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Locish leading the charge of Greece's startup revival

Amit Pau Friday, 25 July 2014.

Greece hasn't had the easiest time in recent years, but a new wave of startups is pitching in to get the country's economy back on its feet. Back in 2012, Greece had just 65 registered enterprising Davids to its name, but the tables have turned and that number more than doubled to 144 in 2013. One such company steering a course to success, and hopefully taking Greece with it, is innovative travel app Locish.

Founded in February 2013 by Alex Christodoulou and Grigoris Zontanos, Locish gives real-time recommendations from local experts to people looking for places to eat, drink and socialise. It's essentially like having a tour guide in your back pocket.

And the Greek startup ecosystem is certainly playing in its favour; the startup has recently secured a cash boost of $820k to support its future growth, with the money earmarked to improve the recommendations and overall UX of the exciting app. Potential Goliath dance partners will surely be impressed by how speedily it's expanded; in just over a year, Locish has rolled out its services to Athens, New York and San Francisco.

Other Greek startups are now following its lead and, encouragingly, it's not just an Athens-centric recovery. There's Incrediblue, an award-winning boat rental service from Volos, and bike sharing system EasyBike, which is making tracks in Thessalonika. Ioannina, on the other hand, is home to tech company, QReca, which offers a simple mobile app development platform.

With so many fledgling businesses flourishing across the country, big corporates and investors alike would be wise to keep an eye on the Greek startup ecosystem.

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Amit Pau

Amit Pau

Director of Corporate Advisory and EntrepreneurCountry
Amit is deeply passionate about helping companies exploit disruption (business models and technology) to transform their business. His 20+ years experience in the TMT industry has given a robust platform to launch numerous market leading solutions in areas such as enterprise mobility, mobile entertainment, managed data services, digital marketing and electronic commerce. Whether it is in a corporate leadership role or an entrepreneurial environment Amit consistently drives innovative 'go to' market strategies in order to deliver quantum growth.

In his previous high profile corporate positions at Vodafone, as Group MD for International Accounts and Business Markets, Amit was instrumental in creating strategic OEM partnerships with Dell, IBM and HP. Additionally, he led the Divisional Units of AT&T and GTS where he launched their e-commerce products and delivered significant scale.

Amit has transformed multiple entrepreneurial companies; whether it be as an investor driving the IPO's or NED working with the Executive team in refining their business models, mentoring them with scaling their operations in order for successful exits. This vastly enriching experience has enhanced his experience in commercialising innovation with a combination of business models and disruptive technologies.

Over the years Amit has served on a number of listed and private boards such as Vodafone Spain, Radamec Plc, IOS Plc and Goldnet, to name a few.
amit.pau@ariadnecapital.com

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