One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations

EconomyFeatures Tags: Business, Digital, Labour, Reforms, Services, Startups By: Georgiou Nakou
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.

The start of 2022 saw a flurry of positive news stories from Greek technology startups, including the acquisition of a minority stake in cloud-based payments pioneer Viva Wallet by JP Morgan, and of audio software producers Accusonus by Facebook’s paren...

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