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Innovation Fund in Greece

The General Secretariat of Research & Technology (GSRT) announced the plan to establish a private & public joint fund with a 30 million euro captital (21 million from the state) to invest in private companies that promise technological innovation in the following 5 sectors:

  • Health & Biotechnology
  • Food & Agriculture
  • Energy
  • Environment
  • Nanotechnology & Advanced Material
The funding will be provided in the following forms:
  • seed funding for startup ventures: ranging from 40.000€ up to 250.000€ per business plan
  • rampup funding for ventures: ranging from 250.000€ up to 1.500.000€ per business plan

The implementation of the Innovation Fund will be through the creation of joint funds, following an official public request for expression of interest from private funds from Greece or EU.

Update

The initial public consultation for the initiative is here -> Οδηγός Εφαρμογής, however it has signifcantly changed. According to unofficial info, the initiative will be made official in the next few days and within the next 2 months it will be setup. The body behind the execution of the initiative is TANEO.

Further details (in Greek) are available here -> ΓΓΕΤ: Ανακοινώσεις – Δελτία Τύπου, ΤΑΝΕΟ: Ανακοίνωση.