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Virtual Trip


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Virtual Trip

  1. 1. Virtual Trip Entrepreneurial Ecosystem Materializing Innovation Athens, Greece July 2011
  2. 2. Summary <ul><li>Virtual Trip is an EU-based Group of dynamic start-ups in the ICT sector </li></ul><ul><li>Currently consisting of 14 companies </li></ul><ul><ul><li>Cutting-edge technology software vendors </li></ul></ul><ul><ul><li>Consulting, development and integration services in demanding ICT projects </li></ul></ul><ul><li>Figures </li></ul><ul><ul><li>FY2010 gross revenue of 10.5 M € </li></ul></ul><ul><ul><li>45 employees in Heraklion (7), Athens (33), Madrid(1) and Ohio(4) </li></ul></ul>
  3. 3. Background <ul><li>Virtual Trip Ltd was founded in September 2000 at the Science & Technology Park of Crete </li></ul><ul><li>Recognized as historically the first successful student start-up in Greece </li></ul><ul><li>Started as a consulting, development & integration services provider </li></ul><ul><li>Later (2003) added a s/w vendor activity and spawn out vertically specialized companies </li></ul><ul><li>Acquired Infomap SA (2005) to enter GIS and eGov markets </li></ul><ul><li>Introduced the concept of the “entrepreneurial ecosystem” as a next-generation start-up accelerator (2009) </li></ul><ul><li>Expanded to Madrid (2008) and Ohio (2009) </li></ul><ul><li>Became a gold member of EBAN – European Business Angels Network in 2010 </li></ul>
  4. 4. Entrepreneurial Ecosystem <ul><li> </li></ul><ul><li>“ An entrepreneurial ecosystem is a group of non-competing companies, including start-ups, established companies and one or more coordination entities, which share the same vision, values, culture, strategy and business processes and decide to form an organization in order to explore economies of scale in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management ” </li></ul>
  5. 5. Ecosystem Services <ul><li>Strategy – Advisory Services </li></ul><ul><li>Financing – Access to Capital </li></ul><ul><li>Business Development – Access to Markets </li></ul><ul><li>Talent Management </li></ul><ul><li>Financials & Accounting Management </li></ul><ul><li>MIS & IT Infrastructure </li></ul><ul><li>Marketing Communications </li></ul><ul><li>Legal Advisory </li></ul><ul><li>Business Administration </li></ul><ul><li>Offices / facilities </li></ul>
  6. 6. Our Values <ul><li>The key values of our people are: </li></ul><ul><ul><li>Entrepreneurship </li></ul></ul><ul><ul><ul><li>We love setting targets and achieving them! </li></ul></ul></ul><ul><ul><li>Usefulness </li></ul></ul><ul><ul><ul><li>The results of our work address real problems & needs of our Customers and their socioeconomic environment! </li></ul></ul></ul><ul><ul><li>Innovation </li></ul></ul><ul><ul><ul><li>We are constantly looking for new ways to address our Customers needs </li></ul></ul></ul><ul><ul><li>Quality </li></ul></ul><ul><ul><ul><li>We may negotiate everything but quality! </li></ul></ul></ul><ul><ul><li>Commitment </li></ul></ul><ul><ul><ul><li>Things may be proven more difficult than expected. We shall work harder than planned! </li></ul></ul></ul>
