> ## Content Index
> Fetch the complete content index at: https://sovereigntymonitor.eu/llms.txt
> Use this file to discover other available public pages before exploring further.

# EIC puts forward Axelera AI for first STEP Scale Up investments
- URL: https://sovereigntymonitor.eu/news/2025-04-03-eic-step-scaleup-axelera-ai/
- Published: 2025-04-03T12:00:00.000Z
- Updated: 2026-10-23T04:00:25.000Z
- Description: The European Innovation Council put forward Dutch chip maker Axelera AI and five other firms for its first STEP Scale Up investments, with EU funding for Axelera reported near EUR 25 million pending due diligence.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #verified, #ai-drafted

Verified AI-drafted [European Innovation Council press release, 3 April 2025](https://eic.ec.europa.eu/news/first-companies-put-forward-major-investments-under-eic-step-scale-scheme-2025-04-03%5Fen?ref=sovereigntymonitor.eu)

**What it does not test.** It does not confirm the EIC Fund has yet made a final investment decision or disbursed any money.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)