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June 20, 2022

Elevating Greek Startups against COVID-19

The enterprise FEAC ENGINEERING P.C. based in Western Greece Region, has joined the Action “Elevating Greek Startups against COVID 19 ” with a total budget of 60 million €. The Action aims at the support of start-ups included in the National Register of Start-ups “Elevate Greece” in the form of a non-refundable grant as working capital to cover their expenses.

The total budget that the enterprise received as a non-refundable grant is 100.000,00 € and is co-financed by Greece and the European Union – European Regional Development Fund.
The Public Expenditure is 80% of the working capital for the year 2020.

Through the participation in the Action, the enterprise achieved:

  • Competitiveness improvement
  • Increase of liquidity
  • Reinforcement of an extrovert business profile
  • Entrepreneurship Reinforcement
  • Creation/ retention of jobs

The support of EPAnEK proved beneficial, not only for the enterprise but for the competitiveness of the national as well as the national economy.