Egg - Enter Grow Go

Faq's (Frequently Asked Questions)

The terms of this Notice will be posted on the egg website at: http://www.theegg.gr/en/prokiriksi

The egg Programme is a Corporate Social Responsibility initiative which aims at boosting innovative youth entrepreneurship and improving the prospects of viable employment for people living in Greece. It is aimed at young people who have an original idea that may cover a certain need or take an opportunity to enter a sufficiently sized market, and who have the passion to turn their entrepreneurial "idea" into "practice".

More specifically, the egg - enter•grow•go Programme is an integrated framework for entrepreneurial incubation, acceleration and co-working which, in the course of one year, i.e. the total duration of the "grow" stage, provides a range of supporting actions and tools that will help participants develop and accelerate the transformation of their business plan, an original idea or an initial prototype, into an integrated and exploitable, from a business point of view, product or service.

The egg - enter•grow•go Programme is a Corporate Social Responsibility initiative by Eurobank designed and implemented in cooperation with Corallia. The Programme is being materialized by executives of these two companies and is supervised by an Advisory Board consisting of 10 members, all of whom are renowned scientists, entrepreneurs, and experts.

No, there are no limitations as regards the sectors/fields of activity, as long as the business plan to be submitted meets the required criteria of innovation, completeness and viability within the context of Greek, as well as international, market trends.

It should be noted that business plans which contribute to the openness of the Greek economy, make wide use of innovations and new technologies and/or can be applied to a considerable extent in everyday life, are particularly encouraged.

You must be 18 - 49 years old

You must be graduates or registered with a higher or highest educational institution, whether public or private, in Greece or abroad

You must not have already formed or participated in the formation or operation of a company of any legal form, in the capacity of a partner/shareholder/legal representative or member of its management, with regard to the materialization of the proposed business plan, or, if you have, such company must not have preexisted for a period of more than two (2) years from the date of notice of the Programme.

1. Register by clicking "Log In - Registration". You will receive a verification email at the email address you have provided. Follow the relevant link included in the verification email to log in. Your username is the email address you have provided and the password is the one you have selected. Attention: You have to follow the link included in the email in order to be able to log in. If you do not receive the verification email, try searching for it in the spam/junk folder, as your computer may have moved it there. If you still cannot find the verification email, please contact us.

2. Proceed to the "Participation Form". It is mandatory that you fill in all fields in the participation form. In case you are missing some information, you can save your participation form temporarily and return to it at a later time to resume its completion. This procedure can be repeated as many times as you wish until the closing date for submissions. Please note that your candidacy will not be considered as submitted until you finalize your submission.

All natural persons who, as members of Business Teams which got through to, and participated in, the "grow" stage of a previous cycle of the Programme, as well as legally incompetent individuals , are barred from the procedure of submitting an application to participate in the Programme.

If your business team enters the 5th cycle of the egg enter•grow•go Programme, you will have to proceed with the formation of a company within a maximum of three (3) months from the date of announcement of the business teams that have got through and are candidates to enter the "grow" stage.

An innovation/innovative idea is defined as the creation or proposal of a pioneering innovative idea which is considered a novelty compared to the past.

Candidates should be graduates or registered with a higher or highest educational institution, whether public or private, in Greece or abroad [Higher or Technological Educational Institute (AEI - TEI), public or private Vocational Training Institute (IEK), etc.]

The Platform for submission of applications for participation in the 5th cycle of the egg Programme will be activated mid-February. You will be notified via the electronic communication media of the Programme.

Applications for participation in the 5th cycle will only be considered valid if they are submitted electronically through the egg - enter•grow•go Programme Platform on the Programme website, www.theegg.gr, until the date and time indicated in the Notice.

If you have already formed a company or participated in the operation of a company of any legal form, in the capacity of a partner/shareholder/legal representative or member of its management, said company must not have preexisted for a period of more than two (2) years from the date of notice of the Programme.

The submission of applications is made by means of a template form, of 8 pages at most, which will be available on the Programme web page and will consist of predefined sections which correspond to and meet the basic evaluation criteria. Fill out this document (Business Plan Template) as well as the Solemn Declaration, according to the instructions provided in each and, after having the authenticity of your signature certified at a Citizens Service Center (KEP), upload both documents to the egg Platform and submit your application. Attention: The certified Solemn Declaration needs to be digitized (you can take a photo of it with your cell phone if you do not have this capability) and incorporated (as a low resolution file) as part of your Business Plan, so that it will be possible to submit a comprehensive file on the electronic application form.

