Business advice & funding for start-ups

The Openfund aims to help entrepreneurs with fresh ideas to jumpstart their business while providing support on all things startup.

Having a groundbreaking idea?

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  • A Smooth Start

    You are provided with full legal and taxation support, to get  your mind clear of anything other than your idea..

  • Seed Funding

    The Openfund provides start-ups with a seed capital ranging from 25.000 to 35.000 €.

  • Extensive Advice

    Through the Openfund you can tap on a pool of advisors covering all aspects of starting-up and growing.

  • Follow-up

    The end of the growth period does not result into the discontinuation of enjoying the benefits.

Advisors See all »

    • Kostas Mallios

      Kostas Mallios

      General Manager, Microsoft

      Kostas Mallios

      General Manager, CSA Strategy and Business Development, USA
      Kostas Mallios

      Kostas Mallios is at the forefront of technology’s latest journey, creating new paths for software and services across the digital landscape. At Microsoft, Kostas works with emerging technologies and business models to find ways to make new ideas land outside of the lab. In his current role as CSA Strategy and Business Development, he drives strategy, business development and M&A across several initiatives as a direct report to Microsoft’s Chief Software Architect. Since joining Microsoft in 1996, Kostas has held a variety of positions such as the Rich Media Group and Labs, focused on building transformative media experiences across the Microsoft ecosystem and reported to the corporate CTO as General Manager. As Director of Venture Integration, Kostas drove acquisition integration for 14 deals totaling over $3.5B. He was a business leader in the formation of the Business Solutions division by serving on the core strategy and execution team for the Great Plains acquisition and leading the global integration of Navision. Prior to his M&A work, Kostas was the Director in the Enterprise Program Management group which developed joint product and business opportunities with Microsoft’s strategic ISV partners, including SAP. Kostas’ career at Microsoft started in Product Marketing with the Developer Division. Before Microsoft, Kostas held various senior positions in publishing, consulting and services industries. Most memorably, Kostas spent 6 years professionally photographing and interviewing top Rock musicians. Kostas is a graduate of Siena College with a BS in Marketing Management and has received his MBA in Management and Technology from Rensselaer Polytechnic Institute. Kostas and his wife Kristi share their life with their daughters Alexandra and Kassiani. He is an avid photographer, sailor and hiker.

    • George Moschovitis

      George Moschovitis

      Serial web entrepreneur

      George Moschovitis

      Serial web entrepreneur - Athens, Greece
      George Moschovitis

      George Moschovitisis the entrepreneur behind well known Greek Web properties (www.me.gr, www.joy.gr, www.cull.gr, etc) and the lead engineer behind popular Open Source projects (Nitro, Og, etc). George worked as a technical consultant on high-profile commercial and research projects in Greece and the European Union and conducted extensive research on advanced computer graphics and signal processing algorithms as a Ph.D. candidate at the National Technical University of Athens. He received his diploma in Electrical and Computer Engineering from the same university. Currently, he serves as the CTO of n-Squared Labs SA, a VC-backed startup.

    • Vasilis Vassalos

      Vasilis Vassalos

      Associate Professor AUEB

      Vasilis Vassalos

      Associate Professor, Athens University of Business and Economics
      Vasilis Vassalos

      Vasilis Vassalos is an Associate Professor in the Department of Informatics at the Athens University of Economics and Business. Between 1999 and 2003 he was an Assistant Professor of Information Technology at the NYU Stern School of Business. He has been working on the challenges of online processing of data from autonomous sources since 1996. He has published more than 35 research papers in international conferences and journals, holds 2 US patents for work on information integration, and regularly serves on the program committees of the major conferences in databases. He was a co-founder and CTO of Enosys Software, a pioneering data integration company that raised more than $10 million in VC funding and was acquired by BEA Systems (now Oracle Corp). He has led a number of publicly-funded research projects in the areas of online distributed information processing. Ηe was a Marie Curie Outgoing International Fellow in 2007-2008 visiting UCSD.

    • Ioannis Methodios

      Ioannis Methodios

      ex-CEO, Accenture Greece

      Ioannis Methodios

      ex-CEO, Accenture Greece - Athens, Greece
      Ioannis Methodios

      Dr Ioannis Methodios served as the President and Managing Director of Accenture S.A/Greece. until 2005. Prior to this position he was the Managing Partner of the Consulting Department of Arthur Young/Ernst & Young/Greece, and a Management Associate in Booz, Allen & Hamilton/USA. Now, he operates as an independent management consultant, participates in real estate investments, and serves on the Board of a number of companies in Greece.

