Start-up Entrepreneurship

The programme

The programme Young Entrepreneurship is for the creation of new small and micro-enterprises by unemployed people and those engaged in a professional activity who are not in paid employment. It aims to create micro and small, viable enterprises with an emphasis on innovative business plans and to enhance employment by creating sustainable new jobs.

Who it concerns

The program is open to:

• Unemployed  registered in the unemployment registers of OAED at the time of submission of the application.
• Individual service entrepreneurs who are active traders without an employment relationship and who are not in receipt of an old-age pension on the date of publication of the invitation.

Sole proprietors engaged in commercial activity are not eligible .

Program budget

The budget of the public expenditure amounts to 120 million euros and will be divided into two cycles

• 1st cycle 1st semester 2016: 60%

The present action of the first cycle is funded with an amount of EUR 72 million. Euro and is distributed among the regions as follows:

1. Eastern Macedonia & Thrace, Central Macedonia, Epirus, Thessaly, Western Greece: 43.440.000€
2. Western Macedonia, Ionian Islands, Peloponnese, North Aegean, Crete: 12.780.000€
3. Attica: 11.040.000 €
4. Central Greece: 2.760.000 €
5. South Aegean: 1.980.000 €

• 2nd cycle: 2nd semester 2016: 40%.

Amount of subsidy

The action supports business plans with a total investment budget from 15.000 euro to 60.000 euro for the coverage of eligible costs for a period of up to 24 (months) from the date of the decision to integrate the business plan.

The business plans to be funded will address the following strategic priority areas:

• Agri-food  Food industry
• Cultural and Creative Industries (CCI)
• Materials / Constructions
• Supply Chain
• Energy
• Environment
• Information and Communication Technologies ICT
• Health

Expenses subsidized

• Operating costs (rent of business premises, electricity, telephone, water and heating costs) up to 60% of the investment project
• Expenditure on third party fees (legal, accounting support) up to 8% of the investment project
• Expenditure on promotion, networking and participation in exhibitions up to 15% of the investment project
• Depreciation of fixed assets / Financial leasing of equipment up to 30% of the investment project
• Purchase / Finance lease of equipment / Interior design up to 40% of the investment plan (using a flexibility clause)
• Supply of consumables up to 15% of the investment project
• Insurance contributions of the beneficiary (entrepreneur/partners) up to 30% of the investment project
• Salary costs for new posts up to 24.000€
• Costs for preparation, submission, registration or renewal of a recognised industrial or intellectual property title up to 20% of the investment project
• Expenditure will be eligible only if incurred after 17.03.2016 the date of the start of the online submission of the funding application.
• Funding covers 100% of eligible costs.

Expenditure will be eligible only if incurred after 17.03.2016 the date of the start of the online submission of the funding application.

Funding covers 100% of eligible costs.

All eligible costs must relate exclusively to the period of implementation of the business plan.

Important dates

• The start of online submission will be on 17.03.2016 and will remain open until 27.04.2016.
• The date of eligibility of expenditure is defined as the date of the beneficiary's online submission for funding.
• Duration of Implementation of Investment Plan
  Η προθεσμία ολοκλήρωσης των χρηματοδοτούμενων επενδύσεων may not exceed thirty (30) months and one hundred and thirty-two (132) days in total from the date of the adoption of the decision of inclusion. In the event that a deadline set out above expires on a non-working day, it shall be extended until the first working day.

  Exceptionally, especially and only for those investment projects for which the date of adoption of the decision of inclusion in the Action is later than 11-06-2020, the deadline for their completion cannot exceed thirty (30) months from the date of adoption of the Decision of Inclusion.

  Όταν με βάση τις ανωτέρω ορισθείσες χρονικές διάρκειες υλοποίησης των επενδυτικών έργων οι προβλεπόμενες ημερομηνίες ολοκλήρωσης του φυσικού και οικονομικού αντικειμένου είναι μεταγενέστερες της 31-12-2023, τότε ορίζεται ως καταληκτική ημερομηνία ολοκλήρωσης η 31-12-2023.

Necessary supporting documents for submission

Supporting documents for Unemployed Beneficiaries

Supporting documents for the Beneficiaries of Professional Activity

Pre-calibration

Pre-calibration of the proposal

Useful files

Eligible nace code

21/2/2016
1st Amendment of the Call for Proposals of the "Young Entrepreneurship" Programme

11/2/2016
Call for Applications & Annexes

27/1/2017
Third (3rd) amendment of the Call for applications for funding of business plans in the Action "Start-up Entrepreneurship"

13/2/2018
Amendment of the Decision on the inclusion of State aid operations