To be eligible for funding through the VIA, you need to meet the following criteria:
– The proposed idea/business plan should showcase impact in Greece’s economic and/or social sectors.
– Applicants must have incurred less than $5,000,000 in debt, grant, equity or other sort of funding.
– Early-stage applicants should be able to demonstrate a complete proof of concept.
– Applications are welcomed from for-profit entities only.
– Ventures are expected to be able to demonstrate a high impact, be sustainable and scalable.
Minimum $10,000 to maximum $50,000 per winner.
Winners must be present to receive a cash award. The cash awards paid by the Venture Impact Award sponsors do not constitute an investment in the winning proposals and sponsors do not receive equity or issue a loan in exchange for the prize money. Awards will be issued in the name of the company. The award sponsors will issue a letter confirming the use of the funds and the terms of payment. Each award will be split into 2 equal payments that will lie 6 months apart. Before releasing the 2nd payment winning teams should submit a 6-month report detailing how they used the funds previously transferred to them and also how they plan to use the future ones. Sponsors will review and approve the 6-month report before releasing the 2nd payment. At the end of the 12 months, winning teams should submit a 12-month report detailing how they used the cash awarded together with a cover letter addressed to the award’s sponsor.
September/October – Applications are open
October/November – Applications are due. Review of proposals.
December – Finalists and Winners announced.
750 Lexington Ave., 9th floor
New York, NY 10022
United States
