{"id":7110,"date":"2022-11-09T09:50:24","date_gmt":"2022-11-09T09:50:24","guid":{"rendered":"https:\/\/dev-espa.summerize.io\/startups-the-profile-of-the-greek-startupper-and-the-map-of-the-domestic-ecosystem\/"},"modified":"2023-07-31T12:32:35","modified_gmt":"2023-07-31T12:32:35","slug":"startups-the-profile-of-the-greek-startupper-and-the-map-of-the-domestic-ecosystem","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/startups-the-profile-of-the-greek-startupper-and-the-map-of-the-domestic-ecosystem\/","title":{"rendered":"Startups: The profile of the Greek startupper and the map of the domestic ecosystem"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n

Profile of a Greek startupper : A survey of 1,500-2,000 startups<\/a> operating in Greece estimates the number of startups<\/a> operating in Greece<\/strong> \n .<\/a>\n<\/strong>. The survey shows that Greece ranks 54th in the global startup ecosystem .<\/strong><\/p>\n\n

Of the Greek startups, about 70% provide B2B services<\/strong>. The sectors that are growing rapidly in the market are tourism<\/a> and agri-food.<\/a><\/strong><\/p>\n\n

In Greece there are over 70 active incubators, accelerators and start-up technology centers.<\/strong><\/p>\n\n

A total of 106 Greek companies received funding until 2020.<\/strong> About 400 million euros will be invested<\/strong> to innovative businesses in the Greek market through EquiFund.<\/a><\/strong> Alongside 30 companies have already received financing amounting to 34 million. in 2020.<\/strong><\/p>\n\n

From the diaNEOsis<\/strong> questionnaire to which 267 startup founders<\/strong> answered, it appears that the great majority of founders – 8 out of 10 – are men<\/strong>. An inequality<\/strong> that is also observed in the rest of the European countries,<\/strong> which have, on average, a corresponding distribution between the sexes.<\/p>\n\n

Startupper age and education level<\/strong><\/h2>\n\n

In terms of age, startup founders are relatively young: 9 out of 10 are younger than 44 years old<\/strong>, while more than 50% are younger than 34 years old.<\/strong> They are also usually quite educated: 48.7% have a master’s degree and 17.2% a doctorate<\/strong>. Most declare studies either in a Polytechnic school or in a business administration school.<\/strong> 68.2% have his startup as a full-time job.<\/strong><\/p>\n\n

Startupper experience<\/strong><\/h2>\n\n

24% have little (up to 3 years) or no experience.<\/strong> 3 out of 10 founders who responded to the survey are more or less experienced<\/strong>, with experience 4 to 10 years.<\/strong> In 22.8%<\/strong> of founders said that have significant work experience, over 15 years.<\/strong> Of course, although it can be seen from the above data that most of the respondents have some previous experience, the majority (62.5%) said they had no previous experience managing a start-up.<\/strong><\/p>\n\n

In any case, a large part of the startup founders who responded to the survey -almost 4 out of 10<\/strong>– stated that their previous service concerns a job with “neutral to non-existent” relationship with the object of their startup.<\/strong> Several of them 22.5% of the total<\/strong>, state that have had at least one failed business venture in the past.<\/strong> These are, therefore, businessmen who took a significant risk:<\/strong> many had little or no seniority,<\/strong> often in unrelated subjects, whereas some “carried” the burden of one or more failed attempts.<\/strong><\/p>\n\n

Also of interest are the differences in the profile of the founders depending on whether they operate inside or outside the country.<\/strong> As the researchers note, “the startupper who has founded and operates the company abroad has different characteristics<\/strong> than the one who operates in the Region of Greece”. The startup founder abroad is more often older<\/strong> (35-44 years, vs. 25-34 years). Has more work experience (4-10 years vs. 0-3). But also more experience in managerial positions (1-5 years versus 0-1).<\/strong><\/p>\n\n

The “geography” of startups<\/strong> companies<\/strong><\/h2>\n\n

The year in which were founded the most compared to the rest of the years<\/strong> -almost 2 out of 10-, were 2018.<\/strong> The vast majority of startups in the sample, 93%, was founded in the period 2013-2020.<\/strong> More than half were founded in Athens.<\/strong> The next choice of founders (15.4%) was some European city<\/strong>, while followed by Thessaloniki (12.7%), Patras (4.5%), USA and Heraklion (3%)<\/strong>. In the great majority of them (76.4%) they are very small businesses with up to 10 employees.<\/strong> Less than 3% employ more than 50 workers. <\/strong><\/p>\n\n

Despite their small size, startups appear to be cooperative schemes.<\/strong> 48.3% of the companies had two founders<\/strong>, 19.9% three, while 13.9% had more than three. Only 18% had a founder. Almost 1 in 3 say they wrote their business plan together with a mentor.<\/strong> However, the founders’ teams are also predominantly male-dominated: 62.2% are made up of only men, while only 6.4% are made up of only women<\/strong>. <\/p>\n\n

