The Annual Venture Fair is one of the major efforts by The Hellenic Initiative to bring investment to Greece in this critical economic period. Begun in 2015, the Venture Fair is a unique event in Greece, where discussion about investment is transformed into opportunity to make investment.
Vetted companies are prepared by THI consultants for an “American-style” pitch event that brings together investors from across Greece and the Diaspora. This year, we are focused on opening up the event to even more investors. THI recognizes that empowering entrepreneurs to succeed in Greece is vital to rebuilding the Greek economic base, stimulating job creation, and promoting positive social change.
Greece has the entrepreneurial talent; of this there is no doubt. They just need a fair chance to compete in the global marketplace, and THI is committed to helping them have that opportunity.
We live with uncertainty; we live with risk. That’s what we do. We’re not afraid of uncertainty. We’re going to go forward, we’re going to be successful, and we’re going to make our dreams happen.Kurt Heiar, Entrepreneurial Consultant, University of Iowa
The work of The Hellenic Initiative is its commitment to economic development and the funding and mentoring of entrepreneurs, the belief in the human capital of Greece and the strong entrepreneurial spirit that exists here.Achilles V. Constantakopoulos, Chairman & CEO, TEMES S.A.
“It was the first time (in Greece) that you felt you were pitching to an audience that was interested in what you were saying. The investors were informed and they cared. THI’s VF was invaluable and we would happily participate again since there is nothing else like it in Greece.”Roxane Koutsolouka, Join Cargo
Creating opportunities for Greek entrepreneurs in Greece has always been at the center of THI’s mission. The Venture Fair represents a pioneer gathering, organized for the very first time in Greece, of promising companies unveiling the Greek business acumen and the potential of investors from all over the world.George P. Stamas, Senior Partner, Kirkland & Ellis LLP
For Greece to ultimately recover from the catastrophic economic events of the last few years, it needs to harness the power of entrepreneurs like those we heard from here today.Ambassador Eleni Kounalakis, Former US Ambassador to Hungary
THI is a global, nonprofit, secular institution whose vision is to mobilize the Greek Diaspora and Philhellenes around the globe to invest in the future of Greece.
First and last, we are committed to Greece, and we are dedicating our time, resources and networks to secure a brighter future for the birthplace of Western Civilization. We believe in the Hellenic spirit and its ability to overcome every obstacle and adversity. As the heirs of Thermopylae and Marathon, Salamis and Messolonghi, we know that we can shape our own destiny. If we do it together.
June 28, 2016
Companies 1-5 with Panel One Evaluation
Companies 5-10-with Panel Two Evaluation
Junior Achievement Prize
Companies 10-15 with Panel Three Evaluation
THI Egg Excellence Award
Special presentations to THI Entrepreneurial
Alexander Macridis is the Chairman and Managing Director of Chryssafidis S.A., a construction materials distribution company founded in 1882 and operating in the Balkans and Africa. Mr. Macridis is a member of the Board of Aegean Airlines, IOBE, The American College of Greece and Alba. He is currently the Treasurer of the Federation of Greek Industries (SEV) and serves on the Yale President’s Council on International Activities. Mr. Macridis holds a BA in Economics and Political Science from Yale College, a JD from Yale Law School and an MBA from Harvard Business School.
Founder and Chairman
Mr. Angelou is the Founder and Chairman of the Board of the International Accelerator in Austin, Texas, which is focused exclusively on foreign born entrepreneurs to help launch their technology startup businesses in the US. Angelos is an angel investor in several startups of foreign-born entrepreneurs.
He is also the Founder and Principal Executive Officer of AngelouEconomics (AE), and is widely regarded as the chief architect in establishing Austin as a nationally recognized high-tech center. Over the last 30 years the firm has conducted 650 economic development strategies for its clients and the location of nearly $18 billion in capital investments projects throughout the world.
Prior to starting AngelouEconomics, Mr. Angelou spent nearly 12 years with the Austin Chamber of Commerce as Vice President of Economic Development and Chief Economist.
Mr. Angelou serves on the Advisory Board of the College of Natural Sciences at the University of Texas at Austin, and he is also a fellow at the IC2 Institute at UT.
Past board memberships include the International Economic Development Council, the World Congress of Information Technology and the Texas-Japan Economic Conference. Angelos was one of the founders of the Greater Austin Asian Chamber of Commerce, and the Japan American Society in Austin and was also a founding member of the Site Selector’s Guild. He is the President of Schoox and of Gridmates, two portfolio start up companies in the International Acclerator.
Angelos is the Texas Governor’s appointee to the oversight committee of the Cancer Prevention and Research Institute of Texas (CPRIT), a $3 billion grant fund that invests to recruit the best talent and commercialization of technologies for the cure of cancer.
Mr. Angelou attended the Ph.D. program in economics at Southern Methodist University, he holds a Masters in economics summa cum laude from St. Mary’s University, and a bachelor of arts in economics and political science from the University of Texas San Antonio.
Retired President and CEO
Westinghouse Electric Company
Dr. Candris is the retired President and CEO of the Westinghouse Electric Company. During his 37 years career with the company, Dr. Candris held a number of technical, management and executive positions within the company.
In addition to his position on the Board of The Hellenic Initiative, Dr. Candris serves on the Board of Directors of NiSource Inc., and on the Boards of Trustees of Carnegie Mellon University, Transylvania University, and the Hellenic American University.
