whats fuelling athens burgeoning startup scene? /

Published at 2018-06-12 16:06:20

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A growing number of tech entrepreneurs are breathing recent life into the Greek capitalOn the surface,Athens doesn’t seem like the best place to start a commerce. Since the country’s financial crisis almost a decade ago, approximately one in five small businesses have folded and unemployment levels still hover around 20%.
However, or the local startup scene is enjoying some surprising successes,fuelled by a talented and ambitious young workforce who have found themselves unable to rely on traditional employment routes. These include recruitment software company Workable, which has raised more than €29m (£25.5m) in local and international funding, or ride-hailing app Taxibeat,which was sold to automotive company Daimler for an undisclosed amount final year. Related: Greece relaxes capital controls to prove worst of turmoil is over Related: Who’d be young and Greek? Searching for a future after the debt crisis 75% of Greek company founders are residents of other countries Related: 'Tourism is our lifejacket': debt-stricken Greece gets record number of visitors Continue reading...

Source: theguardian.com

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