Greek startups create a 3.5-billion Euro Industry

July 13, 2020

According to the Greek Kathimerini newspaper, “market professionals put the capitalization of Greek-owned startups at €3.5 billion, up from €2.5 billion last year and zero just eight years back.” 

Hellenic Innovation Network on Greek TV

June 24th, 2020

Hellenic Innovation Network was discussed on the news show “10” on the Greek Public Broadcasting Corporation (ERT) with Fanis Papathanasiou, among other topics such as Science Diplomacy, research and innovation, and the connection between the tech and research ecosystems of Boston and Greece. 

Watch here

Featured on the show were: 

Kostas Fragogiannis,
Deputy Minister for Economic Diplomacy and Openness at the Greek Ministry of
Foreign Affairs
Stratos Efthymiou,
Consul General of Greece in Boston
Marina Hatsopoulos,
President of the Hellenic Innovation Network
Michail Bletsas,
Director of Computing at the MIT Media Lab
Dr. Manolis Kellis,
MIT Professor of Computer Science
Vassilis Papakonstantinou,
Vice President of MIT Enterprise Forum Greece

You may also read a write-up of the interview on here.

Athens University of Economics and Business Startup Report

“Incubated early stage startuppers and their initiatives in Athens  during the Crisis (2010‐2016)” by Ioannis Besis and Ioanna Sapfo Pepelasis examines the profile of successful startups: mature founders (age 30-39); more educated; linked to academia; educated in economics and business, science and theoretical studies; holders of degrees related to the company sector and had experience abroad; high tech goods and processes; female member in the founding team and headquarters abroad.

allWP-01-20-Besis-Pepelasis-03 June 2020 AUEB Report

Applied Materials to acquire Think Silicon

Microsoft to acquire Softomotive

Seeking Evaluators

Cyprus Seeds, a nonprofit organization in Cyprus and a strategic partner of MITEF Greece, supports, for the second year, the commercialization of innovative scientific research in Cyprus. To this effect, it recently announced a Call for Pre-Proposals with deadline for receiving applications, the 17th May.

They are currently in the process of identifying a pool of evaluators for the applications they will receive. To-date, Cyprus Seeds received 25 applications from the Universities and Research Centers of Cyprus, in a variety of areas including  Health, AI, agriculture, cognitive computational neuroscience, energy, environmental monitoring, clinical neurophysiology and rehabilitation sciences!

The Evaluators’ contribution is critical to choosing the most promising scientific projects, with strong IP value and the potential to commercialize.

The Evaluation process is going to be in 2 stages. The first stage asks for Pre-Proposals which are short and simple. On the basis of Pre-Proposals, the projects that are worth funding will be short listed and will be invited to send a FULL proposal  which requires more detailed information on the technology, the IP and the Team.  It is expected that Evaluators will spend between half an hour and one hour in assessing one proposal. 

We encourage you to be an Evaluator for Cyprus Seeds, which we consider a unique initiative with the prospect of creating startups, thus offer job opportunities to the youth. Amongst the initial promoters of Cyprus Seeds are George David, philanthropist and Founding member of THI, The Leventis family, The Hellenic Initiative and a number of Greeks and Cypriots of the Diaspora in Boston.

To indicate your interest and  availability to evaluate applications of the Cyprus seeds second cycle, fill in the following form:

The Power of Connection

By Alec Karys

As a Mentor at the Boston-based accelerator Masschallenge, I met Marian Leitner, Founder and CEO of Archer Roose, a Boston-based start-up that sells quality wine in a can through major retail outlets. In our Mentoring sessions, Marian expressed interest in expanding from domestic to international wines, including wines from Greece. (For those interested in learning more about Greek wines, I suggest “The Wines of Greece” 2018 edition, by Konstantinos Lazarakis.) Meanwhile, for some time I’ve been working to promote Greek wines outside of Greece, and created a “Greek Wine Lovers” Group on LinkedIn which has grown to over 375 members. Through my efforts, I’ve met many oenophiles, including Markus Stolz, who currently lives in Athens with his Greek wife. Markus exports Greek wines to the U.S. and other international markets, so I connected him with Archer Roose. Through his connections, the Roditis wine from Naoussa, Greece was born. The wine will soon be available in major retail outlets on the East Coast of the United States. This project took several years to come together, proving the power of perseverance and connection. 