Dr. Candris holds a B.A. Degree in Physics and Mathematics from Transylvania University, and M.A. and Ph. D. degrees in Nuclear Science and Engineering from Carnegie Mellon University.
Senior Corporate Banking Manager
Cleo started her finance career in investment banking, working within the Industrials Group at Deutsche Bank Alex Brown (ex-Bankers Trust) in New York. Upon moving to Athens in 2001, she joined Citigroup-Athens covering corporate clients in all areas of corporate finance, including international loan syndications and debt capital markets. Cleo joined HSBC in June 2010 and currently has dual coverage responsibility for Corporate and Multinational relationships within Commercial Banking.
Cleo has two degrees from Columbia University, BSc in Mechanical Engineering and MSc in Financial Engineering, with engineering work experience in the US at top firms before moving her career to finance.
She is a mentor to 3 startup Greek ventures through VentureGarden, an initiative supported by The Hellenic Initiative.
Constantine counsels investment funds, family offices and companies in a wide range of matters including private equity investments, acquisitions, restructurings, credit opportunities and corporate governance. Constantine has worked with entities across the corporate growth cycle from early stage private companies to established publicly traded entities. He also has considerable cross-border experience and acts for his clients on a global basis. Constantine is one of the leaders of Reed Smith’s Global Business and Finance Group.
Apollo Management International LLP
Mr. Karagiannis joined Apollo as an Operating Partner in 2013, covering private equity, credit and real estate investments. He has 23 years of professional experience in finance with a focus on investment management and transaction execution, including 16 years in a principal investment capacity. Mr. Karagiannis has previously served as Chairman of the Hellenic Association of Investment Management Companies, and as Executive Director on the Board of the Hellenic – Securities Investor Protection Fund (SIPF). Mr. Karagiannis received his MBA from The George Washington University.
Co-Chief Investment Officer
Fortress Credit Funds
Mr. Dakolias is the Co-Chief Investment Officer of the Fortress Credit Funds business. Mr. Dakolias also serves on Fortress’s Management and Operating Committees. Prior to joining Fortress, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. Mr. Dakolias was previously a director at RER Financial Group (“RER”) where he was responsible for the firm’s acquisition efforts as a principal and as a provider of third party due diligence and asset management. Mr. Dakolias received a B.S. in Physics from Columbia University. Mr. Dakolias is a member of the Board of Trustees of the Cathedral Church of St. John the Divine in New York and serves on the Executive Committee and is a member of Board of Trustees for The Hellenic Initiative.
Metropoulos & Company
Mr. Metropoulos, chairman of Metropoulos & Company is a highly recognized and respected private equity investor having earned consistent top tier investment returns across 82 acquisitions during a 30 year investment career. Highly sought after as a partner and co-investor by other international private equity firms, sovereign funds as well as international banks, his firm has acquired businesses in the U.S., Europe, Canada and Mexico.
Mr. Metropoulos and his wife, Marianne, have been actively involved in supporting many Greek American organizations as well as numerous charities that support causes around the world. Metropoulos’ international reputation and well known Greek heritage act as a catalyst to attracting external investments in Greece, and, it is Mr. Metropoulos’ hope to promote and encourage changes in the transparency, the streamlining of the bureaucracy and legal system and the creation of “internationally modeled” valuations and partnerships in order to attract global capital and move Greece’s economy forward. According to Mr. Metropoulos,
“the talent and capabilities of Greek business leaders in Greece and throughout the world, is a unique and powerful opportunity that can transform Greece into a successful participant in this exciting generation of technology, international investments and globally transforming businesses. We all have a vested interest in helping our ancestral and beloved Greece as we encourage its transformation into this exciting generation of opportunities.”
Fasken Martineau DuMoulin
Elias Retsinas specializes in property and financial services law at Fasken Martineau’s Montreal office where he was admitted as partner in 2011. His practice is focused on the financing, acquisition, development and leasing of real estate assets such as office and residential complexes, shopping centres, resorts, wilderness estates and hotel properties.
Elias regularly acts on behalf of various national and foreign investment funds, family offices, banks, property owners, real estate developers and hotel banners and has extensive knowledge and understanding of the technical and business aspects surrounding the real estate and financial services industry.
Elias Retsinas was born and raised in Montreal, Canada, and is a graduate of the Faculty of Law of McGill University where he obtained bachelor’s degrees in civil and common law.
Evi Andrianou has 18 years of experience in the investment banking and financial advisory space. During her career she led the Investment Banking division of Telesis Finance and Eurobank EFG Telesis Finance and started, developed and successfully sold a financial advisory and consulting boutique firm based in Athens.
Evi currently sits on the Investment Committee and the BoD of “SouthBridge Europe Mezzanine SICAR”, an investment fund targeting growth SMEs in Greece and the region.
Evi holds an MBA in Finance with Honours from J.L. Kellogg Graduate
School of Management, (US) and a BA in Business Administration from
Athens University of Economics.
Axius Partners Pty Limited
George is a Managing Director and Co-Founder of Axius Partners Pty Limited and Australian based capital advisory and origination business. He has over 30 years’ experience in Banking & Finance and Investment Management.
Prior to establishing Axius Partners, George was Global Head of Real Estate at ANZ Bank.
