# Greece technological and R&D development > Live situation record from CLSTR: https://clstr.news/situations/greece-technological-and-rd-development > Updated: 2026-09-28T08:23:53.000Z. Sources: 9. Developments: 2. Greece is focusing on technological advancement and research and development (R&D) to drive economic growth. Researchers at the Institute of Electronic Structure and Laser are emphasizing the potential of gallium nitride (GaN) semiconductors for telecommunications, space technology, and defense applications, citing the country’s mineral resources and research expertise as key advantages. Economic forecasts suggest a significant investment era following the Recovery and Resilience Facility, with national and European resources estimated to exceed 100 billion euros between 2027 and 2034. These funds are expected to support digital and green transitions, industrial modernization, and infrastructure. While R&D spending rose to €3.66 billion in 2024—representing 1.54% of GDP and improving Greece’s research intensity ranking within the EU—challenges remain. A study by Neosis identifies an “innovation paradox,” noting that despite increased spending and a growing startup ecosystem, the country struggles to convert research into economic value, evidenced by patent application rates that remain significantly below the EU average. ## Timeline ### 2026-09-28: Greece sees rising R&D spending amid innovation challenges Greece's R&D spending has risen to €3.66 billion, though patent rates remain low compared to the EU average. Meanwhile, Athens has emerged as a top global destination for wellness travel. 2 sources. https://clstr.news/cluster/greece-sees-rising-rd-spending-amid-innovation-challenges ### 2026-09-13: Greece targets semiconductor innovation and 100 billion euro investment era Greece eyes technological leadership in gallium nitride semiconductors and prepares for over 100 billion euros in new investment funding through 2034, focusing on digital and green transitions. 7 sources. https://clstr.news/cluster/greece-targets-semiconductor-innovation-and-100-billion-euro-investment-era --- Cite as: Greece technological and R&D development. CLSTR, https://clstr.news/situations/greece-technological-and-rd-development