About Greece - Innovation Nation

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src="https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352.png" class="attachment-full size-full" alt="Downtown Athens" decoding="async" fetchpriority="high" srcset="https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352.png 1300w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-300x242.png 300w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-1024x826.png 1024w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-768x619.png 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="texts"> <div class="title font2">Greece Ranks Among the Top 6 Globally in Stock Option Policies</div> <a class="link" href="https://www.endeavor.org.gr/blog/greece-ranks-among-the-top-6-globally-in-stock-option-policies" target="_blank">Read More -></a> </div> </div> <div class="article"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="texts"> <div class="title font2">Greece: A Remarkable Economic Recovery</div> <a class="link" href="https://foreignpolicy.com/sponsored/greece-a-remarkable-economic-recovery/" target="_blank">Read More -></a> </div> </div> </div>  </div> <div class="menu-social-menu-container"><ul id="menu-social-menu" class="social-menu"><li id="menu-item-46" class="fab fa-linkedin menu-item menu-item-type-custom menu-item-object-custom menu-item-46"><a target="_blank" rel="noopener" href="https://www.linkedin.com/company/endeavor-greece/">LinkedIn</a></li> <li id="menu-item-44" class="fab fa-instagram menu-item menu-item-type-custom menu-item-object-custom menu-item-44"><a target="_blank" rel="noopener" href="https://www.instagram.com/endeavorgr/">Instagram</a></li> <li id="menu-item-47" class="fab fa-youtube menu-item menu-item-type-custom menu-item-object-custom menu-item-47"><a target="_blank" rel="noopener" href="https://www.youtube.com/channel/UCC2SBr_wb1VwW0_Fb2tXnBQ">YouTube</a></li> <li id="menu-item-45" class="fab fa-x-twitter menu-item menu-item-type-custom menu-item-object-custom menu-item-45"><a target="_blank" rel="noopener" href="https://x.com/EndeavorGr">X – Twitter</a></li> <li id="menu-item-43" class="fab 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Apart from its calm weather, picturesque landscapes, rich history & tradition, unique cuisine, and hospitable people, Greece is a place where bright as well as innovative ideas are being born for thousands of years</p> <p>Recently, Greece was named by The Economist as the world’s top standout economy in 2023, for the second consecutive year. US-based Blueground, now-acquired Viva Wallet and BETA CAE are leading the pack with $1bn+ valuations. There is now a generation of industry leading Greek scaleups as well as an impressive number of world-class rising stars.</p> <h3>The Greek tech ecosystem now consists of 1k+ startups that have a combined value of more than $12bn.</h3> <p>Established tech players are noticing Greece’s deep pool of scientific and engineering talent (Sequoia Capital has listed Athens as a top global hub for AI talent) and increasingly business friendly environment. J.P. Morgan has recently opened one of the few Payments Innovation centres in Athens, while Tesla has established their engineering office in Athens doing leading work on Powertrain and energy engineering. Amongst others, Google, Cisco, Pfizer, Meta, Samsung, IBM, Microsoft and Applied Materials have all made large investments in Greece and run significant engineering operations out of Greece.</p> <p>World-class leading Greek businesses have entered the game too, driving innovation and pushing the boundaries of Greece. In their industries/categories, companies like Titan Cement, Viohalco, Metlen (former Mytilinaios), Olympia Group, Fourlis, Raycap, Cosmote, National Bank of Greece, PPC and Lamda Development, as well as the entire maritime industry (where Greeks hold 20% of the global market share), are investing in technologies and solutions around the world more actively than ever before. Lamda Development is 6 running the Ellinikon project, a $8.2bn smart city that is rising fast in the Athenian coastal area and is expected to house tens of thousands of people in villas, houses, office buildings, retail stores, schools and research centres. In fact, it is the largest urban regeneration project in Europe today.</p> <p><img decoding="async" class="aligncenter wp-image-1005 size-full" src="https://innovationnation.gr/wp-content/uploads/2024/07/kalimarmaro.jpg" alt="" width="665" height="519" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/kalimarmaro.jpg 665w, https://innovationnation.gr/wp-content/uploads/2024/07/kalimarmaro-300x234.jpg 300w" sizes="(max-width: 665px) 100vw, 665px" /></p> <p>Over the last few years, Greece has become an attractive jurisdiction for foreign and diaspora investors, founders and talents due to the combination of established favourable tax rules and a recently introduced beneficial tax framework boasting tax breaks and incentives for investors and professionals.</p> <p>Most importantly, the Greek education system is undergoing a major transformation, where together with world-class Greek public universities, private foreign and local universities are allowed to set up operations for the first time in the country’s history. Columbia University recently launched a global centre in Athens putting the Greek capital in the global network of just 11 global centres around the world.</p> <p>Challenges, of course, remain. We are working with the government to tackle roadblocks to further growth including a disconnect between the education system and the labour market, a sluggish judicial system and a need for investments in key infrastructure like faster internet and better roads. But being early in the process of building an innovation ecosystem also offers significant benefits to first movers. Diaspora talent, investors and foreign businesses that have been drawn not just Greece’s famed sun-and-sea lifestyle, but also by the chance to participate in building an ecosystem from the ground up. They are becoming co-creators of the country’s reinvention, not only benefiting from its new dynamism, but driving it forward.</p> </div> </div> </section> <section class="additional-info"> <div class="container"> <img width="1419" height="535" src="https://innovationnation.gr/wp-content/uploads/2024/07/Greece-Image-1.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/Greece-Image-1.jpg 1419w, https://innovationnation.gr/wp-content/uploads/2024/07/Greece-Image-1-300x113.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/Greece-Image-1-1024x386.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/Greece-Image-1-768x290.jpg 768w" sizes="(max-width: 1419px) 100vw, 1419px" /> <div class="texts-wrapper"> <h2 class="title font2">Greece has hung out a welcome sign and is inviting innovators from around the world to participate in its turnaround story.</h2> <div class="body">Diaspora talent, investors and foreign businesses that have been drawn not just Greece’s famed sun-and-sea lifestyle, but also by the chance to participate in building an ecosystem from the ground up. They are becoming co-creators of the country’s reinvention, not only benefiting from its new dynamism, but driving it forward.</div> <div class="icons-wrapper"> <div class="icon"> <div class="image"><img width="75" height="75" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon1.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Average Annual Sunshine</div> <div class="subtitle">Over 250 days of sunshine per year</div> </div> <div class="icon"> <div class="image"><img width="28" height="67" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon2.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Average Annual Temperature</div> <div class="subtitle">Approximately 17°C</div> </div> <div class="icon"> <div class="image"><img width="98" height="49" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon3.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Work-Life Balance</div> <div class="subtitle">Greeks work long hours, but there is a strong emphasis on family and social life.</div> </div> <div class="icon"> <div class="image"><img width="61" height="53" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon4.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Cultural Activities</div> <div class="subtitle">Rich cultural heritage with numerous festivals, museums, and historical sites.</div> </div> <div class="icon"> <div class="image"><img width="73" height="67" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon5.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Quality of Life Index</div> <div class="subtitle">Moderately high</div> </div> <div class="icon"> <div class="image"><img width="58" height="48" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon6.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Internet Penetration</div> <div class="subtitle">High</div> </div> <div class="icon"> <div class="image"><img width="61" height="50" src="https://innovationnation.gr/wp-content/uploads/2024/07/ag-icon7.svg" class="attachment-full size-full" alt="" decoding="async" /></div> <div class="title font2">Digital Services</div> <div class="subtitle">Increasingly modern and widespread</div> </div> </div> </div> </div> </section> <section class="featured-articles-slider"> <div class="texts-wrapper"> <div class="title font2">About <b>Greece</b> | Articles</div>  </div> <div class="slider-wrapper"> <a class="slide" href="https://www.endeavor.org.gr/blog/greece-ranks-among-the-top-6-globally-in-stock-option-policies" target="_blank"> <img width="1300" height="1048" src="https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352.png" class="attachment-full size-full" alt="Downtown Athens" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352.png 1300w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-300x242.png 300w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-1024x826.png 1024w, https://innovationnation.gr/wp-content/uploads/2024/11/Screenshot-2024-11-13-at-11.29.55 AM-e1731490800352-768x619.png 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greece Ranks Among the Top 6 Globally in Stock Option Policies</div> </div> </a> <a class="slide" href="https://foreignpolicy.com/sponsored/greece-a-remarkable-economic-recovery/" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-a-remarkable-economic-recovery-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greece: A Remarkable Economic Recovery</div> </div> </a> <a class="slide" href="https://www.nytimes.com/2024/04/30/business/europe-economy-inflation-growth.html" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Europe’s Economic Laggards Have Become Its Leaders</div> </div> </a> <a class="slide" href="https://www.reuters.com/markets/europe/sp-revises-greeces-outlook-positive-2024-04-19/" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/sp-revises-greeces-outlook-positive-2024-04-19.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/sp-revises-greeces-outlook-positive-2024-04-19.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/sp-revises-greeces-outlook-positive-2024-04-19-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/sp-revises-greeces-outlook-positive-2024-04-19-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/sp-revises-greeces-outlook-positive-2024-04-19-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">S&P revises Greece’s outlook to ‘positive’ on debt reduction</div> </div> </a> <a class="slide" href="https://www.reuters.com/markets/europe/greek-economy-surges-after-decade-pain-2024-04-18/" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greek-economy-surges-after-decade-pain-2024-04-18.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greek-economy-surges-after-decade-pain-2024-04-18.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greek-economy-surges-after-decade-pain-2024-04-18-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greek-economy-surges-after-decade-pain-2024-04-18-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greek-economy-surges-after-decade-pain-2024-04-18-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greek economy surges after decade of pain</div> </div> </a> <a class="slide" href="https://www.eiu.com/n/greece-argentina-and-india-are-the-fastest-improving-business-environments/" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greece-argentina-and-india-are-the-fastest-improving-business-environments.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greece-argentina-and-india-are-the-fastest-improving-business-environments.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-argentina-and-india-are-the-fastest-improving-business-environments-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-argentina-and-india-are-the-fastest-improving-business-environments-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-argentina-and-india-are-the-fastest-improving-business-environments-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greece, Argentina and India are the fastest improving business environments</div> </div> </a> <a class="slide" href="https://www.endeavor.org.gr/blog/2023-outliers-report-choose-greece" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/2023-outliers-report-choose-greece.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/2023-outliers-report-choose-greece.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/2023-outliers-report-choose-greece-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/2023-outliers-report-choose-greece-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/2023-outliers-report-choose-greece-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greek Outliers 2023 Report | Choose Greece</div> </div> </a> <a class="slide" href="https://www.economist.com/leaders/2023/12/20/the-economists-country-of-the-year-for-2023" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/the-economists-country-of-the-year-for-2023.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/the-economists-country-of-the-year-for-2023.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/the-economists-country-of-the-year-for-2023-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/the-economists-country-of-the-year-for-2023-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/the-economists-country-of-the-year-for-2023-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">The Economist’s country of the year for 2023</div> </div> </a> <a class="slide" href="https://www.lemonde.fr/en/economy/article/2023/10/29/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19.html" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-painfully-rebuilds-its-economy-after-15-years-of-depression_6211022_19-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greece painfully rebuilds its economy after 15 years of depression</div> </div> </a> <a class="slide" href="https://www.nytimes.com/2023/09/25/business/greece-economy-eurozone.html" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/europe-economy-inflation-growth-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Greece, Battered a Decade Ago, Is Booming</div> </div> </a> <a class="slide" href="https://sifted.eu/articles/greece-unicorns-tech-unknown" target="_blank"> <img width="1300" height="1050" src="https://innovationnation.gr/wp-content/uploads/2024/07/greece-unicorns-tech-unknown.jpg" class="attachment-full size-full" alt="" decoding="async" srcset="https://innovationnation.gr/wp-content/uploads/2024/07/greece-unicorns-tech-unknown.jpg 1300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-unicorns-tech-unknown-300x242.jpg 300w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-unicorns-tech-unknown-1024x827.jpg 1024w, https://innovationnation.gr/wp-content/uploads/2024/07/greece-unicorns-tech-unknown-768x620.jpg 768w" sizes="(max-width: 1300px) 100vw, 1300px" /> <div class="content-wrapper">  <div class="title">Meet the Greek tech giants you didn’t know about</div> </div> </a> </div> </section> <section class="newsletter"> <div class="container"> 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