The European Comission announced the second group of companies that have successfully passed the evaluation phase of the EIC Strategic Technologies for Europe Platform (STEP) Scale Up call. Together receiving up to a total of €90 million of equity investments, they will now go forward to the EIC Fund for investment decisions, subject to due diligence.
The EIC STEP Scale Up scheme provides investments of between €10 and €30 million (per company) aiming to leverage private co-investment and achieve financing rounds of €50 to €150 million or more. This addresses the market gap in such financing rounds which are critical for scaling breakthrough innovations in Europe.
The selected companies cover a range of strategic technologies for Europe:
- Multiverse Computing (Spain) – quantum/AI
- Hyimpulse Technologies (Germany) – satellite launch services
- Dronamics (Bulgaria, Ireland) – drones for cargo delivery
- Classiq technologies (Israel) – quantum software
The EIC STEP Scale Up call remains continuously open with evaluation sessions taking place every quarter.
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