EIC Fund

The EIC Fund is the venture capital investment arm of the European Innovation Council, structured as an investment fund under private law with the European Commission as shareholder. It supplies the equity component of the EIC Accelerator and the STEP Scale Up call, taking minority stakes in European deep-tech companies. The European Investment Bank acts as investment advisor and investor of record, with an external fund manager running the portfolio.

Investments range from EUR 0.5 million to EUR 30 million across the EIC Accelerator and STEP Scale Up, with the fund typically taking minority equity stakes and following on in later rounds. It invests alongside private co-investors organised through its Trusted Investors Network, backing companies across the EU and Horizon Europe countries.