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Innovate in Greece by SEV & Endeavor Greece

Greece in the post 1974 period through the eyes of Pavlos Tsimas

Pavlos Tsimas belongs to the generation of Polytechnio (the National Polytechnic School) – also known as the generation that grew up during the junta - and studied at the Athens Law School. The... family tradition led him to practicing law but he quickly quitted, as he felt unhappy. Since then, he has worked as a journalist and is particularly fond of radio.

His conversation with Marco Veremis starts with podcasts and newsletters but does not stop at media and content. They talk about the course and development of Greece from the 1970s to the present. They share stories about a deck of cards (!) and discuss the rage that the Millennials had in them. For the next generation, Pavlos Tsimas believes that it will be able to make leaps and bounds and pleasantly surprise us all.

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In 2023, although financing reached the level of 490 million euros, reduced by 24.5% compared to 2022, resounding investment movements took place, with a total of 70 Greek startups finding funding, and 130 investors giving their practical vote of confidence in innovation made in Greece. Read more here.

SEV and the Athens Stock Exchange Group organized an information event, on "Financing the growth of technology companies through the Athens Stock Exchange" on Wednesday, December 20, 2023. Twenty of the most dynamically developing Greek technology companies with startup DNA were informed about the prospects of entering the Stock Market.

Athens-based Harbor Lab announced the acquisition of two maritime software products, SOFeXchange and DEMeXchange, from Osiris Consultants Ltd. These strategic additions to Harbor Lab's arsenal are set to revolutionize the way the maritime sector operates its ‘last mile’ processes, ushering in a new era of efficiency and precision. The acquisition comes after a 6.1M funding round in 2023.

The well-known investor and co-founder of Google Maps, Lars Rasmussen, has invested in the Greek biotechnology company ResQ Biotech. The Danish entrepreneur who is considered one of the most successful software engineers in the world, focuses on the deep-tech startup industry and also invests in Greek start-ups active in the health sector.

Narrative design platform Arcweave announced today that it has closed its seed round of funding, raising over $850,000. Galaxy Interactive led the round with Genesis Ventures participating. Arcweave plans to use the funding to build out its platform, as well as a multi-modal, LLM-powered AI-powered assistant that can help create stories from prompts.

Despite the crisis caused in the global startup ecosystem by the increase in interest rates, affecting financing and large investment movements, Greek start-ups managed to gather significant investment interest, with 11 acquisitions taking place in 2023 and with some of them exceeding the 100 million euros.

Marco Veremis, co-founder of Upstream, partner of BigPI Venture Capital and chairman of SEV's Innovation Committee, points out to Naftemporiki the great change for the better that has taken place in the Greek ecosystem of technology start-ups. He argues that it is necessary for Greece to become self-sufficient in financing Greek startups and not to depend only on foreign investors.

The SOFTONE Group of Companies, provider of cloud-based business software in Greece and SE Europe, announced the conclusion of a partnership with Workable, a company that develops and distributes recruitment management solutions (Applicant Tracking System - ATS) worldwide, for the interconnection and distribution of their products.

The TITAN Group signed a Grant Agreement with the EU Innovation Fund for the pioneering carbon dioxide capture project "IFESTOS" to be implemented in Greece. The EU Innovation Fund, one of the world's largest programs for funding innovative technologies aimed at reducing CO₂ emissions, will support the Group's work with a grant of €234 million.

Stavros Vassos is the founder and CEO of Helvia.ai, a high-potential startup/scaleup in AI that offers conversational AI solutions for Customer Experience (CX) and Employee Experience (EX). We met with Stavros and discussed Helvia's value proposition and his personal journey so far. Here's what he told us.

SEV Hellenic Federation of Enterprises is organizing the 13^th Innovation Ready, a matchmaking event about logistics and transportation for safer supply chain management. The event will feature 1-on-1 meetings between the industry, big enterprises, startups, and university spin-offs and is scheduled for January 25. Read more here.

SEV Hellenic Federation of Enterprises is organizing a business day with EZA–Hellenic Brewery of Atalanti on January 24. Company’s executives will meet and discuss with Greek startups and scaleups. To learn more about the Business Days initiative click here.

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