Last week in European deep tech (Nov 24-30)

Viesturs Abelis

As the year winds down, funding announcements slowed while institutional moves took center stage. Germany’s decision to unify its deep tech funding structures and the European Space Agency’s record budget through 2028 signaled strategic shifts, while fund closures and program launches set the stage for 2026 deployment.

Policy & ecosystem

  • Germany unifies deeptech funding: DTCF to join HTGF in major VC platform overhaul [Tech.eu]
  • European spinouts are worth $473B [Dealroom]
  • European Space Agency secures record budget through 2028 [Euractiv]
  • First EIC Step Scale Up investments disbursed [EIC]
  • High interest in first EIC Pre-Accelerator call underscores relevance of new instrument [EIC]
  • EIT and Malta sign new Memorandum of Understanding to strengthen innovation cooperation [EIT]
  • Infineon and EIT Manufacturing empower deep-tech startups through the Edge AI Startup Challenge [Science | Business]
  • TUM IDEAward for biotechnology and nanotechnology teams [TUM]

Quantum & frontier tech

  • IQM to invest €40M to expand its Finland facility for quantum computer production [Silicon Canals]

Spacetech

  • European Space Agency tilts to defence at Bremen funding bash [Euractiv]
  • EIB launching Space TechEU programme to scale up Europe’s space sector [Press release]
  • EIF invests €40M in Nazca’s aerospace and defence fund in Spain [EIF]

Climate, energy & industrial tech

  • Future Energy Ventures closes largest European energy tech VC fund at €235M [TFN]
  • European Investment Fund pledges €70M to Klima2, Alantra’s next Energy Transition growth fund [EIF]
  • PowerUP nets €10M Series A to scale its dual-use hydrogen technology [Tech.eu]
  • Finnish CleanTech startup Sofi Filtration gains €900k boost for critical-mineral recovery technology [EU-Startups]
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