Financial News : Gov't earmarks 30 mln euros to support innovative enterprises

The Greek government on Wednesday unveiled a new program aimed at offering incentives for the set up of new innovative enterprises, or supporting existing ones in developing innovative products and services.

The program, budgetted at 30 million euros, will begin next month and envisages offering financial support to manufacturing enterprises (30,000-300,000 euros), or other sectors (20,000-200,000 euros). Public funding will cover up to 50 pct of spending, while businessmen will have to cover at least 25 pct of the project in a wide range of businesses such as: machinery and laboratory equipment, IT/Telecommunications, patent-copyright, design and certificatin of products, services and procedures, technical, scientific and consulting support, promotion and communications, human resources and prototype development.

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