Financial Mechanism

Hellenic Foundation for Research and Innovation (H.F.R.I.) 

The Hellenic Foundation for Research and Innovation (H.F.R.I.) is a new institution through which a profound reforming effort is being attempted in the field of Research and Innovation in the country.
The Organization supports free research (the systematic inquiry into scientific curiosity) and new researchers by providing scholarships for doctoral candidates and research projects for post-doctoral students, Researchers and Faculty Members.
Through H.F.R.I., the research and academic community is, for the first time, actively involved in shaping the country’s research and innovation policy without thematic or geographical exclusions, but with the sole criterion of scientific quality and excellence.
H.F.R.I. aims to promote research and innovation in the country and in particular to evaluate and fund free research, especially research activities and technological applications that result from scientific curiosity, without thematic exclusions or geographical constraints, but solely on the basis of scientific quality and excellence. H.F.R.I. was created out of the vital need to support young scientists and as a necessary tool in reversing the outflow of outstanding scientists abroad. Indeed, one of H.F.R.I.’s key goals is to hinder the scientific and economic hemorrhage that the loss of gifted Greek researchers entails.

In order to achieve its goals H.F.R.I.:

  • Grants scholarships for doctoral dissertations and post-doctoral studies
  • Funds high quality research projects in which post-graduate students, researchers and faculty members are scientific responsibles
  • Finances the purchase of research equipment
  • Enables Universities, TEIs and research and technology stakeholders to access the financing of innovative research programs
  • Supports the creation and operation of start-ups in order to exploit research results


Hellenic Foundation ofr Researh and Innovation (H.F.R.I.)
Αddress: Vasilissis Sofias 127, Postcode: 11521, Athens
Telephone: +30 210 64 12 410, 420
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


General Secretariat for Research and Technology (GSRT)

The General Secretariat for Research and Technology (GSRT) is the main body responsible for setting and coordinating the implementation of research, technology development and innovation policy and is the major direct funder of R&D. Since November 2009, GSRT is subject to the Ministry of Education, Research and Religious Affairs.
GSRT supports the activities of research and production institutions by designing, planning, implementing and monitoring policy interventions (measures, programmes, etc). More analytically its mission is to:

  • Develop and promote an integrated strategy for research, technology and innovation;
  • Set thematic priorities for funding based on the needs and structure of the Greek economy, the needs of society and global S&T perspectives;
  • Reorganize the research system in Greece by reorienting the priorities of the research organisations supervised GSRT towards economic and social development;
  • Increase the demand for new knowledge and research results in Greece for the public and private sector;
  • Transfer and diffuse innovative technologies to businesses utilising research products;
  • Increase the extroversion of the Greek research system further by increasing the collaborations of PRO’s and businesses with organisations from abroad;
  • Develop Science and Technological infrastructure;
  • Utilise research human resources to develop, tackle unemployment and halt "brain drain"; and
  • Increase the awareness of Greek society towards research and technology.


In the current programming period, i.e. 2014-2020, GSRT plans its RTDI policy and actions based on the Smart Specialisation Strategy which focuses on sectors where Greece possesses or is able to possess competitive advantage. Priorities derive through the process of entrepreneurial discovery via consultation with various stakeholders. GSRT's actions aim to develop innovative products and services, transfer technology, support human capital, and enhance and utilise research infrastructure.

  • Plan and coordinate the national RTDI strategy;
  • Support research activities in public research centres and private enterprises;
  • Fund technology transfer activities and mechanisms;
  • Contribute to the reinforcement of the country’s research manpower;
  • Represent Greece in relevant institutions of the European Union;
  • Promote cooperation with other countries and international organisations on research and technology issues;
  • Establish new institutes and technological centres to support sectors of high priority for the development of the Greek economy;
  • Supervise a number of research and technological centres;
  • Support the dissemination of research and technology information throughout the country and internationally by means of advanced ΙΤ systems and networks;
  • Monitor and evaluate RTDI results;
  • Encourage activities aimed at raising awareness of the general public about science and society issues;
  • Advise regional authorities on R&D issues; and
  • Recommend legislative interventions regarding research and research policy to the Ministry of Development.


General Secretariat for Research and Technology (GSRT)
Αddress: 14-18 Mesogeion Av, 11527 Athens
Telephone: +30 2131300015
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.