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Greek entrepreneurs leave public sector jobs for tech startup

EntrepreneurCountry Global Tuesday, 08 July 2014.

The global financial crisis of recent years has had a well-documented impact across Europe, with countries such as Greece still working hard to bring their economies back to robust health. Although unemployment rates in Greece remain persistently high, there's a promising silver lining in the form of a burgeoning startup boom.

shutterstock 138662024People with real entrepreneurial flair, like Alex Christodoulou and his business partner Grigoris Zontanos, are now leading the recovery. The duo gave up their public sector and banking jobs to launch Locish, an innovative travel app which recently secured $1,000,000 in funding - and has since rolled out in Athens, New York and San Francisco.

And there are many others like them. Incrediblue, a yacht booking service from Volos, and Taxibeat, an Athens-based taxicab-hailing app, are both growing steadily. Meanwhile, other Greek ventures are attracting buzz overseas, including recruitment software firm, Workable.

Greece's startup culture may still be in a stage of relative infancy, but it's clear that there's no shortage of hunger, talent and ambition among the country's entrepreneurs. The development of a disruptive tech scene and a shift away from dependency on traditional public sector jobs could well be set to provide a much-needed shot of adrenaline to the Greek economy.

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