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Establishment of businesses in  North Aegean

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Information sheet for submitting applications for financing investment projects in the Action

The new Action “Strengthening the establishment of small and very small innovative enterprises of the North. Aegean, with priority in the fields of RIS3 "  aims to establish and strengthen innovative business activities,  creating incentives for the development of entrepreneurship,  improving the degree of economic exploitation of innovative ideas by turning them into marketable products / services,  improvement of entrepreneurship indicators in the Region.

Submission Period:

Start of Submissions: 19  December  2019

Deadline for Submissions: October 6, 2020

Eligible program KAD

Beneficiaries of the Action:



The following have the right to submit to the program:
(a) legal persons or
(b) natural persons who have attained the age of 18 years 

at the date of submission of the investment proposal, and which are

to set up small and very small businesses


Investment Plans & Support

Investment plans from 20,000  up to 300,000 euros.  

In the present action the public financing amounts to 60% and the private participation to 40%.

Basic Conditions for Participation

   The applicants  it must:  

  • To   have a date of commencement of activity mandatory after the date of submission of the proposal

  • Aim to develop / market / commercialize products or services through the implementation / integration of innovative ideas and innovative methods

  • They must be (since their establishment) of a speculative nature

  • The submitted proposal should fall under the Activity Code Numbers

  • Businesses must be based and implement the investment plan in the North Aegean Region

  • To be able to prove that they can secure at least 40% of it  budget of the Investment Plan


Subsidized Expenses


  • Costs for investments in assets

    • ​ Investments in building installations

    • Machinery - equipment

    • Intangible assets

    • Technological upgrade through the increase of ICT use

  • ​ Consultant agency

  • Aid for participation in trade fairs

    • Professional exhibitions held in Greece (up to € 10,000)

    • Professional exhibitions held abroad (up to € 20,000)

  • ​ Innovation Aid

    • ​ Expenditure on intangible assets

    • Expenditure on innovation services

    • Knowledge and patents

  • ​ Staff costs (Salary costs of new staff)

  • Operating costs

Expenditures incurred from the date of issuance of this invitation, ie 18/12/2019 are eligible.



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


For more information call the company phones: 2112155988 or  .

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