George is also a current Board and Investment Committee Member of an Australian equities Funds Manager – Selector Funds Management Limited. He is the Treasurer and on the Board of The Hellenic Initiative (Australia).
He holds a Master of Commerce (Accounting & Public Administration) from the University of NSW and a Bachelor of Commerce (Economics and Industrial Relations) from Wollongong University. He is a Fellow of the Financial Services Institute of Australia.
Kirkland & Ellis LLP
George Stamas is one of the senior partners in the Kirkland and Ellis Corporate Practice Group, advising leading U.S. and international public and private corporations in planning and structuring complex business transactions and board of directors on corporate governance matters.
George was the former Vice Chairman of the Board of Deutsche Banc Alex Brown, Inc., a founding board member of FTI Consulting (NYSE), a venture partner of New Enterprise Associates, an international venture capital firm with $10 billion under management, and is an Executive Board member of MidOcean Partners, a middle market New York based private equity firm with $3.5 billion under
management. George also is a partner of Monumental Partners, which controls the Washington Capitals and Washington Wizards and is a partner of the Baltimore Orioles.
FOUNDER AND CEO
Create Investments and Patras Property Developments
Harry Patras is the founder and CEO of Create Investments and Patras Property Developments.
For over 35 years he has established and successfully managed a variety of companies ranging from corporate branding/marketing & communications, to property investments, construction and property development.
He is currently a board director of THI Australia, a board member of the HACCI Council (Hellenic
Australian Chamber of Commerce and Industry) and fundraising/advisory member of the Greek
Orthodox Community of Melbourne and Victoria.
Head of Social Responsibility
Jimmy Athanasopoulos, aged 41, is certified by the Harvard Business School in Corporate Social Responsibility and joined the Libra Group in 2012 as Director of the Hellenic Entrepreneurship Award, an award programme for Greek start-up businesses funded and managed by the Libra Group.
Following an MBA from Northeastern Illinois University, Jimmy began his career in Chicago as a provider of financial and investment services across various asset classes. He later undertook a variety of management roles at multinational corporations including DNV, Tyco Healthcare, and TetraPak before entering ship management as Chief Financial Controller with FreeSeas Inc.
He later joined G. Bros Maritime S.A. where he was responsible for financial reporting to the Board of Directors.
As Head of Social Responsibility for the Libra Group Jimmy provides strategic oversight of the group’s global responsibility and education programmes.
Chairperson of the Board
Marina Hatsopoulos is an entrepreneur, director and angel investor. She is Chairperson of the Board and investor in Levitronix Technologies, the worldwide leader in magnetically levitated bearingless motor technology. She is a Director of Cynosure Inc., a $300 million leader in the laser aesthetics market. She is on the Advisory Board of the Nantucket [technology] Conference, the EGG acceleration program in Greece, and MIT Enterprise Forum Greece. Ms. Hatsopoulos was the Founding CEO and primary investor in Z Corporation from 1994 through its successful sale in 2005. Z Corporation was a market leader in 3D Printing, a technology used to produce physical prototypes from design data at very low cost and high speed. She also served as Director of the GSI Group, a $300 million supplier of laser-based products, and Contex Holding, a $100 million leading manufacturer of large-format scanners. She was an investor and Director of Tea Forte, a luxury brand of teas and accessories, which was sold to Sara Lee in late 2011. She was also an investor and Director of Dear Kate, and is currently an investor in Codebender, based in Greece and C2Sense, based in Cambridge, MA. She holds a B.A. from Brown University and an M.S. from the Massachusetts Institute of Technology.
Partner and Managing Director
The Bapis Group
Michael N. Bapis, Partner and Managing Director with the Bapis Group at HighTower, brings over 15 years of wealth management and private banking experience to the practice. Michael assists private clients and families with wealth preservation using global asset allocation concepts and tactical investment management strategies.
Michael joined HighTower in 2008 and was featured on the cover of Investment Advisor Magazine as one of the first wirehouse advisors to breakaway and join the HighTower partnership. Michael now serves on HighTower’s Strategic Advisory Committee and has been named the Chairman of the Committee for 2014. In 2010, Michael served as the Chairman of HighTower’s Budget and Allocation Committee.
He began his career at Morgan Stanley in 1998 and spent time in various departments learning the financial services industry, then became a financial advisor in 1999. During this time, Michael became a Senior Vice President and Wealth Advisor as well as a member of the prestigious Chairman’s Club- the top 150 advisors in the firm. Michael earned a BA in Management from the University of Utah and an MBA also from The University of Utah.
Michael is considered a thought leader in the industry having appeared on Fox News and quoted in CNNmoney.com, CNBC.com, Reuters, Money life, Investment News and The Deseret News. He also actively participates in his community, serving on the Leadership 100 Board and Audit Committee, the Ronald McDonald House Greek Division Board, and the Archangel Michael Greek Orthodox Church’s Vision Committee.
A Skadden Arps (New York) alumnus, Nicholas is a recognized expert in international transactions and counts some of the world’s largest credit institutions, funds, investors, financial advisors and corporations among his clients. He has a track record of advising clients on major, large scale international finance, capital markets, corporate and privatisation transactions.
Nicholas’ extensive familiarity
with international deals, together with an in-depth knowledge of the local framework, places him in an ideal position to facilitate both inward and outward investment based transactions. Nicholas has held non-executive board member positions in the Intralot Group and NBG Pangaea REIC.
