8 th  Student Conference Department of Management Science & Technology Athens University of Economic & Business The Entrep...
What options young people have after graduation? <ul><li>Public Sector   Employee </li></ul><ul><li>Private Sector Employe...
What about opening your own business? <ul><li>Do you have an entrepreneurial idea? </li></ul><ul><li>What is the VALUE of ...
How will you evaluate your Entrepreneurial Idea? <ul><li>Does your idea solve a real problem? </li></ul><ul><li>Is your id...
<ul><li>Start-ups </li></ul><ul><li>Hard work </li></ul><ul><li>Persistence </li></ul><ul><li>Determination </li></ul><ul>...
Our Idea:  Entrepreneurial Ecosystem <ul><li>http://en.wikipedia.org/wiki/Entrepreneurial_ecosystem   </li></ul><ul><li>“ ...
Our Vision <ul><li>“ The Virtual Trip Entrepreneurial Ecosystems aims to be recognized as a leading international start-up...
What do we offer? <ul><li>Strategy – Advisory Services </li></ul><ul><li>Financing – Access to Capital </li></ul><ul><li>B...
How do we materialized our idea? <ul><li>Virtual Trip Ltd was founded in September 2000 at the Science & Technology Park o...
Is the “Idea” successful? <ul><li>Virtual Trip Holding SA,  www.vtrigroup.com </li></ul><ul><li>Virtual Trip Ltd,  www.vtr...
What is our next step? <ul><ul><li>Investing in Cloud Computing and SaaS start-ups </li></ul></ul><ul><ul><li>Focus to cre...
The only way not to fail is… not to try!
Questions ?
Thank you !
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The Entrepreneurial Ecosystem as an approach for boosting high-growth and Innovative Entrepreneurship

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8th Student Conference Department of Management Science & Technology Athens University of Economic & Business

The Entrepreneurial Ecosystem as an approach for boosting high-growth and Innovative Entrepreneurship

What options young people have after graduation?

What about opening your own business?

How will you evaluate your Entrepreneurial Idea?

What do you need to materialize you entrepreneurial idea?

Our Idea: Entrepreneurial Ecosystem

http://en.wikipedia.org/wiki/Entrepreneurial_ecosystem

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

Access to Capital
Access to Market
Mentoring/Coaching
Administrative Support

http://blog.vtripgroup.com/2011/05/christopher-pappas-speaker-at-8th_12.html

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The Entrepreneurial Ecosystem as an approach for boosting high-growth and Innovative Entrepreneurship

  1. 1. 8 th Student Conference Department of Management Science & Technology Athens University of Economic & Business The Entrepreneurial Ecosystem as an approach for boosting high-growth and I nnovative E ntrepreneurship Virtual Trip Entrepreneurial Ecosystem
  2. 2. What options young people have after graduation? <ul><li>Public Sector Employee </li></ul><ul><li>Private Sector Employee </li></ul><ul><li>or… </li></ul>Any ideas? Have you run out of ideas? Absolutely not!
  3. 3. What about opening your own business? <ul><li>Do you have an entrepreneurial idea? </li></ul><ul><li>What is the VALUE of this “idea”? </li></ul>Zero. An idea turns valuable after – or, in the process of – Materializing it.
  4. 4. How will you evaluate your Entrepreneurial Idea? <ul><li>Does your idea solve a real problem? </li></ul><ul><li>Is your idea going to succeed in the International Market? </li></ul><ul><li>Is your idea going to succeed in the Private Sector? </li></ul><ul><li>Does your idea solve a non existing problem? </li></ul><ul><li>Is your idea going to succeed in the local market? </li></ul><ul><li>Is your idea going to succeed only in the public sector? </li></ul>
  5. 5. <ul><li>Start-ups </li></ul><ul><li>Hard work </li></ul><ul><li>Persistence </li></ul><ul><li>Determination </li></ul><ul><li>Confidence </li></ul><ul><li>Quality </li></ul><ul><li>Realistic Goals </li></ul><ul><li>Virtual Trip Group </li></ul><ul><li>Access to Capital </li></ul><ul><li>Access to Market </li></ul><ul><li>Mentoring/Coaching </li></ul><ul><li>Administrative Support </li></ul>What do you need to materialize you entrepreneurial idea?
  6. 6. Our Idea: Entrepreneurial Ecosystem <ul><li>http://en.wikipedia.org/wiki/Entrepreneurial_ecosystem </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><ul><li>© Dimitris Tsigos | Virtual Trip, November 29 th 2009 </li></ul>
  7. 7. Our Vision <ul><li>“ The Virtual Trip Entrepreneurial Ecosystems aims to be recognized as a leading international start-ups incubator in the ICT sector.” </li></ul>Materializing Innovation “ Our start-ups create value through high technology for their Customers and their socioeconomic environment
  8. 8. What do we offer? <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>Financial & 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>
  9. 9. How do we materialized our idea? <ul><li>Virtual Trip Ltd was founded in September 2000 at the Science & Technology Park of Crete </li></ul><ul><li>Initially focused on consulting, development & integration projects </li></ul><ul><li>Started a s/w vendor activity in 2003 and spawn products out as subsidiary companies </li></ul><ul><li>Created a central business unit for common strategy, business development and administrative tasks </li></ul><ul><li>Virtual Trip Holdings SA became a gold member of EBAN in 2009 as an “early stage investor” </li></ul><ul><li>Virtual Trip España SL and Actech LLC founded in 2009 </li></ul><ul><li>First investment in “external” company in 2011 </li></ul><ul><ul><li>Syndesis Ltd, Next generation ICT services for personalized homecare of chronic illnesses </li></ul></ul>
  10. 10. Is the “Idea” successful? <ul><li>Virtual Trip Holding SA, www.vtrigroup.com </li></ul><ul><li>Virtual Trip Ltd, www.vtrip.net </li></ul><ul><li>Infomap SA, www.infomap.gr </li></ul><ul><li>Epignosis Ltd, www.efrontlearning.net </li></ul><ul><li>MVNS SA, www.mvns.mobi </li></ul><ul><li>SOLO Gateway SA, www.sologateway.com </li></ul><ul><li>Insurance Manager SA, www.insurancemanager.net </li></ul><ul><li>Diagramma Ltd, www.diagramma.in </li></ul><ul><li>S4Trips Ltd, www.s4trips.com </li></ul><ul><li>Actech LLC, www.actechco.com </li></ul><ul><li>Virtual Trip Spain SA, www.vtrip.es </li></ul><ul><li>Verita Ltd, www.veritadv.com </li></ul><ul><li>StudyBox SA, www.studybox.gr </li></ul><ul><li>Syndesis Ltd, www.syndesis.in </li></ul>
  11. 11. What is our next step? <ul><ul><li>Investing in Cloud Computing and SaaS start-ups </li></ul></ul><ul><ul><li>Focus to creating even better “access to market” channels and improving quality of offered ecosystem services </li></ul></ul><ul><ul><li>Looking for receiving VC funding for mature spin-outs, like eFront, Solo Gateway and Mobile Social </li></ul></ul><ul><ul><li>Looking for an IPO opportunity and /or a strategic investor for Virtual Trip Holdings </li></ul></ul>
  12. 12. The only way not to fail is… not to try!
  13. 13. Questions ?
  14. 14. Thank you !

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