Exclusive: EIC wants €5bn Scaleup Europe Fund to back more deep tech

Michiel Scheffer, board president, European Investment Commission. Press photo/Impact Loop design
27 Oct 2026
05:00
Most of the deals made so far by the EU’s €5bn Scaleup Europe Fund have gone to AI and software companies.

Michiel Scheffer, president of the European Innovation Council’s board, says that he would like to the EQT-managed fund "enabling more big capex outlays."

“The board would like to see a closer fit between our deep tech portfolio and what they have chosen,” Michiel Scheffer tells Impact Loop.

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