Nicholas’ work has been recognized by numerous international legal directories and journals where he has received numerous awards and recognitions.
Nikos joined BC Partners, one of the leading international Private Equity firms, in London in 2005 and has 18 years experience in private equity having led a variety of investments globally. He has been an active investor in the media, telecoms, consumer and retail industries.
Prior to joining BC Partners, Nikos was a Partner at Apax Partners in London where he spent seven years working on large buy-out transactions in Europe. Nikos is also Chairman of the BC Partners Foundation, member of the Harvard Business School European Advisory Board, the Advisory Board of the AUEB, the Board of Trustees of the ImpetusPrivate Equity Foundation, the Board of The Hellenic Initiative, and a Fellow of the Royal Society of Arts.
Nikos holds an MBA from Harvard Business School and a degree
in Business Administration from Athens University of Economics & Business.
Panos is a partner in the Firm’s Financial Industry Group. Currently based in Reed Smith’s London office, Panos had a diverse practice advising U.S. and European-based clients in the entire lifecycle of alternative investment vehicles, including the establishment of new hedge funds and other alternative investment vehicles, the restructuring or liquidation of such vehicles or related investments, the structuring and documentation of transactions concerning new investments, corporate governance matters, and strategic advice with respect to disputes with investors, counterparties, and/or regulators.
In addition, as a Greek national who initially received his legal education in Greece, Panos has a significant Greek-interests practice, focused on advising international clients with respect to investments in Greece or Greek-based clients with respect to their international legal needs. Panos has also been advising clients on issues arising out of the restructuring of Greece’s sovereign debt and clients interested in the country’s privatization programme.
Prior to joining Reed Smith, Panos practiced corporate and securities law and litigation in the New York office of Shearman & Sterling. In that regard, Panos advised clients in several front-page litigation matters involving securities and accounting fraud, sovereign debt default and related litigation, internal investigations and corporate governance issues, M&A disputes, and other corporate matters.
Following Shearman & Sterling, Panos served as in-house counsel for an international fund of hedge funds group. In that capacity, Panos gained substantial experience in the formation and structuring of hedge funds and other alternative investments, negotiating and executing financing transactions, derivative structures and ISDA documentation, and corporate governance issues.
Executive Director, Strategic Planning
Peter Abraam has successfully held executive leadership roles across a variety of international business sectors. Based in Abu Dhabi since 2007, he has led the strategic development of many of the Royal Group’s global business, property and private equity investments and sits on the Board of a number its conglomerate companies.
Prior to leaving Melbourne, from 1999, Peter was the CEO of the highly acclaimed Victorian Major Events Company. From 1995, he managed the Event Planning & Operations portfolios for the award winning Melbourne FORMULA 1™ Grand Prix and MotoGP, and was an adviser to the Sydney 2000 Olympic Games.
Peter is a Trustee of Cranleigh School (Abu Dhabi) and a non-executive Director of Viola Communications and FC11. He is a Leadership Victoria fellow (1999) and served as the ‘Team Attache’ for Cyprus (during the Commonwealth Games). Peter is a Board Member of The Hellenic Initiative (Australia) and Chairman of it’s Crisis Relief Sub-Committee. A graduate of RMIT University (1985), he initially practiced in Landscape and Urban Design.
Founder of JoinCargo, Roxane Koutsolouka, has an academic background and international experience in the logistics domain. She is half Dutch and half Greek and has working experience in both countries in the sector of logistics.
Everyday difficulties and management challenges of the entire shipping business prompted Roxane to create something radically different, an online transport matching platform, JoinCargo. Currently, having raised €400.000 in pre-seed funding, JoinCargo is a team of seven people, the platform is up and running and deals are made every day.
Athens Exchange Group
Socrates Lazaridis is CEO of the Athens Exchange Group. He is also Chairman of the Board of the Stock Markets Steering Committee, member of the Board of the Hellenic Capital Market Commission, Chairman of the Hellenic Corporate Governance Council and Member of the Board of the American-Hellenic Chamber of Commerce.
He joined the Athens Exchange Group in 1994 and held several positions at the Central Securities Depository, the “Systems Development and Support of Capital Market” (ASYK SA) and the Athens Exchange, while he served as member of the Board at Athens Derivatives Exchange and the Athens Derivatives Exchange Clearing House.
He was also member of the Board of the LinkUp Markets and of the Federation of the European Securities Exchanges (FESE).
Born in Athens in 1962, he studied Economics at the Department of Economics in Athens University and continued his studies for an MSc (Econ) at Queen Mary College of London. In 1987 he founded “Effect Ltd”, which specialized in software development for the capital markets industry.
7L Capital Partners
From 2006 to date, Mr Capsaskis and the other Principals of 7L Capital Partners have been advising 7L Capital Partners Emerging Europe LP, a fund that they raised and invested in Southeastern Europe. From 2003 to 2006, they advised a number of regional corporates on fund-raising and M&A activities.
From 1999 to 2003, Mr Capsaskis was Director – Investments and a member of the Management Team at the Commercial Capital Group (CCG), significantly contributing to its becoming one of the largest private equity/venture capital firms based in Emerging Europe. From 1990 to 1999, Mr Capsaskis worked at the London branch of Ergobank. He was responsible for the establishment of the branch in 1990, and advanced to Deputy Senior Manager in 1993. In 1997 he was promoted to Senior Manager.
Stefanos C. Capsaskis was born in London, UK, in 1958. He is fluent in English and Greek. He holds MA, MEng and PhD degrees in Chemical Engineering from the University of Cambridge. He was awarded Cambridge’s Danckwerts-Pergamon Prize in 1985. He was a Member of the Board of Directors of ProBank SA from 2003 to 2011 and is a Member of the Board of Directors of IOBE.
Our flagship product is drumatom, the world’s first software for controlling microphone leakage in drum recordings. Microphone leakage (or bleed) occurs when a microphone captures not only the intended sound source but also the nearby sources. Bleed is seen as a sound engineering nightmare since the beginnings of sound recording. The early versions of drumatom eliminated bleed – but we soon realized that we are addressing an even bigger opportunity. With our new AI, the sound of each drum can be isolated in all available microphones, and can be used constructively to create a new never-before-available drum sound. By extending our technology to other instruments, the challenge of trying to manage the sound coming from performers playing together becomes an advantage – enabling the engineer to create a new musical experience and dramatically reducing the time needed to finalize a mix. Obviously, all of this extends to the live stage and concert world. In addition to drumatom, we have also released a major post production tool (ERA-D), that has received thriving reviews and we are about to release Regroover: a next generation beat machine, that will re-define what’s possible in electronic music sampling. There are 6 million people recording music (amateurs and professionals). The music software industry was approximately $0.5 billion in 2015. The pro-audio industry for live concerts was $1.5 billion. Filed 5 US patent applications for the company’s core technology (1 already granted). Adobe is actively into AI music research while other competitive companies are LANDR, Izotope, Celemony, etc. No direct competitor so far. Will create a software product line for each of the 3 main music production segments (studio, post-production, creative), building upon the core products we have released (common core tech allows a fast time to market). Strategy: direct software sales (standard in the industry) or monthly subscription (later), grow the user base and release of annual paid updates. Team of 10 in Greece, combining a strong engineering background with deep expertise in artificial intelligence and a passion for great music. Groundbreaking technology, based on many years of our founders’ research. Will be profitable within the next 12-18 months. Thousands of customers and a growing user base. Products endorsed and used by top names of the music industry.
Advantis Medical Imaging B.V. ( Advantis ) offers a highly sophisticated, webbased and user friendly post processing and 3D visualization software suite named “Brainance”, for the processing of three different brain MRI exams: Diffusion,Perfusion and Functional MRI.
Current software solutions use fiber tracking algorithms with a 65% max accuracy in the final 3D reconstructions of the human brain’s nerve fibers making it difficult for neuroadiologists to accurately diagnose sever diseases. Also, most current software solutions are not user friendly because they are installed or embedded desktop applications limiting use from any device and exchange of information. They are also exptremely expensive and forcing SMEs (clinical & diagnostic centers, individual doctors, etc.) to rely on 3rd parties.
Brainance is neither a business idea nor a Minimum Viable Product. It is a completed and functional software suite. That uses inhouse developed algorithms which achieve, in the case of DTI, high accuracy rates of 90% in the final 3D reconstruction of the human brain’s nerve fibers. Brainance is accessible from any internet browser and therefore there are no device restrictions. Parallel processing from different nodes is possible achieving optimization of the daily workflow within the hospital/organization. Brainance can be easily integrated with internal or external EMR systems in order to manage patients exams. Moreover, clients are provided, real time, with any updates and upgrades of the software without needing to download them or receive them in a CD (at the moment these updates are being charged extra from the current software providers, increasing this way the overall cost for the client). Brainance offers affordable pricing, which suits all types of hospitals and diagnostic centers.
blueground is a hospitality start-up aspiring to become one of the global leaders in the dynamic Vacation and Corporate Rental (VCR) market. blueground is creating a technology enabled chain of serviced apartments, houses and villas created by transforming existing residential properties. The company functions similar to a hotel, but instead of having all rooms under a single roof, it operates individual properties spread across each city.
Over the last 5 years, the rise of the VCR e-marketplaces (Airbnb, homeaway etc.) is disrupting the hospitality industry. The VCR market in US/EU is €136B with a 3x potential over the next 10 years. Regulation and commercial developments have enabled travellers to easily book an apartment or house online instead of a hotel room.
However, despite strong growth, two pain points have surfaced:
Several start-ups have risen to address the first pain point by offering promotion and management services to owners. However, no start-up is addressing the second pain point. – “Our biggest growth hurdle is limited supply”– Head of Europe Airbnb.
blueground is the first start-up addressing the second paint point, that of limited supply in a systematic, scalable way. blueground leases or fully manages properties and subsequently renovates, furnishes and equips, effectively converting properties to quality, best practice rentals. blueground is creating supply of VCR properties as it grows. In addition to creating supply, blueground is also focusing on the underserved corporate segment that no other start-up in the space is addressing. As blueground relies on existing residential building stock to expand, and with Venture Capital backing, it will continue to grow very fast, grew 4x in 2015.
blueground is already active in Greece, Turkey and it will soon launch Dubai. The company will further expand in Europe, Middle East and Asia with the aspiration to reach €1B in revenue and 100,000 properties by the end of 2021, making blueground the 12th biggest “hotel” after Hyatt with today’s figures.
Centaur Technologies is a pioneer in IoT solutions for post-harvest product protection. We offer a cloud-based IoT & data analytics solution addressing Intelligent Pest Management ‘apps’ for the food/agro industry. It’s a batteries-included product combining proprietary wireless sensors and intuitive software, offered as SaaS. Traditional methods have been based on arcane monitoring tools, or no monitoring at all, thus being prone to human error, waste, safety hazards to people and the environment. We provide constant monitoring and online guidance for yield and quality improvement.
Centaur Technologies has advanced sensors that connect reliably in adverse conditons (eg transmitting from inside containers). Our application-specific analytics are able to provide important information, for example predicting pest control success based on entomological models. Centaur’s application software operates with minimal resoucres on inexpensive embedded microservers (node.js/Angular).
In May of 2015, we released our cloud app for heat treatment (eco-friendly pest control) of flour mills. Later, in October, we have devel
Competition includes equipment vendors such as Honeywell (US), Draeger (DE) who however sell traditional monitoring systems with no cloud connectivity.
E-table.gr is a breakthrough digital service for the Greek market that helps diners discover new restaurants and make instantly confirmed, online table bookings 24/7. E-table.gr is free, does not require the use of credit card and provides users with exclusive privileges and discounts. E-table.gr is energizing the Greek dining industry by taking an established business idea from abroad and adapting it to the local dining environment.
E-table.gr is one of the most popular Greek platform for Restaurant reservations and the only one offering the ability to book in more than 1700 signed restaurants. Our expansion in 22 cities, having the most updated information for 1700+ facilities, pre-booked table capacity and dedicated sales force are some of our competitive advantages that makes us the market leader and partner to loyalty schemes of country’s largest financial institutes (banking & insurance) and commercial brands (airlines, liqueurs etc.)
e-table.gr launched over 20 months ago, complete with Android/iOS functionality. We are currently developing Android Table & Guest Management. To date, we have seated over 150,000 customers with €25,000 monthly recurring revenue. That translates to between 4000 and 4500 bookings per month, or €8.17 CPA.
Easyhero connects customer with the right professional for their project. Whether it’s a plumber, photographer, tutor, web programmer or accountant, all the customer has to do is post his request on Easyhero and within a few minutes he can receive up to 5 quotes from qualified professionals. After that he can review the professionals’ profiles and select the one who suits him best.
Through Easyhero, the user posts his project and receives quotes from vetted and available professionals. This saves an enormous amount time as the client does not need to search endlessly. Our service searches for the most suitable professionals who are interested and available for the project, while providing professional quotes.
All professionals who work with Easyhero are reviewed and have a detailed profile that outlines their services. This is a great benefit for each customer who has all the necessary information in order to select the right professional for his project (unlike other services).
Through Easyhero the customer may receive up to 5 quotes for a service. This creates a transparent environment which enables the professionals to send their most competitive quote in order to undertake the job.
Easyhero has serviced more than 20,000 customers to date, with 40% MoM growth. Our professionals network has more than 2000 from a wide variety of industries. 10% of all of our customers post a second job during the same month, while we maintain less than 4% monthly churn rate for our professionals.
Ergon was born in 2007 as a series of Greek traditional products from all corners of Greece. For the first 4 years, we were focused on building and distributing a strong, unique product portfolio. Ergon redefined in aesthetic and quality terms the meaning of “traditional”; products from small, honest workshops, from partnerships, and from romantic tenacious producers. Our aim was to create a series of products which are the crown jewels of their respective categories. Our products are: Protected Designation of Origin, Protected Geographic Indication, Organic Farming, Integrated Management, Wild, Uncultivated products from small workshops or with intense local characteristics. We now have a portfolio of 1200 products sold in 300 points of sale in Greece and abroad. Every year we renew our product portfolio by 10% through extensive research and development in new food technologies and product categories.
In 2011, Ergon began a transformation into a retail consumer brand by developing its own retail network. In our retail stores, we used the same aesthetic recipe that we used with the Ergon products and we have been able to build a network of spaces with strong aesthetics, design, and simplicity. Today, Ergon has 10 stores in its network. We have been able to successfully develop outposts that range from Ergon-branded corners in hotels and supermarkets, to Ergon delis and restaurants, to our flagship Ergon Agora – a 10,000 sq.ft. celebration of all aspects of the Greek specialty food space.
Ergon is many steps closer to accomplishing our vision of becoming a premium global food brand. We have a truly unique specialized product portfolio of artisanal Greek products. A recognized modern brand with successful concept stores in Greece and abroad. We have developed key partnerships with major players for the artistic aspects of the business, strategy, and design. Our footprint is growing with strong momentum in Europe and the US. In short, Ergon is a proven concept with proven growth potential. We are presenting Ergon at Venture Fair with the goal of gaining the support to accelerate our growth. Expand our retail network, expand our wholesale network, and launch a strong web service channel.
Fieldscale’s cutting-edge simulation technology will empower engineers to explore new and improved applications in almost every aspect of human life, from the manufacturing and education to the medical industry and beyond.
Recent changes in touchscreen industry lead to a major redesigning of existing products and increased R&D expenses. We grabbed this opportunity to join a fast-to-market industry with high ROI. We developed a specialized software solution based on our simulation technology that enables touchscreen manufacturers to reduce the time-to-market phase, lower production, and design costs and simplify the value chain.
Simulation software tools have been used for over 30 years serving almost every technology industry. And that’s their problem. Being 30-year-old legacy software codes, they fail to meet the growing needs of the industry for optimized products and shrank time-to-market cycles. They are slow and very hard-to-use. As a result, engineers waste hours and sometimes even days to get results.
Fieldscale brings the electromagnetic simulation market to the cloud era and reduces simulation time 10X. We implement new generation algorithms specially developed for cloud computing. On top of that, we offer the most intuitive user environment specially designed for the needs of each industry. Our solutions are specifically designed to empower engineers to work smarter. With our tools, companies will develop better performing products, much faster, and at lower costs than ever before.
Two of the top Greek VC firms are backing us – the OpenFund and the PJ Tech Catalyst. Fieldscale has already partnered with Altair, the 3rd largest simulation software vendor in the world. One more partnership with a world-class corporation will be announced in June 2016 in Austin, TX.
Fieldscale offers state-of-the-art simulation software, for electric design and analysis, built from ground-up to support the constantly growing demand of the world for better and safer electronic products.
Heliix enables companies and individuals to increase performance of existing infrastructure by providi ng state-of-the-art waste heat recovery units, which convert low grade thermal energy to useful electricity.
Founded in mid-2013, Heliix has built a solid track record, including being announced winner of two international competitions – Make Innovation Work 2014 and Hellenic Entrepreneurship Award 2015, attracting more than 600 000€ of capital, including a seed angel investment round in early 2014, scaling up its team from 2 to 14 highly motivated individuals (11 on the payroll) in less than 12 months, constructing and testing of more than 10 prototypes, including one pilot installation with a major solar water heater manufacturing industry, as well as being granted a patent for its waste heat recovery technology that protects company’s intellectual Property rights in a global scale. For the time being, the company provides a medium scale waste heat recovery unit, which addresses small and medium industries, large hotels and energy production plants. while the mid-term company’ s vision is to enter the domestic market wit h a smaller unit that will allow households to save significant amounts of energy through upgrading their existing HVAC infrastructure.
Heliix has developed a series of waste heat recovery products, based on a ground-breaking thermodynamic cycle designed in-house. By implementing Heliix’s innovative solutions with existing infrastructure, customers can benefit from lower carbon footprint, increased savings in operational costs, short payback period – in specific cases less than a year, compliance wit h international regulations, sustainability in customer service. The waste heat recovery units are built on a make-to-order basis and are provided either as a one-off sale or as part of a long-term financing contract.
MCOM Media Communications is one of the leading IT solution providers for the hospitality industry with a suite of products that have applications in the cruise ship, healthcare, transportation and other industries. The company has a large network of partners and regional offices in Europe, North America, Middle East and Africa. MCOM designs, develops and operates advanced IPTV, VOD, Mobile, Internet and Signage solutions for multiscreen environments, including applications for Smart TVs, set-top boxes, smartphones, tablets, laptops and digital signage monitors.
MCOM’s hotel product suite is called HOTstream. HOTstream delivers digital content, connectivity, and commerce services to hotel guests on multiple devices via one centralized platform. HOTstream IPTV, VOD, Mobile, Digital Signage, and Internet products are highly customizable. HOTstream is integrated with the hotel’s systems and becomes fully commerce-ready for hotel guests. There are also some vertical markets with similarities to hospitality that MCOM caters to occasionally, with its BIZstream product. These additional markets include IPTV, VOD, Mobile and Signage solutions for the cruise ship, healthcare, transportation and sports events industries. Concerning the last segment, MCOM has been offering its solutions to the Olympic Games starting in Vancouver 2010, followed by London 2012, Sochi 2014 and Rio 2016.
In the next 3 years, MCOM Media Communications expects to expand quickly. We are already throughout Europe and North America, and expect further expansion. MCOM is also seeking approval, certification and recommendation of its products by luxury hotel brands. Finally, we will be implementing a cloud service option in the markets with mature cloud providers and internet connectivity.
Pockee is a mobile coupon & loyalty platform for grocery store brands and supermarkets.
Pockee is a platform that helps brands and retailers to move from paper coupons and other inefficient types of promotion, to mobile coupons. Through this sophisticated platform, brands build solid understanding of their consumer and are able to drive engagement & loyalty, via personalization. Through the Pockee app, users with relevant coupons can validate purchases and receive cash refunds. They find coupons for various categories in one place and don’t have to worry about printing or forgetting paper coupons. Pockee does not need any POS integration or receipt scans for validation; instead it uses the central information system of retailers / supermarkets to validate purchases. This way it achieves 0% fraud, while limiting retailers involvement & lifecycle costs. Pockee is also working on developing an API as a SaaS solution for third party sites/ mobile apps.
Pockee is a unique mobile coupon platform that brings together FMCG brands with retailers, eventually enabling consumers to get real discounts on their everyday grocery shopping, all on their mobile phone, not having to print or collect paper coupons. We provide to brands & retailers the tools to connect with their consumers in the critical moments of truth (from zero to first to second moment of truth), where the brand & retailer preference choices are made. We are globally first on 100% mobile couponing, embodying a technology that addresses all concerns in the FMCG industry. Our ambition is to bring a small revolution in the local multi-million promotions industry and a big one in the global multi-billion promotions industry.
