The Municipality of Athens Announces Program To Support Entrepreneurship

Athens Mayor Giorgos Kaminis (center) while announcing the entrepreneurship support program. He is accompanied by representatives from organizations and federations involved in the program.

The Municipality of Athens recently announced a program to support entrepreneurship in the Greek capital under the development plan The Athens Project.

The Athens Project, handled by the Athens Development & Destination Management Agency (ADDMA), is a 10-year multidimensional development plan for the city of Athens, financed by EU restructuring funds that amount to 120 million euros.

Supporting entrepreneurship in the Greek capital

A significant part of The Athens Project is dedicated to improve the competitiveness and entrepreneurship in the Greek capital. Over 27 million euros have been secured to strengthen key sectors of the city’s local economy that foster innovation and competitiveness.

The program will promote a new economic model of cooperation through which the Municipality of Athens will act as a hub that enables synergies between businesses and organizations.

It is estimated that the new program will help create 140 new businesses in the field of new technologies, 100 in the creative industries sector, 50 new social enterprises and at least 600 new job positions.

The program is also expected to stimulate entrepreneurship for some 800 existing small and medium-sized businesses.

The program to support entrepreneurship involves a number of organizations and federations including the Hellenic Federation of Enterprises (SEV), Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) and National Confederation of Hellenic Commerce (ESEE).

For more information (in Greek) on The Athens Project (Ergo Athina), press here.