Registration to the platform:

1. First Name – Last Name (Greek characters)

2. Email (in case you have participated in a previous egg stage, you will have to register using a new email; please remember that teams selected in previous egg cycles are not allowed to register)

3. Password (min 5 characters)

After completing the above steps, click Registration. You will promptly receive a verification mail in your inbox through which you will activate your account by clicking the attached link. Log in using your email address and password; the system will automatically take you to the Participation Form, which you will have to fill out.

The Participation Form includes a Business Plan Template as well as a Solemn Declaration Template; both are accompanied by all respective instructions required for their completion. After filling out both documents, upload them to the Competition Platform. As you will see, the system enables you to temporarily save your application for your convenience.

Yes, you can submit your business plan electronically as well as attach detailed tables, charts etc. (Important notice: Maximum total Business Plan size: 8 pages at most, plus one (1) page for the cover and as many pages as you need for the solemn declarations appendix, in Calibri font, size 11pt, with 2.5cm margins.)

Yes, the form status changes from Final Submission to Save Temporarily. You may later log into the application submission Platform, using your email address and password, and complete your application.

Please remember that you may select the final submission option only after you have filled in all required fields.

In order for the submission of your application for participation in the Programme to be valid and complete, provided that you have successfully completed the Registration process, you must have filled out the Participation Form and uploaded your Business Plan (along with a completed Solemn Declaration for each one of the basic members of your team, with the authenticity of their signatures certified by a Public Authority).

To avoid mistakes and omissions, it is recommended that you first read the Notice carefully.

Yes, after completing your Business Plan, you must attach the digitized (in low resolution) solemn declarations to the end of it (attention: certified authenticity of signature is required) and upload it to the respective field as one (1) comprehensive file (in .doc or .pdf format) by selecting "Upload your file here".

You should consider the possibility that the email has been moved to the spam/junk folder. If you cannot find it neither in the spam/junk folder nor in your inbox, please contact us at info@theegg.gr.

A certified Solemn Declaration is required as part of the documentation to ensure the validity of your application to participate in the Programme. If you are experiencing difficulties with digitization, you can take a photo of the document with your cell phone and incorporate it (as a low resolution file) at the end of your Business Plan file (Appendix).

You can only submit your application electronically via the Electronic Platform of the Programme, after successfully completing the Registration process.

You may fill out the Solemn Declarations either electronically or by hand. Take particular care to closely follow the instructions for completion (as outlined in the Solemn Declaration Template included in the Platform for submission of applications for participation). Please remember that the authenticity of your signature on the Solemn Declarations must be certified at a Citizens Service Center (KEP) or Police Department. The Solemn Declarations should be digitized and attached (in low resolution) to the end of your Business Plan.

If you are submitting an application for participation as a Business Team, the number of Solemn Declarations should be equal to the number of members in your team (e.g. 2 team members – 2 Solemn Declarations with certified authenticity of signatures).

Finally, if you are submitting an application for participation as an individual, you will obviously have to select the Personal Submission option.

Enter the Business Team Representative information in the Participation Form once. As for the other members constituting your Business Team, fill in the Member Info fields. Select Add a new member for each member you wish to add and fill in all mandatory fields.

You can only submit your application electronically via the Electronic Platform of the Programme, after successfully completing the Registration process.

If you use Microsoft Office 2007 or later, choose "Save as... PDF" when saving your file. Otherwise, you can use an online service, such as the following:

• www.freepdfconvert.com/

• http://createpdf.adobe.com

• www.dopdf.com

To certify the signature authenticity of members located abroad, you should contact the respective Greek Consulate immediately. Please be informed that your Application Form for participation in the Programme will not be considered valid unless you have the authenticity of the signatures on the Solemn Declarations submitted for all members in your Business Team certified by the closing date for submissions, which is April the 10th, 2017 at 15:00 Greek time.

The maximum total Business Plan size must be eight (8) pages at most, plus one (1) page for the cover and as many pages as you need for the Solemn Declarations appendix, in Calibri font, size 11pt, with 2.5cm margins.

We inform you that the Platform for submission of applications to participate in the Programme will remain open until April the 10th, 2017 at 15:00, and there will be no extension to the deadline for submission of applications.

The application form, business plan and the relevant solemn declaration must all be filled out in Greek, if you are a Greek citizen residing in Greece (with the exception of the ability to use international terms in the business plan, where needed), and in English if you are a foreign national.

