Life of a Greek startup:

Working Locally…Aiming Globally

Why?

Advantages:

• Language

• Sun

• Temperament

Disadvantages:

• Unstable Environment

• Delayed Adoption

• Low or No Competition

• Lack of “Startup Veterans”

• Unstable Environment

• Delayed Adoption

• Low or No Competition

• Lack of “Startup Veterans”

Challenges:

• Lack of startup mentality

• “Last minute” mentality

• Country Image

• “Remote customers”

Opportunities:

• Unbelievable Talent

• Low competition

• Financial Crisis

How do we address them:• Research and study

• Travel a lot

• Ask for help

• Keep trying

• WORK REALLY HARD!

Steps Forward:

New-born startup ecosystem

The Reason:

• People are changing!

What GR startups have to do:• Become global entrepreneurs not just Greek

entrepreneurs

• Spend time in mature startup ecosystems

• Inject know-how in our ecosystem

• Be patient

• KEEP WORKING HARD!

What GR startups need:• Chance to try

• Funds

• Time

• Support

• Connections