  7. 7. Ecosystem Figures <ul><li>Financial growth </li></ul><ul><ul><li>Revenue | 2001: €100Κ – 2010: € 10.5M </li></ul></ul><ul><li>Personnel: 5 -> 45 </li></ul><ul><li>International presence </li></ul><ul><ul><li>Antenna office in Madrid, Spain since November 2008 </li></ul></ul><ul><ul><li>Subsidiary in Ohio, US since September 2009 </li></ul></ul><ul><ul><li>Antenna offices soon in San Francisco, Brussels and Warsaw </li></ul></ul><ul><li>Broad spectrum of markets, products & services </li></ul><ul><ul><li>Products: SOLO Gateway, eFront e-Learning, mVision, Insurance Manager, Diagramma, OpenVote, S4Trips, VerITA </li></ul></ul><ul><ul><li>Services: S/W Engineering, Systems Consulting, GIS, e-Learning, Mobile applications, e-Health </li></ul></ul><ul><ul><li>Markets: Mobile and Fixed-line Operators , Small & medium businesses, Infotainment, Advertising, Education & Training, e-Government, Healthcare </li></ul></ul>
  8. 8. International Presence
  9. 9. Ecosystem Members <ul><li>Virtual Trip Holding SA, </li></ul><ul><li>Services </li></ul><ul><ul><li>Virtual Trip Ltd, </li></ul></ul><ul><ul><li>Infomap SA, </li></ul></ul><ul><ul><li>NGLS SA, </li></ul></ul><ul><li>Vendors </li></ul><ul><ul><li>Epignosis Ltd, </li></ul></ul><ul><ul><li>MVNS SA, </li></ul></ul><ul><ul><li>SOLO Gateway SA, </li></ul></ul><ul><ul><li>Insurance Manager SA, </li></ul></ul><ul><ul><li>Diagramma Ltd, </li></ul></ul><ul><ul><li>S4Trips Ltd, </li></ul></ul><ul><ul><li>Verita Ltd, </li></ul></ul><ul><ul><li>Syndesis Ltd, </li></ul></ul><ul><li>Distribution / Antenna office </li></ul><ul><ul><li>Actech LLC, </li></ul></ul><ul><ul><li>Virtual Trip Spain SL, </li></ul></ul>
  10. 10. Management Team <ul><li>Non Executive </li></ul><ul><ul><li>Prof. Christos N. Nikolaou, Non-Executive President </li></ul></ul><ul><ul><ul><li> </li></ul></ul></ul><ul><ul><li>Vangelis Zeginoglou, Non-Executive Director </li></ul></ul><ul><ul><ul><li>Ex. SUN Microsystems SEAME Director </li></ul></ul></ul><ul><li>Executive </li></ul><ul><ul><li>Dimitris Tsigos, Group CEO </li></ul></ul><ul><ul><ul><li> </li></ul></ul></ul><ul><ul><li>Dr. Evangelos Kotsovinos, Group CSO </li></ul></ul><ul><ul><ul><li> </li></ul></ul></ul><ul><ul><li>Dr. Nikos Sfyris, Group R&D Director </li></ul></ul><ul><ul><li>Nikos Priniotakis, Group CFO </li></ul></ul>
  11. 11. Strategy <ul><li>2000 – 2010 </li></ul><ul><ul><li>Internet Technologies </li></ul></ul><ul><li>2010 – 2020 </li></ul><ul><ul><li>Cloud computing / Software-as-a-Service </li></ul></ul><ul><ul><li>Mobile Applications & Services </li></ul></ul>
  12. 12. Human Resources <ul><li>Virtual Trip Group currently employee 45 persons </li></ul><ul><ul><li>All of them with university degrees, most with postgraduate studies </li></ul></ul><ul><ul><li>The technical team members hold postgraduate degree in computer science / engineering with research experience in major Greek or European institutions </li></ul></ul><ul><ul><li>Java is the core development technology </li></ul></ul><ul><ul><ul><li>Most of our technical personnel is certified by SUN Microsystems </li></ul></ul></ul><ul><ul><ul><li>Experience in .NET, PHP, Python </li></ul></ul></ul><ul><ul><ul><li>Linux is our platform of choice </li></ul></ul></ul><ul><li>Cooperation with a large network of specialized freelance IT Consultants </li></ul><ul><li>Unparalleled access to talent </li></ul><ul><ul><li>Strong ties with the Greek academic / research community </li></ul></ul><ul><ul><ul><li>CSD/UoC, CEID/UPatras, CS/AUEB, INF/UTH, ICS/FORTH, NCSR, etc </li></ul></ul></ul><ul><ul><li>Strong ties with the Greek & European start-up community </li></ul></ul>
