On Monday, 24 November 2025, the Ministry of Digital Governance launched an online public consultation on a draft law providing for the creation of the company “Hellenic Artificial Intelligence Factory S.A.”, under the brand name “Faros AI Factory,” which will operate as a national hub for technological production and innovation.
The new company, although organized as a private-law public limited company, has the mission of serving the public interest. Its goal is to create a comprehensive artificial intelligence ecosystem that will support the country in research, technology, and entrepreneurship.
It will develop modern AI technologies, strengthen research, and cooperate with public and private bodies for the production of solutions and services that can be utilized across the entire economy.
Faros AI Factory will be supervised by the Minister of Digital Governance, will have access to European and national funding, and will operate with significant administrative and tax exemptions to accelerate research and development projects. Its funding will come from multiple sources, with the state covering up to 50% of its annual expenditure.
Overall, the new institution represents a strategic investment in Greece’s digital future, aiming to strengthen the country’s presence in the rapidly growing field of artificial intelligence.
The public consultation will remain open until Monday, 8 December 2025, at 09:00.
View the draft law under consultation here.