Reinforcing Med Microfinance Network System for Start-ups

Greece National Mesures – METAVALLON VC

Name of responsible organization: Metavallon VC
Venture Website:
Starting year 2018End year
METAVALLON VC is one of the funds of EQUIFUND.  EQUIFUND is the Greek Fund of Funds created in 2013 ( METAVALLON is a venture capital firm investing in early-stage technology startups. It provides financing and hands-on development support through our pre-seed and seed stage investments. Founded in 2018, it has a portfolio of 35 investments in total.

What kind of activity does this measure finance?

Creation of new businessesNO
Strengthening of existing businessesYES
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)Agritech and food innovation, Cleantech and green energy, Deep tech and space, Healthtech and life sciences, Fintech.
Training activitiesNO
Other (specify)NO

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)Loans or Equity loans
Non-repayable grant (indicate the percentage of non-repayable fund)NO
Tax creditN/A
Other (specify)Loans From 30k to 500k €, or Equity

How does the activation of the measure work?

One-stop means Web Visit to 
Call with closing dateNo

Financial entity of the measure (indicate the resources allocated)

Overall amountN/A
% facilitation for each recipientΝ/Α
Minimum amount that can be financedN/A
Maximum amount that can be financedΝ/Α
Origin of financial resources (European, State, Regional authority, Municipal authority, other) funds + EIF + Private investors

Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
OPEN to every interested company/team that has a very good knowledge of their sector of activity.

Does the measure provide for accompaniment and training or only financial support?

Financial support + accompaniment/trainingNO
Only Financial supportNO

Is the measure considered a good practice and as such replicable in other national and / or international contexts?

YESYes, it is a good practice

How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives: 35 since 2018Total economic amount: N/A
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