“Research – Innovate” subsidy: Cash grants for research and development projects – Aid intensity up to 80%

The new “Research – Innovate” program offers cash grants to businesses for research and development investment projects.

Eligible businesses have at least one closed full (annual) management use, emphasizing small and medium enterprises and research organizations.

Foreign companies (TIN/VAT Number holders) based in a Member State of the EU, which at the time of submission do not have a branch office in Greece, can also submit applications, under the commitment before the issue of any documentation, they will establish a branch office in the region where the R&D investment will take place.

This program’s main goal is to connect research and innovation with entrepreneurship and strengthen the competitiveness, productivity, and extroversion of businesses toward international markets, to transition to quality innovative entrepreneurship and growth of domestic added value.

Funding applications should relate to research and innovation projects and can be submitted in one of the four following sub-programs: 

I. Research and Development by Enterprises

Maximum aid intensity: 80%. 

Eligible investment budget: up to 800.000 €.

Total budget: €60 million.

Closing date for online applications: 10 July 2024

Maximum aid intensity: 80%. 

Eligible investment budget: up to 2.000.000 €.

Total budget: €180 million.

Closing date for online applications: 17 July 2024

Beneficiaries: business partnerships, research organizations

Maximum aid intensity: 60%. 

Eligible investment budget: up to 2.000.000 €.

Evaluation method: based on the order in which the proposals are submitted (FIFO) and until the available budget is exhausted and no later than 27.11.2024.

Total budget: €39 million.

Beneficiaries: Small and medium enterprises (SME)

Eligible investment budget: at the limit of the budget approved by Horizon Europe

Maximum aid intensity: 70%. 

Evaluation method: based on the order in which the proposals are submitted (FIFO) and until the available budget is exhausted and no later than 27.11.2024.

Total budget: €21 million.

Beneficiaries: Small and medium enterprises (SME)

Indicative eligible R&D investment categories per sector

Environment and Circular Economy

• Waste management
• Soil and Water Health
• Air pollution
• Protection, enhancement, and sustainable management of biodiversity
• Climate change mitigation and adaptation and natural disaster response

Life Sciences – Health

• Development of pharmaceutical products with high-added value
• Development of combination products-technologies for targeted therapeutic solutions
• Clinical Research

Materials – Construction & Industry

• Equipment & systems for the transition to digitized industrial production
• Materials, processes, layouts & production systems for the circular economy
• Nanotechnology
• Materials, processes and devices for energy production, transport and storage

Digital Technologies

• Data and information management technologies, Smart networks & Services, Robotics
• Artificial Intelligence (TN), smart, digitized industry and manufacturing
• Security in a Digital Environment
• Quantum computers and quantum technologies

Sustainable Energy

• Energy efficiency and energy saving
• Energy from RES
• Energy Storage
• Hydrogen and climate neutral fuel technologies and systems
• Smart grids
• Energy and Agriculture/Environment
• Energy and Transportation

Culture – Tourism

• R&D of innovations for the protection and promotion of Greek Culture & Tourism

Transportation and Supply Chain

• Strengthening the freight transport system and supply chain to increase competitiveness
• Development of intelligent infrastructure and Green Transport
• Strengthening autonomy in the transport of passengers and goods

For further information please contact VK PREMIUM Business Growth Consultants at: info@vkpremium.com or call us : + 30 210 6835560