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.