The EIC Board has selected EQT, an investment firm, as the
fund manager for the new Scaleup Europe Fund. With a target volume of €5
billion, this is the largest EU initiative of its kind to date. It is
designed to support the growth of innovative deep-tech companies in
Europe.
The fund will focus on strategic sectors such as artificial
intelligence, quantum computing, clean energy, biotechnology and space.
The aim is to eliminate the late-stage funding gap, ensuring that
promising European scale-ups are not forced to rely on non-European
capital for continued growth. The fund was developed in collaboration with
a coalition of prominent European anchor investors who are participating
alongside the European Commission. Among the founding members are the
German insurance group Allianz, Novo Holdings, the Danish EIFO and the
Dutch pension fund ABP. The final legal agreements between EQT and the EIC
Fund are currently being drafted. The fund is scheduled to be officially
unveiled on 3 June 2026 at the EIC Summit, with the first investments
planned for autumn 2026. A further fundraising round to attract additional
investors is expected to follow in the second half of 2026.
The EU Defence Innovation Scheme (EUDIS) opens the doors
to the European Defence Fund (EDF) for small and medium-sized enterprises
(SMEs) and startups. The EUDIS program provides targeted support to help
them adapt civilian innovations for military use and offers the following
benefits:
The National Contact Point for the European Defense
Fund (NCP EDF) provides free advisory services to interested parties on
all related questions.
The European Commission has announced the selection of
eight companies that are set to receive equity financing through the
European Innovation Council’s (EIC) “Strategic Technologies for Europe
Platform” (STEP) Scale-Up funding call. Two of the selected startups are
from Germany.
The investments, which range from €10 to €30 million per
company, are intended to support the startups in establishing their market
position during the critical scale-up phase. The total planned investment
volume amounts to 146.5 million euros. The selection process at a
glance:
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Submissions: A total of 44 companies submitted a project
proposal.
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Interviews: Twenty-eight applicants were invited to an
interview with independent, high-level experts.
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Result: Eight companies met all the funding and
evaluation criteria.
These startups will now be presented to the EIC Fund for the
final investment decision. Fund allocation is subject to a successful due
diligence review and the conclusion of negotiations.
Good to know
Conditions for Equity Investments in the EIC
Accelerator
For an investment decision under the equity component of
the EIC Accelerator, qualified co-investors, such as venture capital funds
or business angels, must be committed and participate in the financing
round on market terms. The EIC Fund acts as an anchor investor and can
cover up to 50% of the total financing requirement of a round, but
generally does not take on the role of the lead investor. Co-investors do
not need to be secured at the time of application – however, Letters of
Intent (LOIs) attached to the full proposal are beneficial for the
evaluation.
Dates
EIC Summit June 3 and 4, 2026
Wednesday June 3, 2026, 10:00 am to Thursday June 4,
2026, 5:00 pm Brussels
The EIC Summit will take place on June 3 and 4, 2026 in
Tour & Taxis (Brussels). During the event, participants will have the
opportunity to network and meet EIC projects that will be presented in the
exhibition.
“Innovationstag Mittelstand” (SME Innovation
Day) on 11 June 2026
This year’s “Innovationstag Mittelstand”, organised by the
Federal Ministry for Economic Affairs and Energy (BMWE), will take place
in Berlin on 11 June 2026. Around 300 exhibitors from the SME sector will
present themselves and their groundbreaking developments, innovative
projects and new technologies, which have been realised with the support
of the BMWE.