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How Does Athens' Tech Industry Perform Nowadays?

Athens is located in a picturesque place that combines both the charm of nature and the innovation of the digital age, making the city a great place for tech enthusiasts and entrepreneurs from around the world.

According to StartupBlink, Athens has 228 startups, which represent about 75% of Greek startups, being the highest-ranked startup ecosystem in Greece and 25th in Western Europe. 

All this is due to its attractive tech community, many co-working spaces, incubators, and accelerators that provide a lot of support. There are many successful startups in the city, like Taxibeat, Workable, and Blueground, and several big tech companies that have offices in Athens, such as Google, Microsoft, and Amazon.

Athens is also home to several tech events and conferences throughout the year that help to connect startups with investors, mentors, and other businesses. In this connection, it is worth mentioning Athens Startup Weekend and Athens Tech Week. 

The Greek government is supportive of the tech sector, implementing initiatives to attract investment and talent to the city. But even so, Athens has a highly educated workforce produced by universities and colleges in fields such as computer science, engineering, and mathematics.

With a relatively lower cost of living, compared to other major tech hubs in Europe, Athens also offers a good quality of life at a reasonable cost.

However, here are some of the challenges that Athens faces, which are:

  • A high rate of emigration means that the country is losing some of its best professionals
  • The struggle to raise funding from investors
  • Needs to invest in infrastructure,  internet connectivity, and transportation systems to support the growth of the tech industry.

Even though Athens is a relatively young tech hub, and even if there are some issues to address, Athens has great potential to become a major player in the European tech scene.

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