EIB Group unveils €200M equity funding to support Greek startups and SMEs: Know more
Summary
“Financial instruments are key in this respect; they leverage private capital to support the most dynamic, promising enterprises of Europe, while their revolving nature makes the best possible use of scarce public resources. Successor initiatives like Equifund II, targeting risk equity financing in promising sectors of the Greek economy such as Life Sciences, will continue to play an important role in promoting cohesion, developing the growth of innovative companies in Greece, and boosting competitiveness across the EU,” adds Tsakiris. Falkstedt says, “We are delighted to be announcing the launch of EquiFund II, which represents a continuation of our successful partnership with the Greek government to foster the growing startup ecosystem in Greece.” “This new initiative reflects our common goal of unperturbed support for ambitious entrepreneurs with strong growth potential, at the same time driving innovation, competitiveness, social sustainability, and jobs, this time with a specific focus on the Life Sciences and Social Sustainability sectors. Papathanasis says, “The expansion of the financing perimeter and the wider support of entrepreneurship, especially small and medium-sized and startups, especially when they are active in innovation and sustainability, are a priority of the government’s economic policy, to cover the investment gap caused by the crisis, extroversion trends, and the long-term change of the country’s production model,” “In this direction, a lot has happened in recent years, but we are not complacent. The challenges of the new era are continuous and cooperation with European organizations such as the EIB Group reinforces our choice not to waste a single euro of the available resources, for an even more competitive economy, for a more cohesive society, with more and better-paid jobs for all our fellow citizens”, adds Papathanasis.