03 Apr 2025
First companies selected under EIC STEP Scale Up scheme
On 3 April, the European Commission revealed the first group of companies that have successfully passed the evaluation phase of the EIC Strategic Technologies for Europe Platform (STEP) Scale-Up call. The selected companies will now proceed to the EIC Fund for investment deliberations, subject to thorough due diligence.
From the initial 34 companies that submitted proposals to this inaugural batch, 22 were shortlisted and invited for interviews with independent high-level experts. Following these evaluations, seven companies have successfully met all criteria and will be considered for investment decisions by the EIC Fund.
The EIC STEP Scale Up call remains continuously open with evaluation sessions taking place every quarters. The call has a budget of €300 million in 2025, with projections to grow to €900 million over the period 2025-2027.
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