Creating new businesses: Program for young unemployed people with a grant of 17,500 euros

19 January, 2026 12:33

Creating new businesses: Program for young unemployed people with a grant of 17,500 euros

In January, the new "Comprehensive program to support new entrepreneurship for unemployed people aged 18–29, with an emphasis on women and the digital & green economy" is announced.

🎯Aim of the action

The action has duration 12 months and aims to:

• in the promotion of self-employment and

• in creation of new small and medium-sized enterprises from 2,114 unemployed .

The program offers a meaningful outlet for young people who are outside employment, education and training (EAEK) , while simultaneously strengthening modern business activities that contribute to sustainable development

💶Grant amount & payment method
🔹1st installment: 4,700 euros, after the start of activity (Milestone A)
🔹2nd installment: 6,400 euros, after the business has been in operation for six months, following verification of its actual operation through an inspection (Milestone B)
🔹3rd installment: 6,400 euros, after twelve months of operation of the business, following a new inspection to confirm actual and continuous operation (Milestone C).

👥 Who are the beneficiaries?

Beneficiaries of the action are:

• 👤 Registered unemployed in the digital registry of DYPA

• 🎂 Age 18 to 29 years old

• 🚫 Except Employment, Education and Training (EAEK)

• 📝 Submit funding application accompanied by business plan

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