Modernization of Small Businesses in Western Greece – Sole Proprietorships - Scientists

Public expenditure for the Action amounts to €2,000,000.

The subsidized budget of each investment plan should be proportionate to the business plan and may range from €5,000 to €10,000. 

If the investment plan’s budget is over the aforementioned limit, the excess amount will be considered as 100% private participation for the implementation of the plan and, although the excess expenses are not subsidized, the entire investment plan, including the excess cost, is subject to assessment and monitoring/ control.  

In any case, the project’s final subsidized budget cannot be less than the aforementioned minimum limit.

The project implementation period is twenty-four (24) months from the date of approval of the funding application.

Existing scientists' sole proprietorships, i.e. small and micro enterprises.

• One application per TIN across all sub-actions of the Action.
• Eligible activity code (KAD) defined as the main activity or as the one with the largest revenues (E3 form).
• Registered seat or place of establishment in Western Greece, and implementation of the investment exclusively within the Region of Western Greece.
• At least one full financial year prior to submission.
• The company’s highest annual turnover among the last 3 fully completed financial years should be ≤ €100,000.
• The company’s lowest annual turnover among the last 3 fully completed financial years should be ≥ €15,000.
• Investment budget within the limits set in the Call.
• Operating legally with a license or notification of commencement (where required). 
• Operating exclusively as sole proprietorships.
• Keeping single-entry or double-entry accounting records.
• Registration with the Beneficial Ownership Register.
• Not under bankruptcy proceedings, liquidation, compulsory administration.
• No pending rescue or restructuring aid.
• No order for the clawback of state aid.
• Compliance with de minimis limits (≤ €300,000/ 3-year).
• No implementation of expenditures prior to the Call.
• Explicit commitments to no double funding (both before AND after the approval).
• The place of implementation of the investment must not be the residence of the beneficiary (primary or secondary).
• Compliance with the legislation on the staff’s occupational health and safety for employees.
• Absence of grounds for exclusion (Greek Law 4488/2017).
• Promotion of gender equality and non-discrimination upon the implementation.
• Provision of accessibility for persons with disabilities, where required.
• Compliance with the EU Charter of Fundamental Rights.
• Submission of an online funding application, where all required information, supporting documents and forms are attached. 

Note that: Within twelve (12) months as of the issue of the inclusion decision, at least 30% of the physical and financial scope corresponding to the approved subsidized budget of the respective investment should have been implemented.
The overall participation conditions of beneficiaries are presented in detail in the Action guide.

The main expenses covered by the Program relate to:
• Buildings, facilities and surrounding area
• Improvement of accessibility
• Office or other equipment
• Software
• Accreditations 
• Product/ service design
• Corporate branding, Promotion
• Participation in exhibitions
• Indirect Costs 

The eligibility start date for expenditures is defined as the date of issuance of the detailed Call for Proposals.

Eligible costs are detailed in the Call File.

The aid intensity amounts to 50% of the eligible budget of the investment plan, while the remaining 50% should be covered by the company’s private participation.