In Greece the focus is on the birth, in 2013, of EquiFund, a new instrument with an endowment of at least 260 million euros financed mostly by the Greek government and the European Investment Fund. The new fund focused on three sectors: research and innovation, companies in the creation phase and companies in the growth phase. And for each of these areas, specific funds were created, financed in part by EquiFund and in part by private investors: BIGPI Ventures; Metavallon Vc; Velocity Partners, Uni Fund. Other financial instruments at European level are NBG EaSI and PIRAEUS EaSI, which promote the creation and strengthening of existing businesses through small loans. NBG COSME and Alpha Cosme are aimed at selected financial intermediaries for specific investments, while NBG Seeds is an annual competition for start-ups, which by winning are entitled to grants and tutoring. We also find various subsidized microfinance projects for small and medium-sized enterprises in all sectors: AFI; Microstars; The People’s Trust; TMEDE Microfinance Solutions.
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| NAME | NBG Cosme | Big PI Ventures | NBG Seeds | ALPHA Cosme | NBG Cosme | Piraeus EasI | NBG EasI | METAVALLON VC | Velocity Partners | UNI.FUND | TEPICH II | AFI Microloans | Microstars | The People’s Trust | TMEDE Microfinance Solutions |
| NATIONAL MEASURE | X | X | X | X | X | X | X | X | X | X | X | ||||
| LOCAL MEASURE | X | X | X | ||||||||||||
| FINANCED ACTIVITY | Supporting visionary technology entrepreneurs in well-rounded teams building their startup or ready to scale up | It is an annual competition for innovative entrepreneurial ideas/start-ups. | Guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries | Guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries | Creation and strengthening of existing businesses + investments | Creation and strengthening of existing businesses + investments | Strengthening of existing businesses | Strengthening of existing businesses | Strengthening of existing businesses | Strengthening of existing businesses | Creation and strengthening of existing businesses + investments | Creation and strengthening of existing businesses + training | Creation and strengthening of existing businesses + training | Creation and strengthening of existing businesses + investments | |
| TYPE OF FINANCING | Loans or Equity loans | Grants for the winners | Mandatory minimum monthly payment of 5% on each balance (including interest and principal). INTEREST RATE Floating based on BEX | IR equals the 6month average BEX rate, duration up to 5 years and payout up to 1 year after. Low collateral. | Low-interest loan IR 6,45-8,60%, duration up to 5 years and payout up to 1 year after. No collateral. | Low-interest loan IR 6,45-8,60%, duration up to 5 years and payout up to 1 year after. No collateral. | Low-interest loan or equity | Low-interest loan or equity | Low-interest loan or equity | Development loans of 10k € to 500k € with a repayment term of up to 60 months. Investment loans of EUR 25 000 to EUR 1 500 000 with a repayment term of 5 to 10 years. Interest rates: 6,5-9,0% | Microloan (repayment up to 5 years) IR 7,47-8,60% | Microloan (repayment up to 5 years, IR 6,00-8,00%) | Microloan (repayment up to 2 years, zero interest rate) | Microloan | |
| ACTIVATION | One-stop shop | Web application | One-stop shop | One-stop shop | One-stop shop | One-stop shop | One-stop shop | One-stop shop | BANK | one-stop shop | one-stop shop | One-stop shop | |||
| FINANCEABLE AMOUNT | 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. | 10.000 to 150.000€ | 10.000 to 150.000€ | 3,000 – 25,000e | 5,000 – 25,000e | 30,000$ – 500,000$ | 30,000$ – 500,000$ | 30,000$ – 1M$ | 1000euros – 12,500 | 1,000 – 25,000 euros | 10,000 euros | 25,000 euros | |||
| TYPE OF SOCIAL STRUCTURE | Every interested company or individual. | Open to all interested candidates. | Companies (legal entities) with no pending loans or taxes and with a turnover of up to € 2.5 million. No other restrictions exist. | Companies (legal entities) with no pending loans or taxes and with a turnover of up to € 2.5 million. No other restrictions exist. | Only to Companies (legal entities) with no pending loans or taxes. No other restrictions exist. | Only to Companies (legal entities) with no pending loans or taxes. No other restrictions exist. | Is long-term unemployed, vulnerable categories, micro-entrepreneurs without access to bank lending. | ||||||||
| TYPE OF SUPPORT | Financial support + accompaniment/training | guarantee support | guarantee support | Only Financial Support | Only Financial Support | Financial support + accompaniment/training | Financial support + accompaniment/training | ||||||||
| FINANCED INITIATIVES OVER THE LAST 3 Y | 35 (SINCE 2013) | 30 (10 e year) | 35 | 26 | 25 | 350 | 45 | 260 | none |
