Funding is available for business innovation projects on the Greek market under the EEA & Norway grants. The funding comes through the Business Innovation Programme operated by Innovation Norway in Greece.
Our programme explainer – newsletters to make this funding scheme easier for you to digest. This is series 3 on Project Eligibility.
The Business Innovation Greece programme seeks to encourage and develop sustainable business cooperation between the Donor State (Norway) and Greece based on business innovation.
Project eligibility vs programme focus areas?
Projects must contribute to one or more of the following outcome indicators:
- Green Industry Innovation
- The Greek Project Promoter will be fully responsible for project implementation and co-financing of the project.
- Development of green products and services;
- Development and implementation of “greener production processes”.
- Blue Growth
- Development and investment in maritime supra structures;
- Development and investment in blue biotechnology;
- Development and investment in seabed mining resource;
- Development and investment in maritime coastal tourism;
- Development of products/solutions re. marine litter and waste;
- Development of products and solutions re. maritime transport; Development of products/solutions within fisheries/aquaculture;
- Development of solutions for blue energy;
- Development of technologies for water supply.
- Automation - solutions that substitutes human effort;
- Information - solutions that make relevant information more easily available;
- Transformation - solutions that help developing new products, services and business models.
Even though not formal eligibility criteria, further aspects should be considered related to the project concept in order to create an eligible profile (in conjunction with the evaluation and scoring methodology):
- The applicant is considered eligible only if the project's topic is strictly related with its current activity and also it follows one of the following areas of support (1) Innovative technologies, processes and services; (2) Sustainable business development; (3) Greening of existing businesses and processes or (4) Development and implementation of innovative products and services;
- The project’s value needs to be correlated with the economic and financial indicators of the company in order to avoid “elephant projects”; This means correlating indicators like turnover, staff count, profitability with the project value and grant requested.
- The project’s topic needs to be complementary with the current activity of the company.
- The project implementation period is no longer than the deadline for cost eligibility - 30 April 2024
Reach out to Winnovart for an independent analysis of your ration project-value-to-company-size, based on results from past competitions operated by the Fund Operator.
Project eligibility vs activity sectors
Following sectors are not eligible or have special eligibility provisions:
- shipbuilding sector - not eligible
- the transport sector as well as the related infrastructure - not eligible
- energy generation, distribution and infrastructure - not eligible
- Fishery and aquaculture sector – eligible with special provisions (R&D, Innovation for new solutions/products/technologies, but NOT investments)
Other project eligibility requirements
For more details about the project eligibility criteria we also recommend reviewing the following (our upcoming newsletters will address these topics:
- Project value to be in line with applicable funding conditions.
- Project activities to be in line Eligible activities and expenses.
- Evaluation and scoring criteria in the programmes’ guidelines.
The deadline for applications: 18 February 2021.
Reach out to fund operator
Reach out to us for an independent review of your funding readiness and eligibility for this funding programme.
Read more information about this call.