A Comprehensive Examination of the EIC STEP Scale Up Call and Its Impact on Startup Growth in Strategic Technology Domains within the European Union
EIC STEP Scale Up Call: An In-Depth Analysis The EIC STEP Scale Up call is a pivotal initiative under the framework of the European Innovation Council (EIC) Accelerator, formally defined in Article 48 of the Horizon Europe Regulation (2021/695). Following its amendment by Article 17(2) of the Strategic Technologies for Europe Platform (STEP) Regulation, this call aims to bolster the growth of high-potential startups and scale-ups focused on strategic technology domains. Regulatory Framework As stipulated in the EU legislative framework, the provisions concerning indirect management and the stipulations regarding parent and holding companies, as delineated under the Accelerator call, remain applicable to the EIC STEP Scale Up initiative. This alignment ensures a coherent approach towards innovation funding and management within the EU’s strategic technology landscape. Guidance Note Overview The Guidance Note pertaining to certain provisions of Regulation (EU) 2024/795 outlines the foundational principles governing the Strategic Technologies for Europe Platform (STEP). It elucidates the operational parameters and eligibility criteria for participation in the EIC STEP Scale Up call, thereby facilitating a comprehensive understanding of the strategic goals and logistical frameworks at play. Strategic Technologies for Europe The STEP initiative embodies a significant evolution in EU regulatory practices aimed at enhancing the accessibility of funding for innovative technologies. The thrust of STEP is articulated in its capacity to amend several pivotal directives and regulations, including: 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 Conclusion The EIC STEP Scale Up call represents a strategic avenue for entrepreneurs seeking to leverage EU funding mechanisms for scaling their innovative technology ventures. The careful interlinking of regulations and strategic objectives under the STEP framework underscores the European Union’s commitment to fostering a robust ecosystem for technological advancement and sustainable growth. For more detailed regulatory information, stakeholders may refer to the Official Journal of the European Union (OJ L) 2024/795 dated 29.2.2024, accessible at data.europa.eu.