The People's Trust at Open Coffee Athens LXXXIII
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Open Coffee is a not-for-profit organization in Greece that provides micro-funding and business development services to entrepreneurs to create jobs and relieve unemployment. It offers grants up to €10,000 and micro-loans up to €10,000 per business, as well as coaching, training, and other support services. Its goal is to fund over 100 businesses and create jobs in 2017 to help address Greece's high unemployment rate, especially among young people.
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3. Businesses can influence and advocate on issues like international development and trade rules.
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3. Entrepreneurship involves creating something new of value by taking on risks and using resources to pursue opportunities. Both entrepreneurs and intrapreneurs (inside existing companies) display traits like risk-taking and leadership.
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The People's Trust at Open Coffee Athens LXXXIII
- 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