Elevate Greece: Unlocking Greece’s startup ecosystem
Meet Elevate Greece, a new national platform, aimed to be the Official Registry for Startups in our country, strengthening, developing and extroverting the Greek innovation ecosystem.
This is the first attempt by the Greek state to keep track, guide and reward existing startups, while enabling them to connect to global networks, access banking products and attract investment funds. Elevate Greece points to make our country one global innovation hub that will play a leading role in Southeastern Europe.
Eligibility Criteria for the startups
Companies can be registered either through a fast track process or through evaluation by two independent judges. Especially, for the fast track process, a startup can be eligible if they gather specific characteristics, including companies
The Register monitors the progress of the startups based on specific KPIs, while the best of them will be awarded by the Official Supporters at the National Startup Awards, once a year. Moreover, Elevate Greece companies will be supported by further benefits and incentives, like international visibility, support measures offered by state authorities, funding, networking opportunities, updates, job openings and employment vacancies.
A typical example of a benefit that a registered startup will take advantage is a new action that announced recently by the Ministry of Development and Investment, funding 60 million euros through the NSRF. This initiative will enable companies registered in Elevate Greece to receive non-repayable funding of 5,000 euros up to 100,000 euros for Working Capital, in order to cover their expenses in purchases of consumer goods, raw materials and utilization materials, total benefits to employees and various operating expenses.