can be used for a variety of purposes, including R&D activities, market entry strategies, and scaling business operations. Non-Dilutive Funding: The EIC STEP Scale Up call offers a unique opportunity for startups to secure equity-free grants, differentiating it from other financing options that often require giving up equity. Eligibility Criteria: The eligibility for EIC Accelerator funding includes a range of criteria that align with EU priorities, focusing on sectors such as deep tech, green technologies, and digital innovation. Guidance Note The Guidance Note associated with the EIC STEP Scale Up call outlines specific provisions of Regulation (EU) 2024/795, which establishes the Strategic Technologies for Europe Platform (STEP). This regulation significantly amends various directives and regulations that impact funding processes across the EU, particularly for innovative SMEs and startups. Key amendments include: Directive 2003/87/EC Regulation (EU) 2021/1058 Regulation (EU) 2021/1056 Regulation (EU) 2021/1057 Regulation (EU) No 1303/2013 Regulation (EU) No 223/2014 Regulation (EU) 2021/1060 Regulation (EU) 2021/523 Regulation (EU) 2021/695 Regulation (EU) 2021/697 Regulation (EU) 2021/241 The official publication can be found in the Official Journal of the European Union (OJ L, 2024/795, 29.2.2024). This publication serves as an authoritative resource for understanding the scope and operational details of the EIC STEP Scale Up call. Applying for EIC STEP Scale Up Funding For SMEs and startups interested in the EIC STEP Scale Up call, understanding the EIC Accelerator application process is crucial. Interested parties should be aware of key steps involved in the application, including: Preparation of the Proposal: Applicants must craft a compelling proposal that aligns with the EIC Accelerator’s evaluation criteria. This includes demonstrating the innovative nature of their project and the potential market impact. Coaching Services: Utilizing EIC Accelerator coaching services can significantly enhance the quality of applications. Coaches provide insights into the evaluation process and help refine proposals to meet the expectations of evaluators. Funding Eligibility: It is essential to verify eligibility criteria and ensure that the project aligns with the goals outlined in the EIC STEP Scale Up call. Application Deadline: Keeping track of the EIC Accelerator application deadline 2025 is vital, as timely submission is critical for the success of the application. Best Practices for EIC Accelerator Applications To maximize the chances of securing funding through the EIC STEP Scale Up call, applicants are encouraged to follow best practices: Thorough Research: Conducting comprehensive research on Horizon Europe EIC initiatives and past successful applications can provide valuable insights. Clarity and Precision: Proposals should be clear, precise, and focused on the innovation’s impact, market potential, and scalability. Networking and Collaboration: Engaging with other startups and industry experts can foster collaboration, leading to stronger proposals. Feedback and Iteration: Before submitting, getting feedback from peers or mentors can help identify areas of improvement in the proposal. The EIC STEP Scale Up call is a transformative opportunity for European startups and SMEs seeking to enhance their innovation capabilities and grow within the competitive landscape. By leveraging the resources and guidance provided under the EIC framework, applicants can navigate the complexities of the application process and fulfill their scaling ambitions.