Competitiveness, Entrepreneurship & Innovation


Operational Programme Competitiveness, Entrepreneurship and Innovation 2014-2020 (EPAnEK)

The Operational Program “Competitiveness, Entrepreneurship & Innovation” (EPAnEK) is one of the seven Sectoral and thirteen Regional Operational Programs of the Partnership and Cooperation Agreement (NSRF) for the period 2014-2020. The 3rd Revision of EPAnEK for the year 2019 aimed to redistribute the Performance Reserve of the Operational Program depending on the achievement of the objectives. The Revision was approved on 19/12/2019 by the European CommissionΆs Executive Decision No. C (2019) 9312 final.

EPAnEK covers the whole of Greece and has a 4.67 billion Euros public expenditure budget (3.65 billion Euros EUcontribution). The pivotal strategic objective of EPAnEK is to enhance the competitiveness and extroversion of enterprises, to facilitate transition to quality entrepreneurship, while at the same time advancing innovation and growth of domestic added value. The Operational Programme Competitiveness, Entrepreneurship & Innovation occupies a central position in the countryΆs efforts to create a new production model that will lead to development and will strengthen the competitiveness of the Greek economy by leveraging private financing.

The new model brings to the fore productive, competitive and outward looking sectors of the economy, such as tourism, energy, agri-food, the environment, the supply chain, information and communication technologies, health and the pharmaceutical industry, creative and cultural industries, materials – construction.

With the support of  EPAnEK and in synergy with Regional Operational Programmes, the Smart Specialisation strategy is implemented with a view to connecting research and innovation with entrepreneurship, and to enhance existing and/or new competitive advantages of the ountry and its Regions.

EPAnEK is structured around the following main Priority Axes:

  • “Enhancing entrepreneurship with sectoral priorities”  2.452,1 million Euros total budget
  • “Adaptability of workers, enterprises and the entrepreneurial environment to the new development requirements”  683,8 million Euros total budget
  • “Development of mechanisms to support entrepreneurship” 1.438,6 million Euros total budget
  • “ERDF Technical Assistance” 79,5 million Euros total budget
  • “ESF Technical Assistance” 16 million Euros total budget