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Public Sector

Greece's Startup Ecosystem: A Prime Opportunity for Economic Growth

Vassilis Antoniades Markos Giakoumelos Thanos Petkakis Zacharias Zacharia

Greece is emerging as a hub for innovative startups. Helping fuel this transformation is EquiFund, a platform established by the European Investment Fund. EquiFund expects to provide Greek startups with up to €1 billion for early-stage and growth-stage funding by 2022; €260 million has already been committed for this purpose. Although capital is a catalyst for growth, a sustainable startup ecosystem requires more than investor interest. In this report, we outline strategies and actions for large corporations, government officials, academic institutions, and entrepreneurs. These strategies and actions can encourage competition and innovation as well as demonstrate Greece's capacity to host and grow Greek and international startups.

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