As mentioned above, the submitted application form, business plan and relevant solemn declaration must have been filled out (according to section 9 of the Notice – Submitting an application) in Greek, if you are a Greek citizen residing in Greece (with the exception of the ability to use international terms in the business plan, where needed), and in English if you are a foreign national.

Likewise, the Presentation you will have to prepare if you get through to Stage C: Evaluation of the Business Plan – Oral Stage should be in Greek, if you are a Greek citizen residing in Greece (with the exception of the ability to use international terms in the business plan, where needed), and in English if you are a foreign national.

Your physical presence at egg premises on a daily basis is a key requirement of the Programme, if your proposal is selected for inclusion. All benefits of the Programme concerning training, support services, mentoring, etc. will be provided at egg headquarters in Athens (190 Syngrou Ave. - Kallithea).

As a consequence of this requirement, at least one member of your Business Team (chosen by you) will have to be present at egg premises on a daily basis. Please note that our premises are open 08.00 to 22.00 Monday to Friday, and 08.00 to 17.00 on Saturdays.

Participants bear full and exclusive responsibility to secure or assure any other desired protection of their business plans to be submitted, as well as the rights deriving therefrom, in accordance with the Notice of the 5th cycle (section 7 – Notification of individuals with regards to personal data).

All information that will be submitted by the participants in the context of the Programme will be confidential (whether such participants get through to the next stage of the Competition or not). Following the submission of an application for participation in the Programme, the system automatically allocates a unique number to each participant, which corresponds to their respective application.

Each participant explicitly agrees that a brief description of their business idea, upon their prior approval of the final text, may be presented by the Programme to the general public and be viewed through electronic, print or other media in the context and for the purposes of the Programme and its promotion.

Participants fully maintain any existing copyright rights and other rights in relation to their business plans and their results, as required by law. In all other respects, participants undertake to provide Eurobank and Corallia with permission so that they may use and promote the progress and achievements associated with the materialization of their business plans, upon their prior approval as regards the final texts, exclusively for the purposes of the implementation and promotion of the Programme, for a total of five (5) years from the date of their inclusion therein.

The Business Teams that will be selected following the evaluation procedure for inclusion in the Programme will pay a symbolic amount of thirty Euros (€30) on a monthly basis for the use of the infrastructure and services of the Programme. Said amount will be returned to the Business Teams upon completion of the Programme, on the condition that they will use it for a public benefit purpose of their choice.

Please note that all Business Teams entering the Programme will receive accounting and corporate management services, namely support in establishing their companies (where required), as well as with regard to accounting, taxation, insurance and business administration matters.

Upon the establishment of your company and its statutes (within 3 months as per the Notice), it is clear that you can choose the company shareholders – partners, who are not necessarily the main members of your Business Team (the ones who may have submitted the application form along with you). Therefore, if your partners do not wish to enter into the partnership, they do not have to.


The Business Teams that will be included in the Programme will have access to the Financial tools and business networking outlined in the Notice (section 2 – Benefits of the Programme, paragraph 6):

As an example, the teams will be supported through the following:

• Financial consultation services and services concerning the seeking of funding products and programmes, provided by qualified executives of the Programme who have the knowledge and expertise on the subject, in order to meet all expenses obligations deriving from the operation of the business, as well as expenses relating to the materialization of the development part of the business plan submitted by the participating enterprises.

• Support and networking of the teams with potential customers/strategic partners (B2B match-making) for products and services that will develop during the grow stage of the Programme.

• A system of financial rewards for those Business Teams with the best performance on the basis of predefined indicators (KPIs) at specific times during the materialization of the Programme; please note that the best teams will receive a monetary prize. The prize will be awarded during the Christmas period (midterm) .

• A special financial programme in order to cover potential needs regarding pre-seed/seed financing, both on working capital and on investments in fixed assets, with favorable terms during the “go” – programme completion stage.

The egg - enter•grow•go Programme has been designed to assist young people who want to go into business and build upon an innovative idea, in the initial stages of their entrepreneurial career, by supporting them during the entire course of establishing and developing their business, within the context of their participation in the Programme.

The main pillars of the Programme, i.e. mentoring, services, infrastructure and training, provide a framework to support and guide young entrepreneurs throughout the duration of the Programme.

Particular care is taken to aid young entrepreneurs in the launch/establishment stage of their company, from choosing a company type and drafting the founding statutes to monitoring and completing the process of establishing the new company.

