The Hellenic Development Investment Bank - EATE is implementing a new programme to support Greek innovative startups, through funds from the Resilience and Recovery Fund , as part of the activation of the Equity Platform tool of the "Greece 2.0" project.

Through the InnovateNow programme you will 100 million will be invested. in new venture capital funds; that will aim to strengthen the ecosystem of innovative startups, mobilising at least as many other private capital.

The aim is to attract managers and private investors to make investments, but also to stimulate research and development (R&D) of cutting-edge technologies.

Participants must have innovative characteristics and be active in fast-growing sectors of the economy, such as:

• of information technology
• biotechnology
• microelectronics

At the same time, to contribute to the production process through the development of:

• Cyber-physical systems
• IoT
• On-demand availability of computer system resources
• cognitive computing
• robotic applications
• artificial intelligence
• nanotechnology
• genomics
• cyberspace
• big da analysis etc.

This program also gives impetus to Greek University and Research institutions by promoting, in addition to the development of cutting-edge know-how, in the export activity of the country.

Yannis Tsakiris, Deputy Minister of Development and Investment for startups

"With the new financial tool "InnovateNow" and the contribution of the Recovery Fund, we are laying the foundations for further smart financing of innovative technology startups. At the same time, we contribute to the scaling up of research activity, while improving the business environment and the venture capital ecosystem. Our goal is to create even more appropriate conditions for the repatriation of highly trained human resources, who left the country during the economic crisis".

Haris Lambropoulos, President of EATE, Professor

""InnovateNow" frames complementary tools that have already worked, such as Equifund and others already announced by HDBI. In this way, we contribute to the creation of a new development framework for start-up innovation in our country."