A presentation by Paul Kidner

1. Open Coffee
25th November 2016

2. Our mission
To relieve unemployment in Greece through
entrepreneurship
 Privately funded
 Not-for-profit organization
 Social impact through job creation

3.  1 in 4 or 1.3 million of working
population is unemployed
 Small business owners account for
75% of private sector jobs
 Greece has the lowest score in
access to finance in all 28 EU
countries
Why we exist

4. What we do
 Micro-funding: grants & micro-loans
 Business Development Services
….to existing and aspiring entrepreneurs
looking to create or grow a business

5. Micro-funding
Mix of Grants & loans
 Grants of up to €10,000 per business as
startup capital for a new business or as
working capital for an existing business
 Micro-loans of up to €10,000 per business
(provided by Action Finance Initiative)
 Leverage partnership to generate funding
of up to €20,000 per business

6. Business
Development
Services
Support businesses to improve sustainability:
 Business plan creation
 Coaching
 Mentorship
 Business education and training programs
(accounting, tax, HR, management modules)
 Access to incubators and accelerators
 Discounts on office space, equipment,
services and materials

7. We value
 Long-term viability and growth for entrepreneurs
and their employees
 Practical and direct social and economic impact
in the local economy
 Empowering the ecosystem through partnership
with existing organizations

8. Eligibility
 First time entrepreneurs
 Existing entrepreneurs looking to scale or pivot
 Second chance entrepreneurs
 All industries
 All age groups (over 18)
 Prioritize vulnerable groups (unemployed, disabled, single parents)

9. Funding Criteria
 Long – term viability & growth
 Employment creation
 Social & Economic impact
 Multiplier effect to suppliers
 Scalability
 Innovation

10. Some Examples
 Sarantaporo.gr : Connecting isolated villages
deprived of connection and basic services
(e.g. – medical aid) with the world through
wireless networks.

11. Some Examples
 Mind Gate: Creating a Virtual Reality Escape
Room

12. Some Examples
 The creation of a piece of software for a
niche consultancy in the drinks industry

13. Some Examples
 Stergiou Micro-brewery : nothing to do with
I.T., but it’s beer…! So….

14. So…

15.  Committed over 108k to 23 businesses
 On target to support 30 businesses in 2016
Where we are today

16.  Fund over 100 business in 2017
 Grow volunteer base
The year ahead

17. Contact details
Email: info@thepeoplestrust.org
Website: www.thepeoplestrust.org