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 instrument called “InnovateNow”. This instrument 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) shall 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 may invest though equity and/or quasi equity, in innovative scalable start-ups, which must, at the time of investment‘s implementation maintain an establishment in the Greek territory.