Published the extending the deadline for online submission of project funding applications to the Action of the ERANEK: Support for National Register Start-ups "Elevate Greece" to tackle the Covid-19 pandemic - Cycle B. According to the relevant Decision, the deadline for online submission of funding applications is extended until 30 November 2022 and time 15.00, from the 31 October 2022 at 15.00, as applicable.

Objective of the Action

The Action aims to enhancing the entrepreneurship and liquidity of start-up/innovative SMEs, active in the fields of Smart Specialisation/RIS3 of the National Registry of Young Entrepreneurs "Elevate Greece". The second round of the Action comes to support these enterprises (in the affected KAUs) with non-repayable aid (working capital), so that they can remain sustainable and not lose work posistions, taking into account the adverse circumstances of the COVID-19 crisis and the prolonged outbreak of the disease.

Elevate Greece - Budget of the Action

34 million euros for all regions of the country.

React EU - Action funded as part of the Union's response to the COVID-19 pandemic

Beneficiaries

Innovative SMEs that are registered in the National Register of Innovative Enterprises/Elevate Greece, elevategreece.gov.gr .

Grant

The public funding covers working capital up to 80% of the company's expenses for the reference year (2020 or 2021) with a minimum grant amount of 5,000 euros and a maximum of 100,000 euros.

Beneficiaries select the year in which they incurred the highest Working Capital costs, namely 2020 or 2021, 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:

• Commodity Markets (code 102)
• the Purchases of Raw Materials and Materials for Use (code 202)
• the total of Employee Benefits (excluding those employed in Agro-organic activities) (codes 181, 281, 481)
• miscellaneous operating expenses (codes 185, 285, 485)

The registered companies financed with the A.P. 1729/262/A2/ 16.03.2021 (AD: Ω88346MTLR-OHHY) Decision, as amended and in force, can be boosted cumulatively by both Calls with a maximum total amount of 100,000 euros. A single enterprise may not be supported under both calls for proposals for the same reference year, i.e. 2020.

Elevate Greece - Basic Conditions of Participation

Businesses should, inter alia, meet the following conditions:

• be registered in the National Register of New Enterprises / E.M.N.E. Elevate Greece, elevategreece.gov.gr.
• the company's activity is compatible with an area of the national smart specialisation strategy RIS3
• be micro, small or medium-sized enterprises;
• have started by 31.12.2021,
• be active in one of the eligible NACE code, in accordance with Annex I of the Detailed Call "ELIGIBLE ACTIVITIES (NACE code)", the NACE code is declared either as a main activity or as an activity with the highest revenues,
• 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,
• operate within the Greek territory, i.e. have a Greek VAT number or a certificate from the General Commercial Registry,
• the sum of the costs arising from the following categories of costs is equal to or greater than EUR 6,250.00: 1a. of Commodity Markets, 1b. of the Markets for AA Materials and Materials for Use, 1c. of the total of Employee Benefits (except those employed in Agro-organic activities), 1d. the total of the Miscellaneous Operating Expenses,
• keep haplographic or duplicative books of n. 4308/2014,
• have submitted an income tax and VAT return (if they are subject) for the reference year 2020 on time, in accordance with the tax legislation or a Solemn Declaration for those businesses that choose 2021 as the reference year, in accordance with ANNEX IV. If an E3 amendment return has been submitted after the deadline for submitting an income tax return, both must be submitted in order to verify that the amounts in the above-mentioned fields of the last timely return have actually been spent.
• In the case of a working capital grant in the context of all non-reimbursable aid actions for businesses affected by the 2014-2020 NSRF COVID-19 pandemic, the total amount of grants from this Action and the other above Actions, it must not exceed the sum of the amounts listed in the E3 Codes for the reference year, based on which the grant of this Call is calculated.

Beneficiary of the Action

General Secretariat for Research and Innovation

Online Submission Start Date: June 22, 2022 at 1:00 p.m.

Deadline for Electronic Submission: 30 November 2022 at 15.00