By September 2021, 115 companies had been financed with 211 million euros, from the Business Participation Fund – TAESYM (EquiFund), of which 107.2 million euros are the public resources of the Operational Program “Competitiveness, Entrepreneurship, Innovation” – ΕΠΑνΕΚ. These companies employ 3,658 people, a significant percentage of whom have high training and know-how. The above reports refer to today’s post on the website of the Ministry of Development and Investment for the NSRF entitled: “The success story of EquiFund”.
It is recalled that the EquiFund platform is funded with 200 million euros by EPANEK, with 60 million euros by the European Investment Fund (EIF), with 32 million euros by the European Investment Bank – resources of the European Strategy Fund Investment (EFC – Junker Plan) and institutional and private investors.
It is noted that with the leverage of additional funds from institutional and private investors, the initiative has exceeded 500 million euros of available resources.
The available resources of EquiFund are distributed in three different windows, where the investment funds accept proposals depending on the maturity and the size of the investment plan.
– Innovation window: 4 Funds are active with commitments of 130.6 million euros (of which 102.2 million euros are the resources of EPANEK)
– Early Stage window: 2 Funds are active with commitments of 82.1 million euros (of which 35.8 million euros are the resources of EPANEK)
– Growth window: 3 Funds with commitments of 288.1 million euros (of which 52 million euros are the resources of EPANEK).
“The investment projects supported by EquiFund are characterized by innovation and high growth potential. Many of the companies funded by the platform have emerged as highly successful investments, which have attracted additional capital from Greek and foreign private investors,” it said.
Finally, it is underlined that EquiFund is a successful tool, which helped many innovative companies to be financed and its results created the conditions for the decision to continue this financial tool for the “Competitiveness 2021-2027” program.
Source: AMPE
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Source From: Capital
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