The European Union will spend €1.4 billion (about $1.5 billion) next year to bolster deep tech research and support scale-ups.
The budget for the 2025 Work Program of the European Innovation Council (EIC) has been increased by nearly €200 million compared to last year.
The EIC STEP Scale-Up scheme will have a budget of €300 million in 2025 to secure larger investments in companies that bring strategic technologies to the EU and help avoid dependencies by unlocking private sector co-investment.
The EIC Work Program 2025 includes funding schemes for research-focused projects, commercialization-focused projects, and startup and SME support, with a total budget of €994 million.