A new programme to support Greek businesses is being implemented by the Hellenic Development Investment Bank (EATE - pre-TANEO) through funds from the Resilience and Recovery Fund, in the context of the activation of the Equity Platform tool of the "Greece 2.0" project. Through the "Q-Equity" programme will be invested in this sector 400 million euros new venture capital funds. The aim is to strengthen Greek entrepreneurship through investments. Also the mobilisation of at least equal amounts of private capital.

The project is implemented in the framework of the National Recovery and Resilience Plan "Greece 2.0" with the funding of the European Union – NextGenerationEU.

The aim of "Q-Equity" is to create an appropriate investment confidence environment for the activation of domestic investment funds. But also to enhance the attraction of investment funds from abroad. It will complement existing alternative sources of funding, as an additional financial tool. A tool that will contribute to strengthening the competitiveness and resilience of Greek entrepreneurship.

EATE will make investment decisions based on financial criteria. It will participate, with a percentage of up to 50%, in newly established venture capital funds / private equity funds) that will invest through equity / quasi equity tools in companies that have a location in the Greek territory at the time of the investment.

Adonis Georgiades, Minister of Development & Investment evaluates the programme Q-Equity

"With the new and modern financial tool "Q-Equity" that we are activating, we are adding another link in the chain of initiatives and measures we are taking for the diverse support of Greek entrepreneurship and the implementation of investments. The guiding principle of our policy is The strengthening of Greek businesses for the implementation of productive and innovative investments aimed at improving their competitiveness and extroversion as well as the growth of the productive base of our country. To this end, we design and activate new financial tools, based on best practices at European and international level, and making the most of the funds of the strongest development program of recent decades, cumulatively the resources of the NSRF and the Recovery & Resilience Fund".

Estimation of Yannis Tsakiris, Deputy Minister of Development & Investments

"With the new financial tool "Q-Equity" and the contribution of the Recovery Fund, we are laying the foundations for further smart financing of fast-growing businesses. At the same time, we are expanding the set of financial tools to support SMEs through venture capital. Q-Equity comes to confirm once again, in practice our support to the small and medium-sized entrepreneurship which is essential, as we have committed, understanding how much it has been affected by the successive crises but also the great prospects he has."

Antigoni Lyberopoulou, Managing Director of EATE

"We continue our work seamlessly with the activation of Q-Equity. A new program that we designed with resources from the Recovery Fund in order to further enhance the creation of new funds that will invest in Greek companies, through a wide range of investment strategies. Our goal at HDBI is for our programs to have continuity and complementarity. So that there is no funding gap in the market. With consistency, we strive to ensure that there will be a continuous flow of funding for Greek entrepreneurship. This flow will evolve depending on both demand and the prospects of the economy."