    • Nicolas Ampazis

      Nicolas Ampazis

      Assistant Professor

      Nicolas Ampazis

      Assistant Professor at the University of the Aegean, Entrepreneur - Chios, Greece
      Nicolas Ampazis

      Nicholas Ampazis received a BSc (Hons) degree in Electrical Engineering from Imperial College London in 1992, an MSc degree (with distinction) in Information Processing and Neural Networks from King's College London in 1995, and a PhD degree (with distinction) in Neural Computing from the National Technical University of Athens in 2001. During his PhD studies he received a scholarship from the National Center for Scientific Research "Demokritos", Athens, Greece. Since 2005 he is an assistant professor at the Department of Financial and Management Engineering at the University of the Aegean, Greece and received tenure for this position as a faculty member in 2009. His main research interests include collective intelligence, information retrieval, data mining, and recommender systems. In 2006 he launched one of the first Web 2.0 startups in Greece (Feeds 2.0) for which he received a Global Innovator Award from Guidewire Group and the first prize for best business plan at the 8th International Venture Capital Forum (2007).

    • Evangelos Simoudis

      Evangelos Simoudis

      Director, Trident Capital

      Evangelos Simoudis

      Managing Director, Trident Capital - Palo Alto, CA, US
      Evangelos Simoudis

      Evangelos Simoudis joined Trident Capital in 2005 as a Venture Partner and has been a Managing Director since 2007. Evangelos focuses on investments in Internet and Enterprise Software businesses. Prior to Trident, Evangelos spent 5 years as a partner at Apax Partners, a private equity and venture capital firm where he invested and served on the boards of early and mid-stage IT companies. At Apax he also chaired the firm’s IT advisory board. Prior to entering venture capital, Evangelos had more than 20 years experience in high-technology industries, in executive roles spanning operations, marketing, sales and engineering. His experience as a technology executive includes serving as President and CEO of Customer Analytics, a Trident-backed, eCRM company acquired by Xchange, Inc. (NASDAQ: EXAP), and as Vice President of Business Intelligence Solutions at IBM. Evangelos' current directorships include DesiHits, Hip Digital, Host Analytics and PivotLink Software. Prior directorships include Bristol Technology (acquired by Hewlett-Packard (NYSE:HPQ)), Composite Software, Confluent Software (acquired by Oracle Corporation (Nasdaq: ORCL)), Doppelganger (acquired by Hip Digital), Princeton Softech (acquired by IBM) and Vidavee (acquired by Vignette (NASDAQ: VIGN). Evangelos earned a PhD in computer science from Brandeis University and a BS in electrical engineering from Caltech.

    • Nayia Antoniou

      Nayia Antoniou

      Lawyer

      Nayia Antoniou

      Associate, Christopoulos and Associates
      Nayia Antoniou

      Nayia is an associate with the firm which she joined in 2008 as a trainee. Her practice is focused on Company & Commercial matters, advising on company establishment, corporate governance and the entry into all type of commercial contracts, including agency and distribution agreements. She advises in particular on the legal framework within which Cypriot companies operate in Greece. Nayia also represents clients in the registration of trademarks and competition law matters. Nayia qualified to the Athens Bar in 2009. She obtained her law degree from the Democritus University of Thrace in 2006 and an LLM in International Commercial Law from Westminster University, London in 2007.

    • Nikos Moraitakis

      Nikos Moraitakis

      Head of Strategy, Upstream Systems

      Nikos Moraitakis

      Head of Strategy, Upstream Systems - Athens, Greece
      Nikos Moraitakis

      Nikos Moraitakis is the Head of Strategy and Product Development at Upstream Systems. He had prior experience at Ernst & Young Athens, as a Senior Consultant in IT strategy and e-business. Nikos holds a BEng in Computing from Imperial College, London.

Latest blog posts Feed

The Openfund III - Call for Proposals Opens

The Openfund is happy to announce the opening of the call for proposals for its third round of opera ...

Mon, 10 May 2010 | 3 comments

Openfund II - Selection Results

We are happy to report the final results of the long yet fruitful selection process for the companie ...

Thu, 06 May 2010 | 3 comments

The Openfund - Demo Day I

We’re thrilled to invite you to the Openfund Demo Day, an event where all of our start-ups will fina ...

Sat, 17 Apr 2010 | 3 comments

Round 2 applications are in, stay tuned for the winners!

We are happy to report the successful conclusion of our second round of applications on February 28. ...

Mon, 08 Mar 2010 | 0 comments