The Greek startup ecosystem and the impact of EquiFund
The Greek EquiFund paradigm
This ‘fi-compass Showcase 2019’ submission includes a video story and a brochure about EquiFund. EquiFund is a fund of funds programme providing equity financing to Greek companies and accelerating the development of venture capital (VC) and private equity (PE) in Greece. The initiative is co-financed inter alia with resources from the European Regional Development Fund (ERDF), national funds, the European Investment Fund (EIF) as well as the European Fund for Strategic Investments (EFSI) through the European Investment Bank (EIB). EquiFund’s three investment windows: the ‘Innovation window’, the ‘Early Stage window’ and the ‘Growth Stage window’, are operated by overall nine financial intermediaries, selected by EquiFund’s fund of funds manager, the EIF.
In the video, a number of persons involved in the VC sector in Greece explains the role of venture capital for the economy and the SMEs, the role of the public sector to support the VC ecosystem and how EquiFund can help sustain a thriving VC ecosystem in Greece.
The brochure is a handbook about equity financing with EquiFund, developed especially for potential final recipients.
The new fi-compass case study features the financial instrument developed to support the Energy Savings in Existing Housing Programme in Greece. The case study describes how the holding fund was established to achieve the objectives of four regional Operational Programmes (OPs) and two sectoral OPs.
The Energy Savings in Existing Housing Programme in Greece (the Programme) was established in 2010 as a holding fund to achieve the objectives of four regional Operational Programmes (OPs) and two sectoral OPs. The Programme, co-funded by ERDF, provided partially subsidised loans combined with non-repayable grants to support household energy saving investments.
At the end of the period of investment, 51,152 households had been assisted in reducing their energy consumption.
The start of 2019 has seen a number of new resources for ERDF practitioners published on the fi-compass website. The event page for FI Campus 2018 is now online with links to all the materials from our flagship event. The new event page for the FIRECE project features materials on energy efficiency, which is also the theme of our new case study from Greece to be published shortly.