Greece’s Tech Economy: A Hidden Gem
Greece, known for its picturesque islands and rich history, is quietly transforming into a modern tech hub. While many overlook this progress, the country is making significant strides in building a resilient tech economy.
During a recent visit to Athens, it became evident that Greece is not just rebranding itself as an “Innovation Nation.” With policy changes, increased investor interest, and a focus on tech and entrepreneurship, the country is on the path to success.
In a meeting with Greece’s Prime Minister Kyriakos Mitsotakis, he emphasized that the country is not just catching up but has the potential to surpass expectations. With a strategic shift towards tech six years ago, Greece aims to make technology a significant part of its economy.
Unlike other European tech ecosystems, Greece’s late entry into the scene could work in its favor. By avoiding inflated valuations and failed ventures, the country is quickly positioning itself as a leader in emerging technologies, particularly artificial intelligence.
Prime Minister Mitsotakis sees AI as a tool for leapfrogging ahead of other European countries. Through digitizing public services and fostering innovation, Greece aims to become a pioneer in responsible tech development.
Techcrunch event
Berkeley, CA
|
June 5
BOOK NOW
A key focus of Greece’s tech transformation is talent retention. By offering tax breaks and job opportunities, the country aims to attract skilled workers back and encourage foreign entrepreneurs to invest in Greek startups.
Prime Minister Mitsotakis highlighted the importance of expanding tech hubs beyond Athens, ensuring regional development across the country.
While challenges remain, such as legal reforms and access to late-stage capital, Greece’s progress towards predictability and stability is evident. The goal is to make this progress irreversible and sustainable in the long term.
With a clear focus on technology and innovation, Greece is poised to make a mark on the global tech stage, offering opportunities for both the private sector and government.
For the full interview with Prime Minister Mitsotakis, watch the video below.
