EUR 21.5 million will be available to SMEs on the Greek market via the Business Development, Innovation and SMEs programme aiming to increase the value creation and sustainable growth in the Greek business sector. The programme is to be operated by Innovation Norway, with the programme partner being the Hellenic Fund for Entrepreneurship and Development S.A. (ETEAN), Athens. As part of the Norway Grants 2014-2021 financial mechanism, the programme focuses on contributing to the reduction of economic and social disparities in the European Economic Area (EEA) and to support the bilateral relations between Norway and the Beneficiary States.
The programme for Business Development, Innovation and SMEs in Greece will aim to increase the value creation and sustainable growth in the Greek business sector, with 3 focus areas: Green Industry Innovation, Blue Growth and ICT. 40% of the funding will be allocated to green industry innovation projects, 40% to blue growth and 20% to ICT. Projects that include bilateral partners bringing added value are strongly encouraged. 75% of the total funding will go to SMEs.
The projects should fit under 1 of the 4 general areas of support:
– Innovative technologies, processes and services
– Sustainable business development
– Greening of existing businesses and processes
– Development and implementation of innovative products and services
In the coming weeks, more information will be published regarding the funding conditions and eligibility requirements. Innovation Norway will afterwards organize national and regional information sessions in Greece and Norway with the first call for proposals expected to launch in January 2019.
More details about the overall funding allocation on the Greek market are available here.