The Greek Startup Manifesto

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Greek economy has experienced an unprecedented collapse after 2009, resulting in a GDP decrease by almost 30% (the greatest for any European country in peace time), unemployment of 28% and youth unemployment as high as 65%. For Greece to recover, the country needs to achieve high growth rates, rates which no traditional economic activity promises to provide in short and medium term. Technology enabled businesses and especially highly innovative startup companies which offer disruptive solutions with a global reach are well positioned to offer growth and employment.

Greece is today definitely not the country of choice for startups, for a variety of reasons. Among the most important is the tax framework that is complex and volatile, bureaucracy, digital infrastructures which lag behind the EU average and the so obvious lack of access to capital.

About the Manifesto

The Greek Startup Manifesto is an action plan addressed to policy makers primarily in Greece. The idea of the manifesto originates from two meetings that VP N. Kroes had in Athens with stakeholders of the Greek Startup community (in January and in March 2014). It aims to improve the environment for startup entrepreneurship in our country, unleash the creative forces of Greece by removing the barriers to the growth of startups, the creation of a more business-friendly environment. The manifesto could assist in identifying and then raising the most significant of the barriers faced by entrepreneurs in Greece today and hopefully to position Greece as a country of innovation. The application of policies that will support innovation-oriented SMEs and startups has the potential to lead to an increase of the Greek GDP by €4bn, the creation of 32.000 direct and indirect job openings and the reversal of brain drain[1].

Who we are

The authors of this manifesto are entrepreneurs of fast growing technology SMEs. This effort has been endorsed and encouraged by the EU Commission and personally by the Commission VP Neelie Kroes.


[1]According to a recent study by Israeli organization YOZMA

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