The new EUR 260m Fund-of-Funds programme in Greece, launched on 22 December 2016 and managed by the EIF, aims to boost entrepreneurship and create a lasting impact on local businesses, by attracting private funding to all investment stages of the local equity market, ranging from entrepreneurship steps even before the early stage start-ups up to mature expansion companies. The Fund-of-Funds will be instrumental in unlocking the equity potential in the Greek market.
The Fund-of-Funds is co-financed by the EU through Structural and Investment Funds (ESIF) resources from the Operational Programme Competitiveness, Entrepreneurship and Innovation 2014-2020 and through the European Fund for Strategic Investments (EFSI), the heart of the Commission's Investment Plan for Europe. It is the first time that European Structural and Investment (ESI) Funds and the EFSI are combined in Greece.
Under this new programme, EIF is looking to invest in private-sector led, market-driven Venture Capital and Private Equity fund managers across Europe, focusing onto Greek companies. The new ESIF Fund-of-Funds will support technology transfer funds in Greece and will also kick-start investments into accelerator funds.
For eligible fund management companies interested in partnering with us under the ESIF Fund-of-Funds:
Apply by downloading and submitting the relevant application documents by 01 March 2017. EIF will select intermediaries after a full assessment and due diligence process. For more information about the eligibility and exclusion criteria for financial intermediaries please refer to the documents here below:
The attached Frequently Asked Questions (FAQs) are provided for the benefit of potential Applicants. The list consists of questions submitted to EIF in similar Calls and the replies have been reviewed in line with Call ESIF FoF 2016/01. They are to be considered as preliminary guidance. As stated in the body of the CEoI, additional questions have been submitted by 01 February 2017. Answers to these additional queries, were provided by 13 February 2017.
For SMEs and entrepreneurs looking for equity investments:
For a list of the financial intermediaries currently cooperating with in Greece please visit http://www.eif.org/what_we_do/where/index.htm. Please contact the intermediary directly to find out about eligibility criteria and financial conditions.
For a list of EFSI intermediaries see: EFSI Guarantees transactions and EFSI Equity transactions
For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance
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