Memorandum of Understanding between the Hellenic Development Bank and INNOVATION GREECE to enhance mature innovation and business scaling

The Hellenic Development Bank (HDB) and INNOVATION GREECE signed a Memorandum of Understanding, setting the framework for the development of joint actions aimed at supporting mature innovation produced by Greek small and medium-sized and scale-up businesses, as well as enhancing their business scaling.

The Memorandum provides for the cooperation of the two bodies in areas of mutual interest, such as the exchange of know-how, the co-organization of events and educational activities, the dissemination of information to the business ecosystem and the facilitation of business access to financial and non-financial tools.

The CEO of the Hellenic Development Bank, Ms. Ismini Papakyrillou, stated:

“The Hellenic Development Bank systematically invests in connecting innovation with the real economy. Through our collaboration with INNOVATION GREECE, we strengthen the conditions for mature and dynamic Greek businesses to gain access to financial and non-financial tools that support their sustainable growth and business scaling.”

On behalf of INNOVATION GREECE, the meeting was attended by Dr. Iakovos Giakoumis, President of INNOVATION GREECE, CEO and Founder of MONOLITHOS Catalysts & Recycling Ltd., Dr. Evangelos Kosmidis, Vice President of INNOVATION GREECE, Head of Business Development and Founder of Draxis Environmental S.A., as well as Mr. Panagiotis Karniouras, Secretary General of INNOVATION GREECE and Head of Administrative & Financial Services of the Central Directorate of FORTH.

On the occasion of the collaboration, the President of INNOVATION GREECE, Dr. Iakovos Giakoumis, noted:

“Innovation is not just an idea – it is a journey and in order to be completed it needs companions. The collaboration with the Hellenic Development Bank creates the conditions for mature Greek innovations to acquire the tools and alliances needed to scale and have a real impact.”

Through this cooperation, the two organizations seek to contribute to the strengthening of the competitiveness, innovation and sustainable development of Greek businesses, operating in a complementary way, within the framework of their distinct roles and responsibilities.