Startup company

The Innovathens Business Accelerator is holding two SMATH Open Days on Tuesday and on Wednesday addressing creative professionals, corporations and startups as well as anyone involved in or wishing to enter the sectors of creative and cultural industries.

To find out more, visit athens-technopolis.gr.

These days when companies want to understand consumers' preferences and needs, they acquire powerful tools developed by startups to upgrade their marketing strategies and increase their revenues. One such startup is New York-based ActionIQ, founded by Tasso Argyros.

The Greek startup ecosystem has entered a period of maturity, along with the organizations that contribute to the support of new entrepreneurs. However, the domestic startup ecosystem continues to rank below those of other Southern European countries such as Portugal, Spain and Italy, according to the third StartupBlink Global Ecosystem Report.

Startups in Greece are faced with a harsh reality as the coronavirus contraction will not only bring their turnover down to zero for some time but also threaten their very sustainability.

The Bulgarian Small and Medium-Sized Enterprises Promotion Agency (BSMEPA) is an Official Partner of ABLE Activator Intensive Entrepreneurship Course

Greek-owned British startup Pushme has entered the fold of German company Tier Mobility, a rapidly growing company in the sector of electric scooters.
This is the first acquisition of a company in which one of the Greek Equifund funds - Greek-owned Velocity Partners - has invested.

The Greek startups ecosystem saw just one corporate acquisition this year, from two in 2018, according to a report by Found.ation.

Online radio station manager Radiojar was bought out in March by US company iHeartMedia.

On the contrary in the years 2016 and 2017 a total of 10 startups had been acquired, such as Beat (Taxibeat), Quizdom and Innoetics.

Just a tiny fraction of Greek startups have managed to attract the interest of domestic investors and secure funds and breathing space. According to estimates by the venture capital funds involved in the Equifund initiative, only 1-2 percent of proposals assessed this year have secured any funding.

Some 200 investors, entrepreneurs and academics attended a special event last week at the headquarters of Workable, a Greek-owned startup, in Boston. The main speaker at the event, which was organized by Endeavor Greece and the Hellenic Innovation Network, with the support of the Greek Consulate in Boston and MIT Enterprise Forum Greece, was Workable CEO Nikos Moraitakis.

The Environment Ministry has announced it will stage a green innovation marathon on December 14-15. The Go 4.0 Green Crowdhackathon will be held at Technopolis in Gazi, central Athens.