Innovation, Business Development and SMEs

Key facts

Programme Operator:
Innovation Norway
Programme ID:
Date of approval:
Total amount:
EEA Grants fund:

Currently available funding

More information

Programme Summary


Increased value creation and sustainable growth

Programme summary

This Annex sets out the operational rules for the program. The programme implementation agreement is based on the MoU, the concept note and comments made by the FMC. Commitments, statements and guarantees, explicit as well as implicit, made in the concept note, are binding for the Fund Operator (FO) unless otherwise explicitly stipulated in the annexes to this programme implementation agreement.


The Programme Operator is the Financial Mechanism Office (FMO). The Fund Operator is Innovation Norway. 


The programme shall support the outcome “increased competitiveness for Greek enterprises within the focus areas Green Industry Innovation, Blue Growth and ICT” by way of at least one open call for project proposals and two Small Grant Schemes (SGS).


The calls for project proposals and the first Small Grant Scheme (SGS 1) will support a wide range of project initiatives aimed at improving the economic performance of Greek enterprises in order to contribute to increased value creation and sustainable growth. The second Small Grant Scheme (SGS 2) shall provide support to enterprises to increase innovation capacities (including mentoring, business modelling, training on specific issues).

Programme Concerns

In order to leverage synergies with other available funding mechanisms and facilitate capacity building and transfer of knowledge, the Hellenic Fund for Entrepreneurship and Development (ETEAN SA) shall be actively involved in the programme development and implementation as a National Programme Partner, including as a member of the Cooperation Committee.

The programme shall address the following main focus areas: Green Industry Innovation, Blue Growth and ICT. The allocation to "Green Industry Innovation" shall be specified in the concept note.

With the aim of leveraging the programme grant and contributing to the co-financing at project level, ETEAN shall endeavour to make available up to 100% of the total contribution to the programme from the EEA FM, through already existing financial instruments, loans and/or guarantees to the funded projects.

Bilateral Ambitions

€150,000 shall be allocated to the programme from the fund for bilateral relations. This does not prevent the Joint Committee for Bilateral Funds from allocating additional funds to the programme.

Information on the projects funded by the EEA and Norway Grants is provided by the Programme and Fund Operators in the Beneficiary States, who are responsible for the completeness and accuracy of this information.