EU Unveils 100 Billion Fund for Deep Tech Startups Launching Trusted Investors Network

72 companies have become members of the EIC Scaling Club, an initiative aimed at providing assistance to startups as they navigate their path to growth. The main objective of the EIC is to elevate 20% of these startups to the coveted unicorn status, with a valuation surpassing €1 billion. As a collective, the Scaling Club participants have already amassed an impressive €73 million (approximately $79 billion) in funding. Moreover, it is anticipated that further financial injections will occur in the coming months.