The ” NEOPHY ENTREPRENEURSHIP ” program has been pre-published, which aims to support the development of healthy startup entrepreneurship that will be directly linked to the creation of new jobs. The program aims to create very small and sustainable businesses with an emphasis on innovative projects, as well as to boost employment.
Potential beneficiaries
Potential beneficiaries of the action, for the establishment of a new business, are natural persons born before 1.1.1991 or associations thereof, who:
- They are unemployed and registered in the OAED unemployment registers at the time of submitting the application or
- They are engaged in professional activity and are not in an employment relationship.
In the event of the establishment of a partnership, all partners must meet these conditions.
Eligibility Conditions
Income criteria for both categories of beneficiaries will be set out in the Program Invitation.
- The businesses that will be established within the framework of the investment proposals must: Start with the Tax Office at a time and in a legal form that will be defined in the Program Guide.
- Each eligible natural person may participate in the submission of only one investment proposal.
- The business plan must relate to the eligible categories of business activities.
- The total amount of de minimis aid that the undertaking has received in the past, including aid from this Action, must not exceed the amount of 200,000 euros (or 100,000 euros for the transport sector) within three years prior to the date of inclusion of the proposal.
- Activities related to catering and retail trade are excluded.
- The businesses to be established may take one of the following business forms: Limited Liability Company, General Partnership, Limited Liability Company, Private Limited Partnership, sole proprietorship as well as social cooperative enterprise of Law 4019/2011.
Eligible sectors
- Agri-food
- Energy
- Cultural and Creative Industries
- Supply Chain
- Environment
- Information and Communication Technologies (ICT)
- Health – Medicines
- Materials – Constructions
Eligible costs
Indicative categories of eligible costs are:
- The necessary professional production equipment at a rate of up to 40% of the total project budget.
- The operating cost of the activity.
- The costs of hosting in incubators for the first 2 years of operation.
- Advertising and networking costs.
- The cost of hired labor (in the case of hiring an employee) up to one annual labor unit (ALU).
- General equipment (desks, living rooms, etc.).
- Accessibility interventions for people with disabilities.
- Third party fees.
Businesses that will be subsidized for their production equipment must be maintained for at least three (3) years from the completion of the business plan.
Project budget
Within the framework of the program, projects with a total investment budget of up to 60,000.00 euros are supported.
Grant percentage
The grant percentage for investment proposals is set at 100% of the total investment budget.
Eligibility of expenses
The start of eligibility of expenses is defined as the date of submission of the funding application.
Implementation duration
The implementation duration of the projects is set at 24 months.
