| NBG Seeds | |||
| Name of responsible organization: NBG Bank | |||
| Website: www.NBG.gr | |||
| NATIONAL OR LOCAL | National | ||
| Starting year (of measure) | 2010 | End year | – |
| It is an annual competition for innovative entrepreneurial ideas/start-ups. It started in 2010 and now the 13th series is open and running. To the 10 best companies it offers: – 30.000€ to the 1st – 20.000€ to the 2nd – 10.000€ to the 3rd Free vouchers for services from world-known Tech providers to the rest of the winners. Winning Companies also receive mentoring and training according to a diagnosis of their needs and when ready are introduced to Equity Funds and Venture Capitals. Runner up Ideas/companies can also participate to entrepreneurial consultation events organized in 4 Greek cities by NBG Seeds, also annually, to improve their business plans. |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | All business sectors |
| Training activities | Yes |
| Other (specify) | No |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Grant amounts for 3 first winners summing to 50.000€ and free high-tech services for runner ups, through vouchers. |
| Non-repayable grant (indicate the percentage of non-repayable fund) | 30.000€ for 1st winner 20.000€ for 2nd winner 10.000€ for 3rd winner |
| Tax credit | N/A |
| Other (specify) | High tech services of 20.000€ total value |
How does the activation of the measure work?
| One-stop means | Web Visit to www.nbg.gr/en/business/business-seeds |
| Call with closing date | Yes |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | N/A |
| Maximum amount that can be financed | Ν/Α |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | NBG Bank |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | YES |
| Only Financial support | NO |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, it is a good practice |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: 30 (10 each year) | Total economic amount: 150.000€ plus 60.000€ total value of high tech services |
