Greek startupsseem to be mostly male, as 77% of startups have a male founder.
And this despite the fact that women succeeded and increased their participation rate as members of founding teams from 20% to 23% from 2020 to 2022. This is shown by the data of Elevate Greece, the National Register of Young Enterprises of Greece, in the context of attempt to map start-ups in our country.
In recent years, important steps have been taken to enable young people’s business plans and not only to find a way to implement them, and in this effort the state, through Elavate Greece, practically helps startups in their first steps, with measures that are adapted to their needs, such as the establishment of targeted tax incentives for Angel Investors, the institutionalization of employee stock options, the provision of liquidity to deal with the effects of the pandemic as well as free consulting services, seminars and cash prizes offered by the Registry’s official supporters .
Increase
Data from the National Register of New Enterprises of Greece shows an increase in business startups in Greece from 2015 to the present day, with six out of ten startups having been established between 2019 and 2022.
According to the geographical distribution of startups, the largest percentage (68%), i.e. about two out of three, are based in Attica, while 14% of businesses are based in Central Macedonia, 6% in Crete and 3% in Western Greece %.
Out of the total of 728 registered start-up companies that are members of Elevate Greece, 88% were created based in Greek territory, while 6% operate as a branch based in another country and 6% as a subsidiary company based abroad.
A basic condition for setting up a start-up business is to find external funding and as it turns out. The external funding of start-ups in Greece in 2022 came from venture capital by 61.3% and from subsidies by 16.5%. This is followed by funding from Angel Investors (11.8%) and through borrowing (2.9%).
Latest News
Cocktail of Dust and Heat Brings Stifling Sunday Weather
Meteorologists expect the conditions to persist until at least Wednesday
Greek Hotels Vindicated by Commission’s Ruling on Booking.com
The Commission has ruled that Booking is a "gatekeeper" and must comply with the Digital Marketing Act, addressing complaints by the European Hotel Industry and Hellenic Chamber of Hotels
Which Islands Will Have Italians Flocking to Greece this Summer?
Well-known Italian travel magazine details reasons why Skopelos, Naxos and Astypalaia are the go-to summer destinations for Italians
Antentokounmpo 5th Highest Paid Athlete in World
The basketball player rakes in 111 million dollars per year, between his salary at the Bucks and endorsements from big brands like Amazon, Nike and Pepsi
Greek FM Gerapetritis: Need to Immediately End Gaza Hostilities
Gerapetritis added that a humanitarian crisis was transpiring in Gaza, with the concerns now being spillover in the wider Middle East.
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop