HORIZON-EIC-2026-STEP

EIC STEP Scale Up

Status
open for submission
Programme
Horizon Europe (HORIZON)
Action type
HORIZON EIC Equity Only
Opens
6 Nov 2025
Deadline
25 Nov 2026
Fetched
15 Jul 2026, 07:18 UTC
Plain-language summary

EIC STEP Scale Up offers equity investments €10-30M for scaling high-risk innovations in critical EU tech sectors.

This call provides equity-only investments from €10 million up to €30 million to scale up innovative companies in Europe's critical technology areas. It targets SMEs and small mid-caps aiming to raise larger funding rounds of €50-150 million. The funding supports strategic technologies including semiconductors and quantum tech, with a focus on EU economic growth and sovereignty.

Likely relevant for

  • SMEs and small mid-caps in critical technology sectors
  • Companies seeking large-scale equity investment (€10-30M)
  • Innovators in digital, clean, biotech, and strategic technologies
  • Firms aiming to scale up high-risk innovations
  • Applicants with pre-commitment from qualified investors

Project signals

Focus on critical technologies per STEP regulationScale-up stage with high-risk innovationFunding round target €50-150 millionInvestment to catalyse larger funding rounds

What it funds

  • Equity-only investments for scaling innovative SMEs and small mid-caps
  • Critical technology areas: digital, clean, biotech, semiconductors, quantum, and others per STEP regulation
  • Investments from €10 million to €30 million per company
  • Funding rounds between €50 million and €150 million, with EIC investment as catalyst

Expected outcomes

  • Acceleration of market launch and growth of critical technology innovations
  • Strengthening EU economic growth and job creation
  • Safeguarding EU value chains and technological sovereignty
  • Facilitation of access to further EU and external funding via Sovereignty Seal

Who can apply / participate

  • Single SME or small mid-cap (up to 499 employees)
  • Holding companies established in EU Member State or Associated Country
  • Investors submitting on behalf of eligible companies with prior agreement
  • Single company application; no consortium required
  • Applicants must be established in EU Member States or Associated Countries
  • Company must be SME or small mid-cap
  • Must demonstrate pre-commitment from qualified investor representing at least 20% of funding round
  • Innovation must align with STEP critical technology areas
  • Investment request between €10 million and €30 million
  • Specific submission model details to verify in official documents

Must check before shortlisting

  • Eligibility of company size and location
  • Pre-commitment investor qualifications and amount
  • Alignment with STEP critical technology areas
  • Compliance with EIC Fund Investment Guidelines

Money

Indicative budget of €300 million for 2026, expected to rise to €900 million for 2025-2027. Investments range from €10M to €30M per company.

  • Total indicative budget 2026 — 300000000EUR
    Expected to increase to €900 million for 2025-2027
  • Minimum investment per company — 10000000EUR
    Equity-only investment
  • Maximum investment per company — 30000000EUR
    Equity-only investment

Application notes

  • Submission is continuous with deadline on 25 November 2026. Specific submission model details should be verified in the official call documents.
  • Proposal must comply with page limits and layout as per application form
  • Pre-commitment from qualified investor required
  • Company must demonstrate initial market interest and funding round plans
  • Applicants must meet admissibility and eligibility criteria per EIC Work Programme 2026
  • Prepare proposal aligned with STEP critical technology areas
  • Demonstrate pre-commitment from qualified investor ≥20% of funding round
  • Submit application via Funding & Tenders Portal before deadline
  • Engage with EIC Fund for investment negotiation
  • Investment terms negotiated case-by-case
  • Company must retain most value and IP in EU or Associated Countries
  • Safeguard measures may apply to protect EU interests
  • Applicants should consider complementarity with InvestEU products

Derived from official EU Funding portal source · updated 22 Jun 2026, 16:11 UTC. Use this as a shortlisting aid; the official call text remains authoritative.

Related calls

These funding calls are closely related and may be worth considering as part of the same funding landscape.

Official source text

Fine print from the EU source record. Expand when you need the original wording.

