Start-up and newly established very small, Small and Medium Enterprises, which will operate or are operating in the eligible KADs of the Call (Annex II ELIGIBLE ACTIVITIES – KADs).

Category A. Under establishment. Enterprises that will be established after the date of issuance of the Action announcement until the first disbursement of the grant and will operate exclusively in eligible KAD(s) throughout the implementation of the investment plan and until the repayment of the investment, in accordance with ANNEX II ELIGIBLE ACTIVITIES (KAD).

Category B. Newly established. The term newly established refers to businesses for which 12 months of continuous operation have not elapsed (12 months have not elapsed from the date of commencement of the business at the Public Investment Authority until the date of announcement of the Action). It is noted that they must operate exclusively in eligible KADs of the Action, which are included in Annex II - ELIGIBLE ACTIVITIES (KADs), upon submission of the funding application, throughout the implementation of the investment plan and until the repayment of the investment.

It is clarified that businesses must have the investment capital account before the first disbursement.

Beneficiaries must, among others, meet the following eligibility conditions:

The proposed investment plan must concern at least one of the eligible KADs of ANNEX II ELIGIBLE AREAS OF ACTIVITY (KADs), which the company must have before the first disbursement of the grant.
Submit a single funding application per VAT number to this Action.
To obtain a minimum score of 70 during the self-assessment of the investment plan based on the criteria in Annex III.
It is noted that it is not permissible to submit a funding application to the OPSKE if the above condition is not met.
To declare as the place/places for the implementation of the actions of this Action exclusively in one Region of the Country and in areas where the same aid intensity applies. The Region in which the investment project will be carried out is declared in the funding application. It is clarified that the company may implement expenses at the company's headquarters and/or in its branches, as long as all implementation points belong to the same region and the areas/places of implementation have the same aid intensity". Projects with a place of establishment in the Regional Unit of Mykonos and the Regional Unit of Thira, in the Municipality of Thira, except for the Municipal Community of Thirasia, as detailed in Section 2.2 REGIONS OF IMPLEMENTATION OF THE ACTION are excluded.
Provide evidence of securing Private Participation of the proposed investment project at a rate of at least 60%