The Ministry of Development and Investments announces an NSRF call, amounting to 60 million euros, for working capital financing , in the form of a non-refundable grant, for start-ups that have registered with " Elevate Greece " .
Businesses registered in the National Registry of Start-ups – Elevate Greece, may receive non-refundable funding of between 5,000 euros and 100,000 euros for Working Capital with the aim of covering their expenses in the Purchase of Goods for Use, Raw Materials and Supplies, all Employee Benefits and various Operating Expenses.
The amount of aid is determined as a percentage of the Working Capital spent in 2019, of a minimum of 50%, and must be spent by the beneficiary within 2021. The application will be open from the day the call is published until 30/6/2021 at the latest.
This funding provides a significant "breathing space" for start-ups affected by the pandemic, in order to take their first critical steps.
In the context of the announcement of the NSRF action for start-ups registered in "Elevate Greece", the Minister of Development and Investments, Mr. Adonis Georgiades, stated:
"When we presented " Elevate Greece" together with the Prime Minister , we announced the creation of a special financial tool for startups that will register on this electronic platform, as an additional incentive for their registration but also as a practical demonstration of the support of the Ministry of Development and Investments for startups. What we announced a month ago is now being implemented. Greece and the Ministry of Development welcome startups from which we expect a lot in the future."
The Deputy Minister of Development and Investments, Member of Parliament for Corinth, Mr. Christos Dimas pointed out:
"With the creation of Elevate Greece, we had emphasized that the State has for the first time a tool through which it will be able to directly promote support policies for the startup ecosystem. Today, therefore, responding to the request of the entire ecosystem, we are proceeding with the financing of 60 million euros, through the National Strategic Reference Framework (NSRF), for startups that have completed their registration in Elevate Greece . "
At the same time, the co-responsible Deputy Minister of Development and Investments, Mr. Ioannis Tsakiris, emphasized:
"Start-up, innovative entrepreneurship plays a primary role in the transformation of our country's production model. By strengthening this critical sector of the economy through support and financial tools, with NSRF resources, we are creating the ideal conditions for accelerating the above transformation. Both this action, as well as other financial tools that will follow for start-ups, will guarantee their competitiveness and their distinction at the European level."
(*) More information about the invitation can be found at the following links:
- https://elevategreece.gov.gr/wp-content/uploads/2020/12/ELEVATE-GREECE_20201229_%CE%93%CE%93%CE%95%CE%A4.pdf
- http://www.antagonistikotita.gr/epanek/prokirixeis.asp?id=71&cs=
- http://www.gsrt.gr/central.aspx?sId=108I334I1246I646I446050&olID=777&neID=589&neTa= 20_122541&ncID=0&neHC=0&tbid=0&lrID=2&oldUIID=aI777I0I119I428I1089I0I3&actionID=load
