EU launches multi-billion euro fund to back deep-tech scale-ups

The European Commission announced the creation of a “Scaleup Europe Fund”, a multi-billion-euro investment vehicle aimed at supporting deep-technology startups and scale-ups across the EU. The fund will be privately managed and co-financed to participate in major investment rounds, strengthening Europe’s innovation ecosystem and competing more effectively with U.S. and Asian tech hubs. Early focus areas include quantum, advanced-materials, AI infrastructure and biotech. The initiative reflects an increasing shift in EU industrial policy from regulation toward proactive investment in future tech sectors.