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The Action “Neophyte Entrepreneurship” concerns the creation of new small and micro enterprises by the unemployed and by non-paid workers.

Within the framework of the Action, business projects of a total investment budget (subsidized n / a) of EUR 15,000 to 60,000 are supported to cover 100% of the eligible costs for up to twenty-four (24) months from the date of the Business Plan . Eligible costs are the costs incurred from the date on which applications for funding were launched online, ie from 17 March 2016. It is clarified that the term ‘paid employment’ does not include individual entrepreneurs who, for income tax purposes, are considered to be income as income from salaried service (Article f, paragraph 2, article 12 of the Code of Civil Procedure).
Target Audience :

(A) unemployed persons and (b) natural persons working in a business or partnerships / associations thereof in order to start a new business. The potential beneficiaries of the Action are classified according to the following:

Beneficiaries Category A: Unemployed persons registered in the OAED unemployed registers upon application and on the date of commencement of their business activity, who will not acquire a paid employment relationship throughout the implementation of the business plan.

Beneficiaries category B: Individual entrepreneurs providing services who are active traders without having a paid employment relationship and without receiving an old-age pension on the date of publication of the call and throughout the implementation of the business plan. Individual entrepreneurs engaged in commercial activity are not eligible. For the purpose of this action, and in the case of mixed-activity entrepreneurs, no commercial activity is considered to be commercial activity, since the declared gross revenue represents up to 25% of total gross entrepreneurial activity (excluding agricultural activity – tax year 2015 ).

Partnerships between the beneficiaries of the same or even different categories from the aforementioned are permitted, in order to establish a new small or very small enterprise in one of the following legal forms: EIA, OE, EU, IKE, Social Enterprises of Law 4019/2011 and Cooperative Enterprises.

Beneficiaries should have started business between the date of submission of the business plan electronically and the closing date for submission of the membership documents.
What is funded:

The eligible costs are as follows:

Operational (business premises rentals, electricity costs, fixed and mobile business telephony, water supply, heating, other shared expenses, hospitality costs in incubators, etc.)
Expenditure on third party fees (legal, advisory, accounting support, incubator services, drafting and monitoring of business plan and vocational training, etc.)
Expenditure on projection, networking and participation in exhibitions
Depreciation / Rental of equipment (without flexibility clause)
Purchase / Leasing of equipment / Small scale interior design using a flexibility clause
Supply of supplies
Beneficiary’s insurance contributions (entrepreneur / partner)
Wage cost for new location (s)
Expenditure on preparation, submission, registration or renewal of a recognized industrial or intellectual property right.

All eligible costs should only relate to the implementation period of the business plan.

The duration of implementation of approved business plans should be no more than twenty-four (24) months from the date of their accession decision.