How will the Greek economy adapt to the post-COVID world? What are the government's plans, and how will the entrepreneurs and investors respond?

1. Follow the event on Twitter #FTEBriefing #FutureofGreece #GreekInnovation
@fte_summit
@ec_glob

3. • 16:00 (CET) (17:00 EEST) – 16:05– Welcome and Introduction to our
speakers
• 16:05 – 17:20 - Each of our speakers shares his/her vision on the Future of
Greek Innovation and how their firms are tackling the opportunity
• 17:20 – 18:00 – Panel Q&A hosted by Julie Meyer
• 18:00 – Closing of the FTE Briefing

4. • 16:05 (CET) – 16:15 - Christos Dimas, Deputy Minister of Development and Innovation
• 16:15 – 16:25 - Vassilis Koutentakis, Executive General Manager – Retail Banking and Distribution, Piraeus Bank
• 16:25 – 16:35 - Dimitris Paraskevas, Managing Partner at Paraskevas Law Firm
• 16:35 – 16:45 - Tassos Iossiphides, Head of the Strategy & Transaction Services, EY Greece
• 16:45 – 16:52 - George Dimopoulos, Partner and Co-Founder at Venture Friends
• 16:52 – 17:00 - George Xiradakis, Managing Director at XRTC Business Consultants
• 17:00 – 17:08 - Spyros Trachanis, Partner, Odyssey VC
• 17:08 – 17:20 - George Moraitakis, Young Investment Professional

5. @ChristosDimas_

6. FTE Briefing on the Future of Greece and Greek Innovation
Dr. Christos Dimas
Deputy Minister of Development and Investments
Wednesday 9 September 2020

7. elevategreece.gov.gr
Elevate Greece
Main goals:
- Creation of the National Startup Registry
- Mapping the Greek Startup ecosystem
- Monitoring progress through KPIs
- Networking
- Addressing local and global investors
(Business Angels, Venture Capital Funds, big corporates)
- Tailor made measures by the Greek State:
(Financial aid, tax exemptions etc.)
Dr. Christos Dimas
Deputy Minister of Development and Investments
FTE Briefing on the Future of Greece and Greek Innovation

8. FTE Briefing on the Future of Greece and Greek Innovation
Dr. Christos Dimas
Deputy Minister of Development and Investments

9. - Collocation and collaboration of research teams
with industrial and business partners
from Greece and abroad
- Attracting international partnerships
and foreign investment
- Infrastructures with international standards
and open spaces in society
- New job creation
Thessaloniki International Technology Center
FTE Briefing on the Future of Greece and Greek Innovation
Dr. Christos Dimas
Deputy Minister of Development and Investments

10. R&D expenses: simplification of procedures and
increase in super deduction rates
Funds on R&D are limited (due to budgetary and Structural & Cohesion Funds constraints).
Simplification and acceleration of the process of qualified expenses engagement of Chartered Accountants
100% super-deduction rates for companies investing in R&D (effective 1/09/2020)
FTE Briefing on the Future of Greece and Greek Innovation
Dr. Christos Dimas
Deputy Minister of Development and Investments

11. Improving Research Infrastructures and increasing flexibility in
research
FTE Briefing on the Future of Greece and Greek Innovation
1. Increase investment in important Research Infrastructure
Agreements with the European Investment Bank:
A) Expansion and modernisation of the National Centre for Scientific Research “Demokritos”
B) Design and construction of new, modern and fully equipped
Oceanographic vessel, “Hellenic Centre for Marine Research” (HCMR)
C) Observatory for Climate Change and Atmospheric Pollution,
Panhellenic Geophysical Observatory of Antikythera (PANGEA), “National Observatory of Athens”
2.Research projects funded by EU Programmes or the private sector
are not subject to the restrictions of the Public Payroll
Dr. Christos Dimas
Deputy Minister of Development and Investments

12. Christos Dimas
@ChristosDimas_
Christos Dimas
Christos_dimas_
Dr. Christos Dimas
Deputy Minister of Development and Investments
Thank you!

13. @Piraeus_Bank

17. Future Of Greece & Greek Innovation
September 2020
1
7

18. Angel Investor VentureFriendsInvestment Banker
2011 - 2014 2011 – 2015 2015 - Now
George Dimopoulos
Finance  Angel Investor  VC
1
8

19. Our focus
1
9

20. The VF Story So Far…
2016
VF I
€20M
2018
VF II
€50M
32 🌍
32
Startups Funded
€117M
Additional raised from
global investors
1,102 Jobs Created
555 🇬🇷 547 🌍
49 🇬🇷
11
startups generating >
€1M ARR
81 founders backed
Proptech
Marketplaces
Fintech
Traveltech
SaaS
Sectors
Others
2
0

21. EquifundJeremie Funding Gap
2012 - 2016 2016 - 2018 2018 - 2020
II
59 # Funded startups 77*
10 Accelerators 5
500+ People working in Startups 2,000+
€ 69M Funding from Inst. Investors € 210M
€ 62.1M EU Funding € 166M
I
5* as of December 2019
From 4 Small to 6 Medium size Funds

22. Year of Exit
Value
€10M
2013
€10M
2015
€20M
2016
€43M
2017
€100M+
2020
€305M
2020
Start-ups with VF involvement
2
2
Exits are reaching an inflection point

23. Population (#): 9.9M
VC Funding (€): ~ 10b
Value of exits (€): ~ 4b
Population (#): 10.5M
VC Funding (€): ~ 730M
Portugal
Sweden
Population (#): 10.9M
VC Funding (€): ~ 480M
Value of exits (€): ~ 650M
Greece
Greece has room to grow
2
3

24. …and put Greece on the map of the
global startup ecosystem
Our vision is to create global champions
2
4

25. @xiradakis

27. Greek Innovation:
Leveraging Competitive Advantage
27
Spyros Trachanis

28. Innovative Entrepreneurship
Reaching Inflection Point
28
Critical number of Startups
First set of Exits
Strong increase in availability of Capital
A maturing Ecosystem
Fueled by the built-up of experience & a newly found outwardness

29. A unique asset:
The New Greek Diaspora
First (and second-generation Greeks) in major tech and business hubs
250.000 young professionals
Leading nationality among postgraduate researchers in US universities
22.000 University professors (60% of Greek professor population!)
A strong network of business leaders
29

30. Two Pillars of the Greek Economy
30
Tourism Transportation & Logistics
Jointly Represent 25% of Greek GDP

31. Tourism
31
In 2019 Greece was #11 in terms of arrivals and in the top
twenty in terms of tourism receipts
Significant private and public Hospitality and Infrastructure
projects
Gradual shift to new business and ownership models
Covid-19: a threat but also a catalyst for change

32. Transportation and Logistics
32
Greek shipowners steadily control the Largest Shipping Fleet
globally
Piraeus port now ranks #4 in Europe, after Rotterdam,
Antwerp and Hamburg
15% of global trade crosses the Suez canal and then sails by
the Greek coastline
Balkan stability improves transit trade opportunities
towards central Europe

33. A new found Outwardness
33
The Millennial generation enter the business world
Profound familiarity with modern communication technologies and the Internet
Perceive lower boundaries and less rigid structures
More emphasis and need for creativity and meaning
Faced with the Crisis they have expanded their horizons

37. Tweet about the event using #FTEBriefing #FutureofGreece #GreekInnovation
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