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GreeceBusinessGreek startups attracted 1 bln dollars in investments in 2021, minister says

Greek startups attracted 1 bln dollars in investments in 2021, minister says

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The Greek startup ecosystem managed to attract 1 billion dollars in capital investments in 2021, Deputy Development & Investment Minister Yiannis Tsakiris said on Thursday.

In a post on social media and responding to media reports, Tsakiris said that “Greek startups stand out for their high innovation and human potential levels.”

Specifically, he said that the European startup ecosystem proved to be very resilient despite the Ukraine war, creating 21 new “unicorn” companies (i.e. with an assessed value of over 1 billion dollars) in the second quarter of 2022 alone. The year’s total was 187 new companies, which managed to maintain quarterly growth rates, he revealed, nothing that in Greece the startup ecosystem is continuing to attract investors and to show signs of maturing.

The minister added that the Greek startups have discovered additional funding through the Hellenic Development Bank of Investments (EATE) and the Q-Equity program, which allocates nearly 400 million euros through the Recovery Fund to new funds in private equity/venture capital companies that will invest in Greek innovative enterprises.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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