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Global investment and innovation incentives

Updates

Stay up to date with all the latest news on Greek government’s incentives. Below, you will find announcements related to the investment and innovation incentives programs for entities operating in Greece.

New classification criteria for scientific and technological research (R&D) expenditure

The modernization of the eligibility criteria for research and development (R&D) expenditure is an important step towards converging Greek tax rules with international standards. A new joint ministerial decision issued on 29 June 2017 (and published in the official gazette on 11 July 2017) replaces the decision that has applied since 1987, generally incorporating the OECD guidelines (Frascati manual). The new R&D classification criteria align the Greek tax legislation with other EU jurisdictions, enabling a common R&D classification approach for tax super deduction and thus eases the European perspective on the Common Consolidated Corporate Tax Base (CCCTB). The updated definitions and broadened criteria for eligible R&D expenditure apply as from fiscal year 2017.

Read the update in Greek here

New classification criteria for scientific and technological research (R&D) expenditure

Research – Create – Innovate

On 10 March 2017, Greece’s Managing Authority for Research, Technological Development & Innovation Programs (EYDE-ETAK) published a call for proposals under a single program supporting research and innovation in strategic priority sectors of the Greek economy, based on the conclusions of the National Research and Innovation Strategy for Smart Specialization (RIS3). Qualifying beneficiaries may receive cash grants under the program.

Read the update in Greek here

Research – Create – Innovate

New Development Law 4399/2016. Calls for proposals on four state aid schemes

On 19 October 2016, the first four Ministerial Decisions of Development Law 4399/2016 became effective, launching the submission procedures for the state aid schemes for General Entrepreneurship, New Independent Small and Medium-Sized Enterprises (SMEs), Aid for Mechanical Equipment and Large Investments.

Read the update in Greek here

New Development Law 4399/2016 Calls for proposals on four state aid schemes

Grants announced for industrial and advanced functional materials

On 1 August 2016, Greece’s General Secretariat for Research and Technology (GSRT) announced an upcoming call for proposals for special activities supporting research, innovation and technological development, to be funded under the Partnership Agreement for the Development Framework (ESPA) 2014-2020. Eligible beneficiaries may receive cash grants.

One program, entitled “Industrial and advanced functional materials,” will support research and innovation projects in Greece
that are carried out by consortiums of research institutions and dynamic domestic enterprises.

Read the update in Greek here

 

Grants announced for industrial and advanced functional materials

Grants announced for open innovation relating to culture

On 1 August 2016, Greece’s General Secretariat for Research and Technology (GSRT) announced an upcoming call for proposals for special activities supporting research, innovation and technological development, to be funded under the Partnership Agreement for the Development Framework (ESPA) 2014-2020. Eligible beneficiaries may receive cash grants.
 

Read the update in Greek here

Grants announced for open innovation relating to culture

Grants announced for innovation in aquaculture

On 1 August 2016, Greece’s General Secretariat for Research and Technology (GSRT) announced an upcoming call for proposals for special activities supporting research, innovation and technological development, to be funded under the Partnership Agreement for the Development Framework (ESPA) 2014-2020. Eligible beneficiaries may receive cash grants.

Read the update in Greek here

 

New Development Law 4399/2016

The new development law soon will be available to private sector investors seeking state aid for their investment plans in Greece.

 

Read the update in Greek here

New Development Law 4399/2016

New ESPA 2014–2020 funding programs available

On 11 February 2016, the Greek Ministry of Economy, Development and Tourism announced four programs to provide grants to enterprises, under the National Strategic Reference Framework (ESPA) for 2014–2020.

Read the update in Greek here

New ESPA 2014–2020 funding programs available

EU LIFE programme for 2015 open for proposals

The EU LIFE programme has launched two calls for proposals, underlining its commitment to support projects that protect the environment and tackle the impact of climate change.

 

Read the update in Greek here

EU LIFE programme for 2015 open for proposals

Documentation requirements for long-term obligations of subsidized investments, under investment laws

Ministerial Decision No. 76 008 published in official gazette B 3653 on 31 December 2014 establishes a new documentation requirements and procedures for investment projects initiated under investment laws 3908/2011, 3299/2004, 2601/1998 and 1892/1992.

Read the update in Greek here

Documentation requirements for long-term obligations of subsidized investments, under investment laws

New ESPA programs announced

The Ministry of Development and Competitiveness recently announced that the first two funding programs under the Competitiveness, Entrepreneurship & Innovation Operational Program (ESPA) are expected to open in 2015:

  • Dynamic Business program that targets existing small and medium-sized enterprises (SMEs) wishing to upgrade the organization of their business and operations.
  • Business Opportunity program that targets long-term unemployed citizens wishing to start a business and hire an additional person.

Final announcements on the new programs are expected to be published after the new national institutional and regulatory framework for the projects are finalized; the programs will be co-financed under the terms of the new programming period 2014-2020.

Read the update in Greek here

New ESPA programs announced

Preliminary announcement released on new NSRF (ESPA) programs

Under a recent General Secretariat for Research and Technology (GSRT) announcement, the first funding programs for research, innovation and technological development that are expected to be issued under the new National Strategic Reference Framework (NSRF), and should be of interest to the business community, include the following:

  • Support for industrial utilization of research findings;
  • Support for young, highly-qualified scientists in the preliminary stages of transforming innovative ideas into business plans, and support for their implementation;
  • Development of integrated business structures in the agri-food sector through the introduction of innovative procedures; and
  • A new Development Program for Industrial Research & Technology (PAVET).

Final announcements on the new programs are expected to be published after the finalization of the new national institutional and regulatory framework for the projects, which will be co-financed under the terms of the new programming period 2014-2020.

Preliminary announcement released on new NSRF (ESPA) programs
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