Monday December 22, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Support to venture capitals

By Dimitra Manifava

A strategy being drafted by the Development Ministry to promote innovative entrepreneurship includes joint investments by the New Economy Development Fund (TANEO) with business holdings funds, as well as tax incentives to attract foreign investments to newborn enterprises.

For investments in venture capitals, the ministry is planning for the use of 500 million euros from European Commission subsidies, while some 1.17 billion euros will be required for the general target of boosting innovation in the next seven years, i.e. the next EU funding period.

“We are not reinventing the wheel. These are tools tried and tested in Europe and throughout the world,” a market professional working with the ministry on the scheme has told Kathimerini. Such tools have been successfully applied in Israel by the Yozma corporation, which the ministry approached a few months ago in order to glean some of its know-how. The Yozma report recommends the creation of new business capital firms with the participation of TANEO, the investment of TANEO in two to four existing venture capitals and direct investments by the state fund for the attraction of foreign investors.

ekathimerini.com , Sunday May 4, 2014 (18:30)  
Greek current account deficit shrinks in October
Energy shares and Greek rebound lift European equities
Draghi starts squaring QE circle in month of persuasion for ECB
Euro shaky on ECB and Greece, dollar keeps edge
Tuesday morning stoppage on metro, electric railway and tram in Athens
There will be no service on the Athens metro and electric railway (ISAP) before 8 a.m. on Tuesday due to a protest by employees. The tram will not be available before 7 a.m. either, as worke...
Parliament´s ethics committee to look into independent MPs´ comments
Parliament’s ethics committee is to investigate comments made by two independent MPs, Odysseas Voudouris and Theodoros Parastatidis, in which they appeared to cast doubt on the motives of la...
Inside News
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS – The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
He’s treated like a rock star wherever he goes to lecture. His book “Capital in the 21st Century,” a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tuesday morning stoppage on metro, electric railway and tram in Athens
2. Greek current account deficit shrinks in October
3. Energy shares and Greek rebound lift European equities
4. Parliament´s ethics committee to look into independent MPs´ comments
5. Prosecutor gathers depositions in Independent Greeks ´bribe´ probe
6. Government accuses SYRIZA and Independent Greeks of ´clear alliance´
more news
Today
This Week
1. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
4. Draghi starts squaring QE circle in month of persuasion for ECB
5. Parliament's ethics committee to look into independent MPs' comments
6. Energy shares and Greek rebound lift European equities
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Girl, aged 11, gives birth on Crete
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.