The main objective of the "Innovation Continent: Creation and Support of Startup & Spin-off Companies" is the establishment and support of new Startups & Spin-off Companies that are or will be active in the Region of Epirus and invest in innovation, for the development of competitive innovative products and/or services that they plan to market.
For Sub-Action 1: Creation of Startup & Spin-off businesses in Epirus
- Be under recommendation Business. Under establishment means enterprises that have a draft statute signed by all members/partners and will start operations at the competent tax office after the online submission of the application for funding. In this case, the corporate form of the company under establishment will be identified and assessed.
- Submit a business plan, as well as all the necessary data, supporting documents and forms, as defined by this notice.
- Submit one proposal per P.O.B. (the P.O.B. of all members/partners of the scheme is counted).
- Commit to:
and other conditions of the action which must be cumulatively fulfilled.
For Sub-Action 2: Support for new Startup & Spin-off companies in Epirus
- Be a new business. New enterprises are defined as existing enterprises that have started operations from 1 January 2023 onwards.
- Submit a business plan, as well as all the necessary data, supporting documents and forms, as defined by this notice.
- Submit one proposal per P.O.B.
- Be included in small and micro enterprises as defined in Commission Recommendation 2003/361/EC of 6 May 2003 and in Annex I of Commission Regulation (EU) No 651/2014 of 17 June 2014, as applicable, on the definition of micro, small and medium-sized enterprises.
- To operate in a single business establishment, and to incur the corresponding expenses in the Region of Epirus. It is not allowed to establish a branch office during the whole period of implementation of the Business Plan, under penalty of revocation of the Decision of Inclusion and reimbursement of any public funding received.
- be active in at least one of the eligible sectors of activity (Sectors) listed in ANNEX XVI ELIGIBLE ACTIVITY CODE (Sectors) and incur the corresponding expenditure in the eligible Sectors. Please note that where 4-digit NACE codes (e.g. 10.11) are considered eligible, all further breakdowns (e.g. 10.11.11, 10.11.20.01) are included.
- Maintain the existing, 2025 enterprise's existing PPAs (1/1/2025 - 12/31/2025) throughout the duration of the operation, as described in paragraph 13.1.
- Have the investment ID prior to the issuance of this document.
and other conditions of the action which must be cumulatively fulfilled.