The evaluation criteria for the business plans to be submitted are simple, transparent and governed by a business logic. More specifically, each business plan will be evaluated according to whether, and to the extent that:

- It is based on an original/innovative idea which provides a solution to a genuine need and/or is an opportunity to enter a local or international market of a sufficient size.

- The persons who will materialize the business plan have the necessary skills, knowledge and abilities, as well as the required profile, for the successful materialization of the plan.

- A reasonable and realistic preliminary action plan is in place, which can be materialized within 9-18 months, in order to ascertain the feasibility and/or the value of the business plan (proof of concept/proof of value).

For the convenience of those interested and to ensure the unity and uniformity of submissions, a template is available in the "Sign Up" section on the Programme web page. There is also a standard Business Plan Template which participants should use for describing their business plan. It should be noted that the structure of the template closely follows the 3 evaluation criteria and includes comments/clarifications regarding the information that needs to be provided in each section, so that the submission meets all evaluation criteria. It should also be stressed that under no circumstances should the size of the business plan exceed eight (8) pages in total. Further details regarding the preparation and completion of the business plan can be found within the standard template. Please note that you are required to read the instructions and terms of participation thoroughly, in order to ensure the validity of the application to be submitted.

The evaluation procedure will be performed in 3 stages:

- Stage A: Checking the formal requirements - completeness:

This stage involves a review of whether the formal requirements for participation are met, pursuant to the terms of the Notice.

- Stage B: Evaluation of the Business Plan – Written Stage:

During this stage, the written business plans that have been submitted are marked on the basis of the evaluation criteria by independent evaluators with expertise on business and investment plans and ranked according to their respective scores. The 60 plans that achieve the highest scores will get through to the next stage.

- Stage C: Evaluation of the Business Plan – Oral Stage (2 steps)

- Step C1: Each of the 60 teams that have qualified will be invited to give an oral presentation of the key points of their business plan before the Programme evaluators and in the presence of the other teams that have qualified from Stage B. The presentation will last 5 minutes and will aim at providing each team with an opportunity to present (without any questions or discussion on the part of the evaluators) what they consider to be the most attractive elements/competitive advantages of their business plan (e.g. degree of the idea's innovation, profiles and devotion of the team members who will implement it, high degree of feasible/realistic implementation of the business plan, etc.), as if they were to attract the interest of an investor in order for the latter to invest in their entrepreneurial idea. The 40 plans that achieve the highest scores will qualify from this stage.

- Step C2: Each of the 40 business teams that qualify from Stage C1 will receive feedback on how to improve the presentation of their business plan and will be called upon to appear again, after approximately 1 week, before the Programme evaluators (but now without the presence of the other qualified teams). This second oral presentation will last a maximum of 10 minutes and will take the form of an interview with discussion and questions asked by the Programme evaluators. The plans that achieve the highest scores in this final stage (an estimated number of about 25 plans) will be selected for inclusion in the Programme.

The evaluation procedure, the objectives of each of the procedure stages and the marking criteria are presented in detail in the Notice.

Our objective is to include the maximum possible number of business plans/teams in the Programme, in accordance with the existing infrastructure which can accommodate offices for roughly 75 people. Based on that premise, it is estimated that approximately 25 business teams, with an average of 3 members each, can be included in the Programme.
In any case, it should be emphasized that the only criterion for the selection of the final number of business teams will be the ranking of the business plans according to the scores they will achieve during the evaluation procedure.

Yes. Participation in another competition, whether national or international, and/or receiving an award stemming from such competition are not grounds for exclusion from the present Programme, provided that all the other terms and conditions are met. Similarly, any funding received from European or national programmes (e.g. ESPA) also does not constitute grounds for exclusion.
Applying for an ESPA or other programme as well as for the egg does not affect this programme whatsoever.
The infrastructure is located near the center of Athens, at 190 Syngrou Ave., and is easily accessible by means of public transportation.
No. For preexisting companies, it is not necessary to transfer the seat; however, a branch can be established in the Programme infrastructure. Please note that participants will receive full support in handling all of these procedural matters, through the relevant support services of the Programme.

As per the Notice of the 5th cycle, all natural persons who, as members of Business Teams which got through to, and participated in, the grow stage of a previous cycle of the Programme, as well as legally incompetent individuals , are barred from the procedure of submitting an application to participate in the Programme.

Please remember that you can submit your application form until April the 10th, 2017 at 15:00.

For any questions, please contact the Secretariat of the Programme by sending an email to info@theegg.gr