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Good practice Imported

Elevate Greece — Greece's National Startup Registry

Greece · Athens · See the Greece profile · See the Athens profile

Evidence: Observational / pre–post Top 63% 62/100 · Ask Evidence Copilot about this practice

Greece's official digital registry certifies eligible startups and tracks ecosystem growth: 789 registered startups by Oct 2024, €732.2M invested in 90+ startups in 2024 (+35% YoY), and an ecosystem valued at roughly $8.2 billion.

789
Registered startups (Oct 2024)
€732.2 million
Investment raised (2024)
+35%
Year-on-year investment growth (2024)
$8.2 billion
Ecosystem value (independent tracker)
Elevate Greece — Greece's National Startup Registry

Details

Maturity
Scaling
Promoter
General Secretariat for Research and Innovation, Hellenic Ministry of Digital Governance (Elevate Greece)
Period
2020-2024
Region (NUTS)
EL30
Keywords
startups, entrepreneurship, venture capital, digital economy

Context

Elevate Greece is the Hellenic Republic's official National Startup Registry, run by the General Secretariat for Research and Innovation (Ministry of Digital Governance). Any legal entity up to eight years old, with fewer than 250 employees and annual turnover below €50 million, can apply for certification if it demonstrates genuine technological innovation in its product, service or business model.

Objectives

Certified startups gain visibility to investors and access to state benefits and incentives.

Results

The registry recorded 789 startups by October 2024; the number of growth-stage startups and scaleups has more than tripled since 2018. Investment activity accelerated alongside it — 70 Greek startups raised €485 million in 2023, rising to over €732.2 million raised by more than 90 startups in 2024 (a 35% year-on-year increase), with 78% of that capital coming from outside Greece. Independent ecosystem trackers value the Greek startup scene at roughly $8.2 billion, ranking it 49th globally and 19th in Western Europe. Startups cluster heavily around Athens and Thessaloniki (Attica 64.8%, Central Macedonia 14.7% of registrants), with Life Sciences, Environment & Energy and Enterprise Software the leading sectors.

Conclusions

Registration is voluntary and self-reported, so the figures describe a certified subset of the ecosystem rather than a randomly sampled or audited population, and no independent study isolates the registry's own causal effect on the investment growth it tracks.

Implementation

Indicative cost
Low (< €50k)
Time to results
Medium (1–3 years)
Staffing & skills
General Secretariat for Research and Innovation administrators (Ministry of Digital Governance), digital registry platform team

Conditions for success

  • clear, checkable eligibility criteria (age, headcount, turnover, innovation test)
  • a digital platform giving certified startups visibility to investors
  • linkage to concrete state benefits/incentives to motivate registration

Common failure modes

  • voluntary, self-reported registration means figures describe only a certified subset, not the full ecosystem
  • startups cluster heavily in Attica and Central Macedonia (79.5% combined), limiting regional balance

Where it fits

Governance type
national government digital registry
Scale
national
Income level
high-income

Commonly funded by

National / regional programmes

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

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Data sources

Where this practice's information was retrieved from, and when.

Attachments

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