Last week in European deep tech (Dec 8-14)

Viesturs Abelis

The year-end fund and program announcement streak continued from last week, with substantial institutional commitments and continued momentum across sectors. The European Commission adopted the main Horizon Europe work programme for 2026-2027, deploying €14B, while the EIB’s €1B agreement with STMicroelectronics and Germany’s €623M chipmaker grants reinforced Europe’s semiconductor infrastructure push. 

Meanwhile, German researchers are teleporting information. 

Here are the headlines from last week. 

Policy & ecosystem

  • Commission invests €14B through Horizon Europe to boost global research and innovation leadership [EC]
  • U2V launches €60M fund for deeptech university spin-offs in Europe [Tech.eu]
  • Catalpa Ventures closes a €30M fund to back early-stage HealthTech innovation [EU-Startups]
  • EIT launches €70M call to boost STEM innovation and strengthen university cooperation [Science|Business]
  • Inside Ignite Next: the new scaleup program supercharging Europe’s deeptech [Tech.eu]
  • TU Delft leading in deep-tech and life sciences spin-offs [Science|Business]

Quantum & frontier tech

  • From sci-fi to reality: Researchers realise quantum teleportation using today’s internet tech [EC]
  • Decades-old mystery in particle physics solved [TUM]

Space tech

  • Satellite startup Iceye hits €2.4B valuation as it zeroes in on defence [Sifted]

Semiconductors

  • EIB and STMicroelectronics announce €1B agreement to boost Europe’s competitiveness and strategic autonomy [Science|Business]
  • Commission approves €623M German grant to two chipmakers [Euractiv]
  • Skycore Semiconductors raises €5M seed [Arctic Startup]
  • Quobly marks a new milestone towards industrialization [Semiconductor Digest]

Biotech & medtech

  • Pan Cancer T lands €10M to bring next-gen T-cell therapy to patients with deadly triple-negative breast cancer [TFN]
  • Germany’s Amplifold raises €5M to unfold rapid, affordable diagnostics using DNA-origami nanotechnology [EU-Startups]
  • Precision fermentation startup Melt&Marble lands €7.3M for animal-free lipids in skincare, food [TFN]

Climate, energy & industrial tech

  • Subsea desalination startup Flocean extends Series A to $22.5M, adds Xylem as strategic investor [Arctic Startup]
  • FION Energy raises €1.4M to expand AI-powered industrial battery solutions [Startup Rise]
  • Equixly raises €10M to tackle the API security crisis with agentic AI hackers [Tech.eu]
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