The purpose of these financial support instruments is to foster innovation, entrepreneurship, and economic growth in Greece. These initiatives aim to create a dynamic and competitive economy by supporting innovation, technological advancement, and the growth of new businesses.The beneficiaries range from businesses, public institutions, and non-profit organizations, to startups, including those in AI sector, and innovative and technology-driven companies, including AI start-ups and scale-ups.
Initiative overview
Financial Support instruments in GreeceNSRF 2021-2027: It covers various sectors, with significant funding available for digital transformation and innovation projects, including AI. It offers significant funding for digital transformation and innovation projects, including AI. It aims to strengthen the productive potential of the economy, infrastructure, human skills, and social protection.Elevate Greece: This is a government initiative aimed at identifying and supporting promising startups, including those in the AI sector, by providing access to resources and financing opportunities. It offers access to resources, financing opportunities, networking, mentorship, market research, and international visibility.EquiFund: A program launched by the Hellenic Republic in cooperation with the European Investment Fund (EIF), aiming to boost entrepreneurship and innovation in Greece by providing financing to start-ups, including those in the AI sector. It supports start-ups through various stages of growth by offering investment opportunities.Hellenic Development Bank (HDB): The HDB provides financial products and services to innovative and technology-driven companies, which include AI start-ups and scale-ups. It offers financial products and services, including loans and guarantees, to support the growth and development of businesses. It aims to promote fair, sustainable, and holistic economic development.