The European Commission has completed final legal steps to establish the EU’s Scaleup Europe Fund, ready to start boosting Europe’s scale-up companies to grow faster and compete globally with a target of €5 billion. The Scaleup Europe Fund was first announced by European Commission president Ursula von der Leyen in 2025 to help ensure that Europe’s most promising companies can grow into global leaders. 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. Scaleup Europe Fund