CVC Capital Partners Fund VII agrees to invest in Skroutz

“CVC Capital Partners today announced that CVC Fund VII has agreed to invest in Skroutz, Greece’s leading e-commerce platform, in a partnership transaction with Skroutz’s founders. ”

The Greek Startup Industry: Investments and Exits, 2010-2018

“First and foremost we are network builders. Others have been doing the same with Stanford graduates, Paypal employees or Israeli founders. We bring together Greeks, working in technology, no matter where they are, and we are thrilled about the ubiquity and underlying value of this network.”

Ambassador Pyatt’s Remarks at 7th Regional Growth Conference, Western Greece

Καλησπέρα σας. Minister Georgiadis, panelists, friends, thank you for inviting me to speak with you today about a new development model for western Greece. I’m particularly happy to be back in Patra, Greece’s Gateway to the West, and a city that I have come greatly to appreciate over the past few years.

Ambassador Pyatt’s remarks at Navarino Challenge Press Event

First of all, let me say what a pleasure it is to have my friend Dean Karnazes back here, someone who is a great ambassador for the U.S.-Greece relationship and especially our important diaspora.


Headquartered in the United States with locations in Boston, Israel, Mexico, Rhode Island, Switzerland, and Texas, MassChallenge strengthens the global innovation ecosystem by accelerating high-potential startups across all industries, from anywhere in the world for zero-equity taken.

Πρόγραμμα Επιχορήγησης Δαπανών για την Κατοχύρωση Διπλωμάτων Ευρεσιτεχνίας (Πατέντες)

Το Ίδρυμα Μποδοσάκη προκηρύσσει νέο πρόγραμμα επιχορήγησης δαπανών για την κατοχύρωση των πνευματικών δικαιωμάτων και των δικαιωμάτων ευρεσιτεχνίας (πατέντες) προϊόντων – αποτελεσμάτων καινοτόμου έρευνας, τα οποία δύνανται να αξιοποιηθούν εμπορικά, μέσω της ίδρυσης νέων επιχειρήσεων ή της εκμετάλλευσής τους από υφιστάμενες επιχειρήσεις.

MassTLC Accelerates Growth, Innovation & the Development of an Inclusive Technology Ecosystem in Massachusetts

As the largest and most powerful technology association in the region, MassTLC’s mission is to accelerate growth, innovation, and the development of an inclusive tech ecosystem in Massachusetts. For more than 30 years, MassTLC has served as the premier network for thousands of companies and entrepreneurs seeking valuable connections.

Your Source for Local Innovation

Since 2008, we’ve been covering and connecting the Boston ecosystem, producing digital media and events about the entrepreneurs, executives, startups, businesses, trends and topics that are the shaping the present and future of the city’s economy.

We are the hub for Boston startups + tech

Our vision is to connect the world through a shared passion for tech and the human need for purpose

Boston Startup Accelerators, Incubators, & Support Programs

Xconomy is dedicated to providing business and technology leaders with timely, insightful, close-to-the-scene information about the local personalities, companies, and technological trends that best exemplify today’s high-tech economy.


VentureFizz is the leading authority for jobs & careers in the tech industry across Boston and NYC. Our Job Board is highly targeted in terms of providing career-defining opportunities for highly motivated professionals in the tech industry and our BIZZpages offer a behind-the-scenes look at the area’s hottest companies. We are also digital storytellers sharing the details on your company, culture, and people.

Πρόγραμμα Επιχορήγησης Δαπανών για την Κατοχύρωση Διπλωμάτων Ευρεσιτεχνίας (Πατέντες)

Πρόγραμμα Επιχορήγησης Δαπανών για την Κατοχύρωση Διπλωμάτων Ευρεσιτεχνίας (Πατέντες)

Το Ίδρυμα Μποδοσάκη προκηρύσσει νέο πρόγραμμα επιχορήγησης δαπανών για την κατοχύρωση των πνευματικών δικαιωμάτων και των δικαιωμάτων ευρεσιτεχνίας (πατέντες) προϊόντων...