Greece’s innovation economy is growing through the implementation of new programs and initiatives.

Greece with its new focus on technology, innovation & sustainability, is attracting billions in foreign investments in hi-tech infrastructure, manufacturing, startups, and R&D centers. Greece is boosting its position as an emerging technology hub for Southeast Europe.

From supercomputers to satellites to startups, Greece is building out its innovation economy and boosting its position as an emerging technology hub for Southeast Europe and the Eastern Mediterranean.

Building on its previous efforts to support Greece’s startups, the government has announced the EquiFund II program to support innovative new companies operating in the health and life sciences sectors and those developing applications for sustainability. The new program, which operates as a “fund of funds”, will have an initial budget of €200 million drawn from EU and Greek government sources.

In the last few weeks, Greece has launched a tender for the construction of a supercomputer east of Athens – the first for the country – and is moving ahead with its program to construct and launch a constellation of mini-observation satellites. With European co-financing, the Greek government also announced a fresh €200 million fund to support innovative start-ups in life sciences, health and sustainability.

More specifically Minister of Digital Governance Dimitris Papastergiou presided over the signing of a €60 million contract between the European Space Agency and UK-based satellite company Open Cosmos for seven mini satellites for Greece. The satellites, jointly funded by the Greek government and the European Union, will be launched in 2026 and will be built and operated in Greece. They represent the first step in a €200 million government program aimed at expanding Greece’s capacity in space and stimulating the country’s space industries.

Source: Enterprise Greece

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