Endeavor Greece, a global non-profit organization supporting entrepreneurship, presents interesting numbers and results for startups in Greece, in the framework of the increased activity of the previous years and the intense discourse on the issue.
The number of startups has increased significantly in comparison to 2010. In particular, 16 startups were founded in 2010 and this number was ten times higher in 2013. There is a similar increase of funds invested in startups for the same period. In particular, investment in 2013 reached €42 million, 80 times higher versus 2010, raised by 30 companies when it was just €500.000.
The impact of Jeremie funds, invested to several startups through four companies, Elikonos, Odyssey, Open Fund and PJ Tech Catalyst, is of course very significant. The results are obvious in both Greece-based investments that were equal to the 72% of the total and seed investment (69% of total) in 2013, as well as the distribution of funds by sector. In particular, technology companies have raised 50% of the total investment in 2013.