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 5th Revision of EPAnEK is linked to the optimal utilization of the European Structural and Investment Funds to deal with the outbreak of COVID-19 and specifically to the need οf financing entrepreneurship support Αctions, aiming to confront and limit the financial effects of the pandemic.

The Revision was approved on 27/11/2020 by Decision No. C (2020) 8554 final Implementing Decision of the European Commission.

EPAnEK continues to cover the whole of Greece and has a 6.42 billion Euros public expenditure budget (4.97 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.