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Upgrading very small & small existing businesses by developing their capabilities in new markets  


The program aims to improve the quality of products and services offered or to create new products / services that will meet specific market needs. Also, investment plans can aim to reduce costs or increase the efficiency of operational and production processes.


They can participate

Existing & new very small and small businesses

  1. Existing companies that are active in the 8 strategic priority areas and keep books of BD and C 'category, which until 31.12.2015 have closed two or more management years or

  2. New companies that are active in the 8 strategic priority areas and do not fall into the above category of existing and have been established until 31.12.2015.



















They are subsidized with

amount of 15,000 euros  up to 200,000 euros

The funding covers 40% of the eligible costs and is increased by 10%, reaching 50% in the case of hiring new staff.


They are subsidized for

  • Buildings, other facilities and surrounding area, Machinery - Equipment

  • Environmental protection & energy & water saving facilities

  • Development & Certification of quality assurance & environmental management systems

  • Actions for patents and intellectual property protection at national, European and international level or for the acquisition and use of patents and the transfer of know-how.

  • Technical support costs for concluding cooperation agreements with foreign companies or Joint-Ventures, related to new markets or new products / services.

  • Certification & standardization of final products / services according to recognized standards (eg CE).

  • Salary costs of employees (existing and / or new staff)


Expenditures will be eligible ONLY if they are made after 11.02.2016 date of publication of the invitation.


Basic conditions for participation

In the event that the company has received aid from a previous program, including the aid from this action, it should not exceed the amount of 200,000 euros (or 100,000 euros for the transport sector) within three years (current calendar year and the previous two years).


When and how do I apply for funding

  • Funding applications are submitted ONLY electronically.

  • The start of the electronic submission will be on 07.04.2016 and will remain open until 08.07.2016.

  • There is no question of priority of submitting the files as the evaluation for all the proposals will start after 08.07.2016.

  • The companies that will be evaluated positively in the action will be informed about the exact time and place of sending / receipt of the physical file that will include the supporting documents.



  • Activities related to tourism, retail and catering.

  • Activities not supported under the De minimis Aid Regulation (EC 1407/2013) and generally relating to fisheries, aquaculture, primary agricultural production, processing and marketing of agricultural products (in cases where the aid is determined on the basis of their price or quantity or attributed to primary producers), exports to third countries and aid for which the use of domestic goods instead of imported ones is set as a condition.



  Indicative categories of eligible costs for the two-year aid period are:

  • the modernization and quality upgrade of buildings and other infrastructures,

  • the simplification / automation of operational and productive activities through the modernization of equipment and the introduction and / or increase of the use of ICT,

  • the redesign and certification of operations and products of companies through organizational innovation techniques, restructuring actions, product / service redefinition with the use of design methodologies,

  • the acquisition of know-how for new products and services through participation in exhibitions, conferences, etc.

  • relocation to existing industrial areas (industrial areas), business parks and technology parks,

  • the fees of third parties.


It is noted that the salary costs of existing or new staff that will be employed in the specific project are also eligible. In detail, the eligible cost categories  will be defined in the Program Invitation.  The start date of its eligibility is defined as the date of its submission  application for funding.


Ependysis Business Consultants , with executives who have previously evaluated and not only submit NSRF investment proposals, can successfully undertake the submission as well as the monitoring of your investment plan.

For more information call the company's phones at: 2112155988 or email .

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