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, which was approved by the C (2014) 10162 final EU Decision of 18/12/2014.
The 6th Revision includes the allocation of additional resources by REACT-EU for the year 2021, amounting to 1.6 billion euros of Community Assistance. These additional resources are helping to address the increased fiscal policy needs due to the second wave of the COVID-19 pandemic.
The Revision was approved on 14/06/2021 by Decision No. C (2021) 4441/ 14-6-21 final Implementing Decision of the European Commission.
EPAnEK continues to cover the whole of Greece and has a 8,03 billion Euros public expenditure budget (6,58 billion Euros EU contribution). 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 country's 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: