Page 15 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

“COMPASS” REPORT 2022 – COUNCIL ON COMPETITIVENESS OF GREECE 13

Priorities

The table below serves as a snapshot of the priorities briefly
discussed thereafter. These priorities emerge from the ensuing
analysis and concern (a) the legislative framework, (b) research po-
tential and utilisation of technology, (c) investments and financing
tools, and (d) the startup ecosystem that has developed in Greece
in recent years.

Innovation and Incentives for
Expansion of the technological Development of startups and
legal framework to transformation as tech and/or industry established SMEs
facilitate innovative the way forward for ecosystems and to scale up and
entrepreneurship clusters
the economy internationalise
Whilst investment interest by Channels of interdisciplinary Structures must be estab- Public financing tools must
foreign companies and in- collaboration must be estab- lished for knowledge sharing aim to mitigate the risk in
vestors in our country is high, lished between Greek univer- as well as resource and business opportunities
the legal framework must be sities and universities abroad supply chain sharing and to
further expanded to encourage multidiscipli- attract talent and capital
nary startup teams; support
for startups throughout the
development process
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Public procurement
Partnerships Strengthening contracts as
between Greek and of Greek a catalyst for
foreign funds entrepreneurship
innovation

Fund managers must be A culture of entrepreneurship Research and innovation
exposed to advanced assess- and risk-taking must be nur- must be successfully com-
ment methodologies and tured, the adoption of which mercialised with a positive
must proceed to specialisa- will be critical to driving the impact on the economy
tion in accordance with the numbers of successful entre-
respective risk profiles preneurs in our country over
the long-term
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