Matching firms with startups

The Ministry of National Economy and Finance is preparing significant tax relief measures aimed at spurring cooperation between larger companies and startups in research and technology products.

Contained in the draft bill on mergers and acquisitions, the measures also provide enhanced tax exemptions for patents and incentives for investments made by venture capitals and angel investors in startups, as well as new tools to finance merging small and medium-sized enterprises.

The focus is on research and technology products, which are mainly developed by startups. The aim is to strengthen them with the involvement of larger companies and investors, so they can achieve a better performance in the market as well. The ministry's ultimate goal is the development of a dynamic ecosystem of such companies on Greek soil, with obvious benefits for the economy.

The...