Topic description

Expected Outcome: The EIC STEP Scale Up call offers a total indicative budget of EUR 300 million for 2026, which is expected to rise to EUR 900 million for the period 2025-2027. Any unused amount from this budget will be allocated with priority to the EIC Accelerator Open call. The support will be in the form of equity-only investments managed by the EIC Fund. Applicants to this call will not receive a grant component. It provides significant financial support, and applicants should apply for an investment of a minimum of EUR 10 million and maximum of EUR 30 million, to co-invest in a funding round in the range of EUR 50 to 150 million, and at least three to five times the amount of the requested EIC contribution. The specific terms of each investment are considered and negotiated on a case-by-case basis in accordance with the EIC Fund Investment Guidelines. This ensures the investment is tailored to your company's needs while aligning with EIC's objectives. EIC STEP Scale Up is designed to fill the funding gap for companies to invest in the scale up of high-risk innovations and where the amount needed for the scale up cannot be fully financed by other investors, including InvestEU direct and indirect financial products provided by implementing partners. Applicants are encouraged to consider in particular complementarity with Venture Debt from InvestEU implementing partners in order to meet their financing needs. When implementing investments, the EIC Fund will ensure that supported companies keep most of their value, including their IP, in the EU or in the Associated Countries in order to contribute to their economic growth and job creation. Where necessary, the EIC Fund will be requested to take appropriate safeguard measures for individual companies on a case-by-case basis in order to protect European interests as defined in the Investment Guidelines. Beyond funding, your company will benefit from a strong support system that fosters your continued growth within Europe through Business Acceleration Services (details available in Section VII). Applicants to the EIC STEP Scale Up call who meet the evaluation thresholds will also be awarded a Sovereignty (STEP) Seal, to facilitate and provide possibility of the access to funding and support from other EU programmes and other funders and investors. Objective: The EIC STEP Scale Up call presents a unique opportunity for ambitious scale up companies (SMEs and small mid-caps) with game-changing innovations in Europe's critical technology areas . It offers a powerful combination of financial and strategic support designed to propel your groundbreaking solution to the forefront of these sectors. The companies selected under the EIC STEP Scale Up call shall receive investments ranging from EUR 10 to EUR 30 million . This investment can significantly accelerate the development and market launch of your technology, product, or service. With this funding, you'll gain the power to disrupt established markets and forge new ones across Europe, potentially achieving significant global impact. Crucially, this investment is designed to catalyse major funding rounds in the range of EUR 50 to 150 million, and at least 3-5 times the EIC investment. This call is part of the implementation of the Strategic Technologies for Europe Platform (STEP) which supports the development or manufacturing of critical technologies throughout the Union or safeguarding and strengthening their respective value chains. Besides, support from the EIC, the projects may be eligible for support under other EU programmes included in STEP. In 2026 support for start-ups in semiconductor technologies and quantum technologies will be pursued in particular through the STEP Scale Up call which foresees larger investments targeting strategic technologies including in support of the Chips Act. The EIC Accelerator Open call remains available in general for startups and SMEs including for quantum and semiconductor technologies.

Conditions and documents

General conditions

1. Admissibility Conditions: Proposal page limit and layout

In order to apply, your innovation must be within the scope of the priority areas defined in the STEP regulation, which includes Critical Raw Materials and further developed in the Guidance note:

a. Digital technologies, and deep tech innovations. This includes: advanced semiconductor technologies; artificial intelligence technologies; quantum technologies; advanced connectivity, navigation and digital technologies; advanced sensing technologies; robotics and autonomous systems; Deep tech innovations (see Glossary of the EIC Work Programme 2026).

b. Clean and resource efficient technologies, including net-zero technologies. This includes: solar technologies; onshore wind and offshore renewable technologies; battery and energy storage technologies; heat pumps and geothermal technologies; hydrogen technologies; sustainable biogas and biomethane technologies; carbon capture and storage technologies; electricity grid technologies; nuclear fission technologies, sustainable alternative fuel technologies; hydropower technologies; other renewable technologies; energy system -related energy efficiency technologies; renewable fuels of nonbiological origin technologies; biotech climate and energy solutions; transformative industrial technologies for decarbonisation; CO2 transport and utilisation technologies; wind and electric propulsion technologies; other nuclear technologies; advanced materials, manufacturing and recycling technologies, technologies vital to sustainability such as water purification and desalination; and circular economy technologies.

c. Biotechnologies, including medicinal products on the Union list of critical medicines and their components. Including DNA/RNA; proteins and other molecules; cell and tissue culture and engineering; process biotechnology techniques; Gene and RNA vectors; bioinformatics; and nanobiotechnology.

