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The Ministry of National Economy and Finance, acting as a supporter of new high-value-added entrepreneurial initiatives that:
took the initiative to design the new Action to support the establishment and operation of new Small and Medium-sized Enterprises (SMEs) that will be implemented in all thirteen (13) Administrative Regions of the country.
In this action, proposals can be submitted by start-up and newly established medium-sized, small, and very small businesses.
Newly established enterprises are defined as those that have not been in continuous operation for 12 months from the date of establishment to the date of announcement of the action.
The eligible activity codes will be defined in the Detailed Call for Proposals of the Action. Those who are involved in supporting businesses in the Hospitality, Retail, and Tourism sectors will not be included.
The subsidized budget for each investment plan ranges from €40,000 to €400,000.
The subsidy will amount to 45% of the submitted expenses.
The subsidy rate may be increased by (a) 10% if the investment is made in remote, fire-affected, flood-prone areas or small islands, and (b) an additional 5% with the achievement of at least 0.2 FTE employment target in the first year after the completion of the investment.
The implementation duration of the physical and economic objectives of the investment plan is strictly set at 24 months, with no possibility of extension.
The eligible expenditure categories, as well as their maximum limits, will be defined in the detailed Call for Proposals of the Action.
Funding applications will be submitted electronically only, without the submission of a physical dossier, through the Integrated Information System for Managing State Aid (IISMSA). The deadline and the method of submission, the required documentation, the obligations of the beneficiaries, and other implementation terms will be described in the Detailed Call for Proposals of the Action.
The Comparative Evaluation will be applied for the evaluation of the Action.
For your convenience, please fill out the form and we will contact you for the appointment.