The main takeaway from last week – there is (and will continue to be) money in Europe for deep tech and innovation.
The European Innovation Council signed off on €1.4B for 2026, the Innovation Fund committed €2.9B to net-zero tech, and a wave of sector-specific funds – from the Baltics’ €70M frontier fund to the Nordics’ €21M deep tech vehicle – signaled sustained conviction in the continent’s technical capabilities. These capabilities were also on full display across space tech, robotics, and more.
Here are the headlines from last week:
Policy & ecosystem
- Commission adopts 2026 European Innovation Council work programme, putting forward €1.4B to boost Europe’s deep tech innovation [Press release]
- Innovation Fund invests €2.9B in net-zero tech [Science | Business]
- Balnord unveils €70M fund for frontier and dual-use tech across the Baltics [Tech.eu]
- Inception Fund raises €21M to power Nordic deeptech startups [TFN]
- Quantum Systems, Rohlik join 100+ top execs in new €80M fund to back European AI and deeptech startups [Sifted]
- EIF injects €20M into TIN Capital’s Cyber Tech Fund V, pushing final close past €80M [Silicon Canals]
Spacetech
- Germany’s Reflex Aerospace raises €50M to build Europe’s next-gen satellite platforms [TFN]
- Irish Proveye secures European Space Agency contract to develop precision fertiliser platform [Tech.eu]
Biotech & medtech
- Paris-based nextProtein raises €18M to make insect-based ingredients mainstream and affordable [Silicon Canals]
- Sweden’s BOOST Pharma raises €3.1M for stem cell therapy for brittle bone disease [Startup Rise]
Climate, energy & industrial tech
- BTRY raises $5.7M to industrialize ultra-thin solid-state cells [Press release]
- Nordic cleantech DREV raises €2.8M to strengthen circular battery manufacturing [Arctic Startup]
- Mimic Robotics lands $16M to bring human-level dexterity to industrial robots [TFN]
- Adaptronics raises €3.15M to revolutionise robotic manipulation [Tech.eu]
- mu-ray.tech emerges from stealth and raises €325K to bring muon beam imaging to market [Tech.eu]
