What is Roots?
Roots is a program that aims to accelerate the growth of innovative Greek SMEs and start-ups, and ensure they have the necessary knowledge to design and effectively communicate their proposals to investors, and access financing opportunities through the Greek capital market.
As the world and the global economy change under the influence of digital transformation, companies face a new set of challenges and opportunities to scale-up and enhance their competitiveness. ATHEX, in partnership with the American-Hellenic Chamber of Commerce and the support of the Global Federation of Competitiveness Councils (GFCC), and the Hellenic Republic Ministry of Foreign Affairs, is mobilizing key players in the capital markets ecosystem to support the financing needs of a competitive Greek entrepreneurial ecosystem.
What are the program objectives?
Roots envisions a robust entrepreneurial ecosystem that contributes to the growth of the Greek economy.
Roots aims to:
- Mobilize the capital markets ecosystem to diversify and strengthen the financing options available for SMEs.
- Train, mentor and accelerate innovative SMEs to the point of investment-readiness.
- Εnable SMEs to present their investment case in terms of risk return and to facilitate investors to make their decision.
- Facilitate knowledge transfers, collaboration, and the sharing of best practices.
Who is it for?
The Program is designed to support innovative SMEs and startups with:
- Established commercial activity
- Backed by a feasible business proposal, with proof of concept
- With scaling and growth potential
- An attractive investment proposal
Which sectors does Roots support?
The Roots Program is designed to cover sectors of the Greek economy with high potential for growth in an increasingly innovation-focused, digitalized, and globalized economy.
- Blue Economy
- Logistics, Transport, Infrastructure
- Biocluster (Health & Wellbeing)
- Entertainment Economy
- Agricultural Economy
- Food Industry
*You may apply even if your company does not strictly belong in one of the sectors. Our main focus is on finding innovative SMEs with growth potential and forward-thinking management.
When applying to the program you should select the sector that is most applicable.
How does it work?
Roots provides access to an international network of experts, coaching and training opportunities that will help SMEs build their growth capacity and access financing tools in the Greek capital market.
Following their successful selection to participate in Roots, the Program provides companies with access to training material, networking events and workshops modeled on global best practices. The capacity building curriculum of the Program has been developed alongside key partners that possess expertise around topic areas that are of interest to companies participating in the Program. These partners are the CFA Society Greece, the Global Competitiveness Academy (GCA) and Arizona State University (ASU), as well as internationally renowned academics.
The curriculum includes some core topics, which are supplemented by ad-hoc workshops focused on areas where participating companies have specific needs.
The Roots Capacity Building Program is structured around three key deliverables that mark the completion of each of the capacity building stages:
Stage 1 – Deliverable: Business Plan
Stage 2 – Deliverable: Financial Structure
Stage 3 – Deliverable: Complete Investment Proposal
Mentors and Investment Advisors will guide the companies through these processes and workshops, and help them access capital through the most appropriate financing tool and the terms best suited to their needs and investment proposal.
Depending on their readiness, companies can move through the stages of the Program at their own pace.
- 14 DECEMBER 2018
Applications are open
You can submit your application online from this date in order to be considered for the program.
- END OF FEBRUARY 2019
Deadline to submit applications
Selection Committees will evaluate applications and register their feedback.
- MARCH 2019
Meet your mentor
Mentors will choose which company they want to work with soon after the Selection process. Meeting your mentor marks the official beginning of your participation in Roots.
- MARCH - OCTOBER 2019
Training and Capacity Building
After companies are matched with their Mentors, they will commence trainings, workshops, online courses, and other capacity building activities to bring them to the point of investment readiness. They will also start preparing the program deliverables under their Mentors’ guidance.