Today, the European Commission completed the final legal steps to establish the Scaleup Europe Fund, which will start boosting Europe’s scaleup companies to grow faster and compete globally with a target of €5 billion. This is the goal of our Scaleup Europe Fund. With the adoption of the Fund’s legal documentation, the Scaleup Europe Fund is established as part of the European Innovation Council Fund. The Fund will support scaleup companies across critical technology areas, including artificial intelligence, quantum technologies, biotechnology and clean technologies. The Fund was created to help close this gap and keep the value of European innovation in Europe.