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EU boosts EIC budget for supporting deep tech R&D and strategic scale-ups

  • 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.

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