The Programme

Business Innovation Greece is a Programme that aims to increase value creation and sustainable growth in the Greek business sector.

The Programme is financed by the EEA Grants and is a part of the EEA and Norway Grants 2014-2021. The EEA and Norway Grants aim at contributing to the reduction of economic and social disparities in the European Economic Area (EEA) and to the strengthening of bilateral relations between the Donor States (Norway, Iceland and Liechtenstein) and the Beneficiary States.

Innovation Norway is the Fund Operator of Business Innovation Greece. You can find more information here

This Programme aims to finance projects that will increase the competitiveness and profitability of Greek enterprises and bring more innovation in products, services and processes.

What does the Programme “Business Innovation Greece” offer?

– Grants (non-reimbursable funds) to support growth in Greek private sector enterprises.

– Projects are selected through open calls and competition.

– Unique partnership opportunity – a gateway to new expertise and modern technology.

– Easy application procedure and non-bureaucratic reporting.

– Innovation Norway is fully responsible and operates without any other Greek

intermediary body.

The grant can cover a financial gap on the part of the company for making an investment (application of existing technology, new for the company) or for the implementation of Research and Development activities, with the aim of introducing a new product, a new technology or new solution.

Areas of Support:

– Innovative technologies, processes and services

– Sustainable business development

– Greening of existing businesses and processes

– Development and implementation of innovative products and services

Programme Area Specifics

The Business Innovation Greece Programme seeks to stimulate and develop long-term business cooperation between Iceland, Liechtenstein and Norway on one hand, and Greece on the other, based on business development and innovation.

The Programme consists of the following three focus areas:

– Green Industry Innovation

– Blue Growth


Anne Lise Rognlidalen, Director of the “Business Innovation Greece” Program, points out: “Innovation is a key element for increasing the efficiency and competitiveness of a business. This Program can finance a wide range of activities to improve the economic performance of Greek businesses, reducing their environmental footprint and at the same time having a positive social impact, through the creation of new jobs (or the safeguarding of existing ones)”.

Results from the 2nd call of proposals:

The Second Call for Proposals closed on the 18th February 2021. The final list of approved projects is now published.

See the call here: