Startups: 8 out of 10 in Greece are founded by men

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%).