In which sectors are startups active? The sector in which most are active is tourism.<\/strong> As is probably expected, a large percentage of these companies, almost 1 in 10, is active in information and communications (ICT),<\/strong> while the percentage dealing with agri-food and life and health sciences is similar (8.6%).<\/strong> Interestingly enough, the order of sectors for foreign startups is a bit different: ICT comes first, followed by tourism and agri-food.<\/strong><\/p>\n\n

The product<\/strong><\/h2>\n\n

But what form does the product of Greek startups take? 87.5% of companies include the use of digital technology as the initial concept,<\/strong> while 38.6% have a purely digital concept. Fewer<\/strong> have a “natural” idea<\/strong> but which uses digital technology (26.6%) or, conversely, a digital concept with a partial physical presence (22.5%)<\/strong>. Only 12.4% follow the traditional, all-natural model. In any case, it seems that the vast majority of startups in the survey, about 7 out of 10, had to readjust the original idea<\/strong>, one or more times. In fact, 19.5% did it more than twice.<\/strong> In addition, startups are, by majority, an extroverted activity<\/strong>: 63.7%<\/strong> state that they target international customers<\/strong> and only 36.3% domestic ones. However, 1 in 3 say the biggest problem<\/strong> is a lack of experience in attracting international customers.<\/strong><\/p>\n\n

Chapters<\/strong><\/h2>\n\n

It is also interesting that almost half of the startups in the sample they started their activity with very low capital, from zero to 10,000 euros.<\/strong> Only one in five<\/strong> (21.7%) started with capital of more than 50,000 euros.<\/strong> 35.2%<\/strong> of these companies are currently profitable<\/strong>, while about half<\/strong> (47.9%) are not currently profitable.<\/strong><\/p>\n\n

Regarding As the biggest challenges<\/strong> they face for their future, founders singled out scalability (22.8%),<\/strong> followed by staffing (19.1%),<\/strong> competition (16.9%)<\/strong>, and the availability of financing (15%).<\/strong> Among possible changes<\/strong> that would improve their business, the founders in the sample choose “modification of the insurance and tax framework” (79.8%)<\/strong> more than any other.<\/p>\n\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Profile of a Greek startupper : A survey of 1,500-2,000 startups operating in Greece estimates the number of startups operating in Greece . . The survey shows that Greece ranks 54th in the global startup ecosystem . Of the Greek startups, about 70% provide B2B services. The sectors that are growing rapidly in the market […]<\/p>\n","protected":false},"author":1,"featured_media":3297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1697,1,283,1696],"tags":[2219,2289,2192,2193],"aid_type_posts":[2044],"activity_posts":[2013,2067,2070,2049,2050,2058,2010,2052,2068,2060,2011,2072,2071,2069,2066],"investment_region_posts":[2018,2025,2026,2030],"business_type_posts":[2031],"funding_type_posts":[2046],"business_size_posts":[2033,2034,2036],"category_of_beneficiary_posts":[2037],"class_list":["post-7110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-funding","category-uncategorized","category-efodiastiki-alysida-metafora-apothikefsi-epidotisi","category-loipes-xrimatodotiseis","tag-entrepreneurship-en","tag-innovation","tag-start-up-entrepreneurship","tag-technology-en","aid_type_posts-other-financing","activity_posts-agricultural-sector","activity_posts-agrotourism","activity_posts-boat-rental-companies","activity_posts-camping","activity_posts-hotels","activity_posts-informatics","activity_posts-information-communication-technologies-ict","activity_posts-processing-of-agricultural-products","activity_posts-rooms-apartments-to-let","activity_posts-startups-en","activity_posts-tourism","activity_posts-tourist-furnished-residences","activity_posts-travel-agencies","activity_posts-vehicle-rental-companies","activity_posts-watersports","investment_region_posts-attica-en","investment_region_posts-central-macedonia","investment_region_posts-crete","investment_region_posts-peloponnese","business_type_posts-new-businesses","funding_type_posts-private-investment-funds","business_size_posts-medium","business_size_posts-small","business_size_posts-2036","category_of_beneficiary_posts-businesses"],"_links":{"self":[{"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/posts\/7110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/comments?post=7110"}],"version-history":[{"count":2,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/posts\/7110\/revisions"}],"predecessor-version":[{"id":25407,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/posts\/7110\/revisions\/25407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/media\/3297"}],"wp:attachment":[{"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/media?parent=7110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/categories?post=7110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/tags?post=7110"},{"taxonomy":"aid_type_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/aid_type_posts?post=7110"},{"taxonomy":"activity_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/activity_posts?post=7110"},{"taxonomy":"investment_region_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/investment_region_posts?post=7110"},{"taxonomy":"business_type_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/business_type_posts?post=7110"},{"taxonomy":"funding_type_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/funding_type_posts?post=7110"},{"taxonomy":"business_size_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/business_size_posts?post=7110"},{"taxonomy":"category_of_beneficiary_posts","embeddable":true,"href":"https:\/\/espa.io\/en\/wp-json\/wp\/v2\/category_of_beneficiary_posts?post=7110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}