The deadline for online funding applications for the Action: support for start-ups of the National Register Elevate Greece to tackle the Covid-19 pandemic of EPANEK has been extended again. The new deadline for the submission of funding applications is Wednesday, November 10, 2021 at 15.00 instead of Friday, October 29, 2021 at 15:00.

The Action aims to strengthen the entrepreneurship and liquidity of start-ups/innovative SMEs (operating in Smart Specialisation/RIS3 sectors) of the National Registry of Start-ups Elevate Greece, under the adverse conditions of the COVID-19 crisis, which was exacerbated by the prolonged outbreak of the disease in the affected CDCs. The aid will take the form of a grant (working capital). This will keep businesses viable and no jobs will be lost.

Budget of the Action of Elevate Greece

The budget amounts to EUR 60 million. euros for all regions of the country.

The Action is co-financed by the European Regional Development Fund (ERDF) of the European Union and by national resources.

Beneficiaries of the Action

New innovative small and medium-sized enterprises that are registered in the National Register of Start-ups/E.M.N.E. Elevate Greece, www.elevategreece.gov.gr.

Grant

The public funding covers working capital up to 80% of the company's expenses for the reference year (2019 or 2020) with a minimum grant amount of 5,000 euros and a maximum of 100,000 euros.

Beneficiaries choose the year in which they incurred the highest working capital expenditure, namely 2019 or 2020 on which the requested grant amount will be calculated.

The subsidy of the beneficiary enterprises with expenses equal to or greater than the amount of 125,000 euros amounts to 100,000 euros. Businesses shall not be subsidised if the result of the audit demonstrates a sum of costs of less than EUR 6 250.

The amounts on which the exact grant amount will be calculated are derived from the sum of:

• purchases of goods for use
• the purchases of raw materials and materials for use
• of all benefits to employees (except those employed in Agricultural-Organic activities)
• of the various operating expenses

Basic Conditions of Participation in the Elevate Greece action

Businesses should, inter alia, meet the following conditions:

• Be registered in the National Register of Start-ups/Elevate Greece, established and maintained by the General Secretariat for Research and Innovation, Directorate for Supporting Research and Innovation Actions/Division C A Innovation
• The company's activity to be compatible with an area of the national smart specialisation strategy RIS3
• Be micro, small or medium-sized enterprises
• Have started by 31.12.2020
• Be active in one of the eligible SMRs, according to Annex I of the Detailed Call "ELIGIBLE ACTIVITIES (NACE CODES)"
• Operate exclusively with one of the following types of enterprises of corporate / commercial character: IKE, LTD, SA, based in the Greek Territory, or capital companies based abroad, which maintain a branch in Greece, provided that it has a Greek VAT number and is registered in the G.E.MI / General Commercial Registry
• Keep haplographic or duplicative books of n. 4308/2014
• Have submitted an income tax and VAT return (if they are subject) for the reporting year 2019 on time, in accordance with the tax legislation, or a Solemn Declaration for those businesses that choose 2020 as the reference year
• The total amount of public funding that the beneficiary will receive must not exceed in total nominal value the total ceiling of EUR 1,800,000

The evaluation of the submitted applications is done in order of priority (first in-first out), according to:

• the date and time of electronic submission to the State Aid Information System
• the total Public Funding (P.C.) of the call
• and the funding ceiling of EUR 100 000 given the adequacy of the budget

Please note that there will be no scoring of applications, only verification of compliance with the eligibility requirements. In case of exhaustion of the available budget, the GGEI will inform the potential beneficiaries through the relevant website: www.gsrt.gr and the website of the EIF EPRANEK: www.antagonistikotita.gr