RTsafe is a medical technology company that has developed a new approach to quality assurance which significantly enhances the safety and accuracy of radiotherapy for cancer and other medical conditions.
We combine proven expertise in medical physics with highly accurate 3-D printing technology to create patient-specific dosimetry phantoms. The anatomically accurate effigies enable medical professionals to plan more precise treatment interventions and help radiotherapy technology innovators to fine-tune their products.
Modern Radiotherapy (RT) makes use of very complex procedures for high radiation does delivery. This high complexity raises issues regarding patient safety. Radiation therapy accidents may occur resulting often in severe patient side-effects or event death. National and international organizations emphasize the need for enhancing and improving patient safety in radiation oncology.
RTsafe has developed an innovative technology/methodology for a patient-specific quality assurance process in radiation oncology. With our technology, we produce a precise duplicate (3D Avatar) of the patient’s afflicted area where radiation treatment is necessary. A separate avatar is created for each patient. The doctor can first check the overall planned treatment chain on the patient’s ‘avatar’. The approved treatment can be then safely applied to the real patient. In this way, errors can be made on the avatar and not on the patient.
A year ago, our team embarked on the journey of fixing the used cars market, a long lasting problematic buy sell process dictated by mistrust issues, mispricing practices and quite bad customer experience.
We chose to attack the used cars market for three primary reasons:
The first solution we created on April 2015 was Spotmechanic, targeting the main problem in today’s used cars market, trust. Spotmechanic is a technical inspection service that offers buyers a reliable 180+ points inspection from accredited mechanics at the vehicle’s area, eliminating the need to move the car elsewhere. Receiving the unique automated 10-page report per car, buyers have the opportunity to run inspections on cars located in different cities, without them being around, at a very reasonable price.
Spotmechanic showcased great success within its first year of operations, concluding 2,500 inspections while achieving a 92 NPS score. Managing a failure rate of 0.1%, the service created a very trusted brand that is considered today the benchmark on pre-buy consulting.
On May 2016 we launched our second service, Spotawheel, the end to end solution on the buy sell problem. Building upon Spotmechanic’s credibility, Spotawheel is an efficient, capital light, online dealership model that offers a seamless experience for both buyers and sellers. Spotawheel sellers get a high, above any other dealer, price for their car while having the chance of keeping it until it’s sold. Spotawheel buyers enjoy the best valued used cars in the market, fully checked though all possible ways, guaranteed, and delivered either for test drive or purchase at their doorstep.
By Q1 2017 Spotawheel will be selling 140 cars per month, becoming a top 5 dealer in Greece. By 2018 Spotmechanic and Spotawheel will be live in Italy and Turkey, attacking a EUR 9 bil market in total.
Yoleni’s is the leading Greek online delicatessen shop in the European and the US markets, very soon to expand onto more global markets.
Yoleni’s brings more than 2,000 locally crafted artisanal products from 180 prestigious countryside producers, supporting more than 2200 province families. The product mix is consisted of certified products that keep producer’s label, made by applying traditional methods of production, using natural ingredients of acknowledged nutritional value, staples of the internationally known and awarded Mediterranean Diet.
A differentiated proposal, www.yolenis.com serves multiple purposes: it presents the products and their features, focusing on the place of origin and its ecosystem, showcasing rich content, and focusing on the customers’ benefit by proposing ways to use each product (including more than 350 in-house developed video recipes). Besides retail sales, Yoleni’s serves corporate accounts, providing both wholesale orders and tailor-made business gift baskets services. Compilations of the finest authentic products, in unique giveaway gift boxes, as well as corporate gift baskets.
Active since the last 2 years Yoleni’s has a record of handling dispatches to 47 countries worldwide, operating from its own facilities in Athens and the USA. Yoleni’s operations are soon to be expanded and the first physical retail store to open, in Athens Greece, in a landmark location and building.
Yoleni’s aim is to give the ability to customers and corporations globally to explore the authentic Greek Mediterranean flavors, on a multichannel level: online, physical stores, B2B, affiliation network, introducing the secrets and the finest flavor of the Greek Mediterranean cuisine, through a unique experience.
Zoottle is the leading social infrastructure platform. We solve the four primary problems hotels face today by converting their WiFi liability into a sales and marketing asset. Today’s hotels face 4 main problems: they only have <10% of their guest’s emails, they need to limit negative online reviews, they need to upsell a number of hotel services during a customer’s stay, OTA fees decrease revenue by 10%+.
Zootte offers both server and router based turnkey solutions, allowing large and small venues/merchants to leverage existing infrastructure with minimal investment. Apple-like integration of hardware, software and cloud-based management tools provide never before possible in-venue offerings.
Our proven strategy involves partnering with distributors and resellers in target markets, providing them with above-market commissions in exchange for 1st level customer support. The high commissions drives increased sales, while offloading 1st level support decreases OPEX.
We will continue with our successful SaaS model with its proven revenue track. We will continue to add functionalities which will allow us to further increase revenues. Zoottle is a relatively low risk investment with a proven team, solution and results. We are seeking $1 million, followed by $5 million in 18-months to accelerate growth, build a sales team, and expand distribution. After 2-3 years, Zoottle will become an attractive acquisition target.
46 Vassilissis Sofias Avenue
Athen 115 28