Follow-up projects will receive grants of up to €2.5 million (US$2.7 million).
EIC accelerator
The largest scheme, at €634 million (US$685 million), will support start-ups and SMEs in developing, commercializing and scaling up their innovations.
Grants can be up to €2.5 million (US$2.7 million) and investments can be up to €10 million (US$10.8 million).
A notable addition to the program is the EIC Strategic Technologies for Europe Platform (STEP) scale-up scheme.
Operating with a budget of €300 million (US$324 million) in 2025, the initiative aims to provide even greater investment to companies introducing strategic technologies to the EU market.
The scheme aims to leverage private co-investment to achieve a total investment of EUR 50 million (USD 54 million) to EUR 150 million (USD 162 million), with a total investment of EUR 10 million (USD 162 million) per company. 10.8 million USD) to 30 million euros (32.4 million USD). ).
Eliminate funding shortages and foster innovation
The increased funding and new initiatives aim to address a significant market gap in deep technology scale-up funding in Europe.
By targeting digital technologies, clean and resource-efficient technologies and biotechnology, the EU aims to reduce strategic dependence and increase competitiveness in key sectors.
The program also includes measures to improve access to business acceleration services for start-ups in “expansion countries” with poor research and innovation performance.
Additionally, the introduction of the Seal of Excellence under various calls aims to facilitate access to complementary funding sources and business acceleration services.
Underscoring the potential impact of the program, Iliana Ivanova, Secretary for Innovation, Research, Culture, Education and Youth, said: “The European Innovation Council is an EU change agent supporting breakthrough innovation. Appeared.
