Call for Expression of Interest: InnovateNow

The Hellenic Development Bank of Investments S.A. (ex TANEO), in its role as the Equity Platform for the National Recovery and Resilience Plan “Greece 2.0”, and its dedication for the continuous support of the Greek ecosystem of the innovative entrepreneurship #FinancingInnovation, introduces a new specially designed investment tool called “InnovateNow”. This tool has been created in cooperation with the Recovery and Resilience Facility, the Ministry of Finance and the Ministry of Development and Investments.

“InnovateNow” is a fund-of-funds aiming at the establishment of investment schemes, which in turn will cover the entire financing chain of Greek start-ups with extroverted characteristics and prospects for significant scalability.The total public funding channeled through HDBI amounts to € 100 million. The investment schemes (Venture Capital funds) will be established with additional participation from Private Investors.
HDBI is inviting interested parties to submit proposals for the establishment and management of Venture Capital Funds that must be managed by private entities, operate on private-sector market terms and shall invest though equity and/or quasi equity, in innovative scalable start-ups, which maintain an establishment in the Greek territory, at the time of investment.

 

You can read the full content of the call in the file attached below:

Call for expression of interest (InnovateNow) Complete Invitation dated 20/04/2022