Coordinator: BIC of Epirus
Entrepreneurial activities can never
be based on public funds. Public Funds can play the
role of the initiator but it is private capital that
actually creates and develops the new opportunities.
Private capital in Epirus does not have strong presence.
Except the local entrepreneurs there is not direct or
indirect flow of capital coming either from individual
entrepreneurs (Business Angels), or corporate investors
(mainly large companies) or Venture Capital Funds.
The reason for that is obvious. Lack
of entrepreneurial opportunities and new innovative
ideas. Also, lack of awareness promotion and marketing
of the local potential.
The changes expected are possibly
going to change the environment. Investment opportunities
as mentioned in action 7.1 and new infrastructures in
technology like the Technology park will attempt to
support the creation new innovative companies and spin
off activities. It is time that potential investors
should know about it. The sub actions proposed under
7.3 are the following:
Sub action 3.1.
Creation of guide for innovative investment
opportunities in Epirus.
Such a guide is totally absent and
will be a tool for every local actor and entrepreneur.
The guide will include not only information on the local
economy and the business opportunities but also information
on real estate, rental facilities availability of space,
construction opportunities etc. A full info-guide for
a potential entrepreneur. The guide will be updated
every year and after the second edition it will be supported
Sub action 3.2.
Visiting schemes for business Angels and Corporate
The purpose of this sub action is to
try to attract potential business Angels and Corporate
investors to the region. The action will be based on
thematically focused and well-prepared visiting schemes
that will be mainly based on the themes selected in
actions 7.1 and 7.2 and will also use the results of
the business plan competitions and cluster creation.
Three visiting schemes are expected to take place, and
the preparatory work will be supported through working
Sub action 3.3
Organization of two matching events
for Venture Capital Companies. The matching events can
be combined with Steering Committee Meetings. Both actions
7.3.2. and 7.3.3. will be developed after the first
year of the project. The technology park and the chambers
of Commerce will organize the events. The first with
a more technical orientation.
1 Objective 1 areas: x
0 Objective 2 areas:
0 Areas outside Obj. 1 and 2:
Current and potential entrepreneurs
Indicative project selection criteria
• Investment guide
• Visiting Schemes
• Matching events
• Visits to other financial centers
Cost of the action: € 200,000
ERDF contribution: € 160,000
Private sector contribution: -
Public sector contribution: € 40,000