  13. 13. Research Grants <ul><li>Virtual Trip Group companies have participated / participate to 30++ industrial research projects funded by EU- and National programs </li></ul><ul><li>The Group strategy is to commercially exploit research projects </li></ul><ul><ul><li>Explicitly, through direct product development as project deliverable </li></ul></ul><ul><ul><li>Implicitly, through know-how transfer to commercial products </li></ul></ul><ul><li>We actively explore opportunities for new grants </li></ul><ul><ul><li>7 th EU Framework Program </li></ul></ul><ul><ul><ul><li>CS-ORION, </li></ul></ul></ul><ul><ul><ul><li>CHOReOS, http:// </li></ul></ul></ul><ul><ul><li>4 th Hellenic Framework Program – “ESPA” </li></ul></ul><ul><ul><ul><li>S-PORT, </li></ul></ul></ul><ul><ul><ul><li>SPHINX, </li></ul></ul></ul>
  14. 14. Experience <ul><li>Portals </li></ul><ul><ul><li>Emporiki Bank </li></ul></ul><ul><ul><li>MoD, HNMS, MoT </li></ul></ul><ul><ul><li>Zenon SA, Ariadni, AVGI </li></ul></ul><ul><ul><li>30+ eGov Portals </li></ul></ul><ul><li>Information systems </li></ul><ul><ul><li>Hellenic Passport Issuing System </li></ul></ul><ul><ul><li>Emporiki Bank e-Banking </li></ul></ul><ul><ul><li>IKPA Workflow Management </li></ul></ul><ul><ul><li>OTE Dealers </li></ul></ul><ul><ul><li>Inform Lykos </li></ul></ul><ul><li>Systems & networks </li></ul><ul><ul><li>First Linux certified DPS partner in Greece </li></ul></ul><ul><ul><li>EETT – Number Portability, Piraeus Bank, Eurobank, Ethniki Bank </li></ul></ul>
  15. 15. Experience <ul><li>Human capital management </li></ul><ul><ul><li>Fujitsu-Siemens Australia </li></ul></ul><ul><ul><li>Telenor </li></ul></ul><ul><ul><li>Caterpilar </li></ul></ul><ul><ul><li>University of South Carolina </li></ul></ul><ul><ul><li>Awards-winning eFront platform, certified by US DoD </li></ul></ul><ul><li>Mobile applications & services </li></ul><ul><ul><li>OTE Conn-x View mobile surveillance </li></ul></ul><ul><ul><li>Mobile Social community portal of Vodafone, Wind and Cosmote </li></ul></ul><ul><ul><li>Mobile Social Games </li></ul></ul><ul><ul><ul><li>Leading “Live Blackjack 21” android game </li></ul></ul></ul><ul><ul><ul><ul><li>Ranked 8 th on the android market, over Zynga </li></ul></ul></ul></ul><ul><ul><ul><ul><li>4,000+ downloads/day </li></ul></ul></ul></ul><ul><ul><ul><ul><li>4.65/5 user rating </li></ul></ul></ul></ul><ul><ul><ul><li>Chess Live already published </li></ul></ul></ul><ul><ul><ul><li>Baccara, Spades and more casino games in development </li></ul></ul></ul><ul><ul><ul><li>Horse-racing, Backgammon in development </li></ul></ul></ul>
  16. 16. Experience <ul><li>Voice portals </li></ul><ul><ul><li>VoiceXML Pioneer in Greece (2001) </li></ul></ul><ul><ul><li>OTE, Forthnet, 30+ eGov projects </li></ul></ul><ul><li>Unified Communications / Cloud Computing </li></ul><ul><ul><li>Vendor of the SOLO Gateway platform </li></ul></ul><ul><ul><li>Provider of the OTE IP PBX solution </li></ul></ul><ul><li>Digital Signage </li></ul><ul><ul><li>Vendor of the VeriTA platform </li></ul></ul><ul><ul><li>Provider of the OSFE Digital Signage solution </li></ul></ul>
  17. 17. Experience <ul><li>Electronic Voting </li></ul><ul><ul><li>OpenVote platform </li></ul></ul><ul><ul><li>Secure, Remote Internet Voting </li></ul></ul><ul><ul><li>Providing absolute privacy and universal verifiability features </li></ul></ul><ul><li>GIS </li></ul><ul><ul><li>Infomap SA: GIS pioneer in Greece (1993) </li></ul></ul><ul><ul><li>Ktimatologio, AIA, A2004, 20+ eGov projects including MoD-Geographical Service, Ministry of Environment </li></ul></ul>
  18. 18. Contact <ul><li>Web / Social </li></ul><ul><ul><li> </li></ul></ul><ul><ul><li> </li></ul></ul><ul><ul><li> </li></ul></ul><ul><ul><li> </li></ul></ul><ul><li>Postal / Tel </li></ul><ul><ul><li>Santaroza 1 & Stadiou Ave, Athens, GR 105 64 </li></ul></ul><ul><ul><li>Tel +302106756008 </li></ul></ul>