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Egg Scaleup Platform
Published on 05 March 2020
Greece
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
The Egg Scale Up platform supports SMEs to scaleup in national and international level. These SMEs need financial and advisory support. It transforms the Egg's many years of experience to meet the new needs of the ever-evolving Attica business scene. It applies best practices from the most successful scaleup ecosystems abroad.
Egg supports the growth of a business, expanding its business and networking. Support is tailored to the needs and goals of each business.
Egg helps each business to identify its needs and most importantly its strategy to raise the capital it needs and the networking it needs to achieve its goals. Egg follows a special fundraising strategy for scaleup businesses.
Under Egg guidance: Each business defines its real needs, looks at alternative forms of financing and capital raising options. Eventually the business chooses these by matching its profile.
Each business evaluates the financial tools offered by the Scale Up platform. It then comes in contact with investors interested in supporting new businesses in their next step.
The types of financing offered are: Banking, lending, subsidies, equity funding, equity crowdfunding & Angel investment. The Egg Scaleup platform offers also networking and extroversion.
The main stakeholders are Eurobank and Coralia as also other organisations from Greece and around the world like Reload Greece, Mindspace, DMZ and more. Coralia is a semi public NGO supporting the national start-up & scale-up policies.
Egg supports the growth of a business, expanding its business and networking. Support is tailored to the needs and goals of each business.
Egg helps each business to identify its needs and most importantly its strategy to raise the capital it needs and the networking it needs to achieve its goals. Egg follows a special fundraising strategy for scaleup businesses.
Under Egg guidance: Each business defines its real needs, looks at alternative forms of financing and capital raising options. Eventually the business chooses these by matching its profile.
Each business evaluates the financial tools offered by the Scale Up platform. It then comes in contact with investors interested in supporting new businesses in their next step.
The types of financing offered are: Banking, lending, subsidies, equity funding, equity crowdfunding & Angel investment. The Egg Scaleup platform offers also networking and extroversion.
The main stakeholders are Eurobank and Coralia as also other organisations from Greece and around the world like Reload Greece, Mindspace, DMZ and more. Coralia is a semi public NGO supporting the national start-up & scale-up policies.
Resources needed
From 2013 Egg used 3,5 MEuro as financial resources to support SMEs and the platform needs, as also a group of minimum 4 people annually that are fully supporting the platform (to set up and run the practice). In addition, Egg is collaborating with mentors and IT specialists as external experts.
Evidence of success
The Egg initiative (that also supports start-ups) is considered as a successful initiative in Attica Region (as also in Greece) that combines funding resources, business support, networking activities, extroversion in national and international level, as also personalised mentoring for scaling up.
So far (from mid-2013 until mid-2019) Egg supported:
172 business teams (730 people),
100 companies,
435 businessmen and
62 companies that have filed 31 patents.
So far (from mid-2013 until mid-2019) Egg supported:
172 business teams (730 people),
100 companies,
435 businessmen and
62 companies that have filed 31 patents.
Potential for learning or transfer
This practice is estimated as being potentially interesting for other regions to learn from. Its innovative activity that combines the same organisation support for start ups and scale ups under the same organisational model and structure is interesting.
Egg works in a flexible model of SMEs support, combining different levels of support to match financial, networking-extroversion and advisory needs for business to scaleup.
Regarding bigger SMEs, Egg’s staff are always advised by very experienced businessmen consisting of the membership of Egg’s Advisory Committee.
Egg works in a flexible model of SMEs support, combining different levels of support to match financial, networking-extroversion and advisory needs for business to scaleup.
Regarding bigger SMEs, Egg’s staff are always advised by very experienced businessmen consisting of the membership of Egg’s Advisory Committee.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Regional Development Fund on behalf the Region of Attica
Greece
Attiki
Contact