These technologies are deemed critical where they meet either of the following conditions:

a. they bring to the internal market an innovative, emerging and cutting-edge element with significant economic potential;

b. they contribute to reducing or preventing strategic dependencies of the Union.

The Commission Guidance note, concerning certain provisions of STEP Regulation adopted on May 2024, provides detailed information on the criticality conditions. This call targets companies raising significant funding rounds and you must demonstrate an initial market interest such that the EIC investment acts as a catalyst for larger funding rounds. You will therefore need to demonstrate that the company already has a precommitment for an equity investment which meets the following elements:

  • The pre-commitment comes from a single qualified investor with demonstrable know-how and experience in the relevant market, technology and jurisdiction and subject to KYC by the EIC Fund or the EIF.. The precommitted investor may be an existing investor in the company and does not necessarily need to be the investor who intends to lead the investment round;
  • The pre-commitment represents at least 20% of the total target funding round you are aiming to raise.

The following entities are eligible to apply:

  1. A single company classified as a SME or small mid-cap (up to 499 employees) established within a Member State or an Associated Country (see Annex 2 of the EIC Work Programme 2026). The company may have a holding entity for the purposes of the investment, and this holding company must also be established in a Member State or an Associated Country.
  2. An investor may submit a proposal on behalf of an eligible SME or small midcap as defined above, provided that a prior agreement exists with the company. The investment agreement will be signed with the selected SME or small mid-cap.

Proposal page limits and layout: described in Part B of the Application Form available in the Submission System.



2. Eligible Countries

described in Annex 2(B. Eligibility) of the EIC Work Programme 2026. 

3. Other Eligible Conditions

described in Annex 2(General conditions for proposals) of the EIC Work Programme 2026

4. Financial and operational capacity and exclusion

described in Annex 2(C. Financial and Operational Capacity) of the EIC Work Programme 2026

5a. Evaluation and award: Award criteria, scoring and thresholds

described in section VI of the EIC Work Programme 2026.

5b. Evaluation and award: Submission and evaluation processes

described in section VI of the EIC Work Programme 2026.

5c. Evaluation and award: Indicative timeline for evaluation and grant agreement

described in section VI of the EIC Work Programme 2026.

Support information

Online Manual is your guide on the procedures from proposal submission to managing your grant. Horizon Europe Programme Guide contains the detailed guidance to the structure, budget and political priorities of Horizon Europe. Funding & Tenders Portal FAQ – find the answers to most frequently asked questions on submission of proposals, evaluation and grant management. Research Enquiry Service – ask questions about any aspect of European research in general and the EU Research Framework Programmes in particular. National Contact Points (NCPs) – get guidance, practical information and assistance on participation in Horizon Europe. There are also NCPs in many non-EU and non-associated countries (‘third-countries’). Enterprise Europe Network – contact your EEN national contact for advice to businesses with special focus on SMEs. The support includes guidance on the EU research funding. IT Helpdesk – contact the Funding & Tenders Portal IT helpdesk for questions such as forgotten passwords, access rights and roles, technical aspects of submission of proposals, etc. European IPR Helpdesk assists you on intellectual property issues. CEN-CENELEC Research Helpdesk and ETSI Research Helpdesk – the European Standards Organisations advise you how to tackle standardisation in your project proposal. The European Charter for Researchers and the Code of Conduct for their recruitment – consult the general principles and requirements specifying the roles, responsibilities and entitlements of researchers, employers and funders of researchers. Partner Search help you find a partner organisation for your proposal.

Raw budget overview
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