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 »

    • Andy McLoughlin

      Andy McLoughlin

      Director, Huddle

      Andy McLoughlin

      Co-founder and Product Director, Huddle - London, UK
      Andy McLoughlin

      Defying his mother’s advice that ‘the internet will never take off’, Andy. began tinkering with the web in the mid-nineties before starting his career at Fibernet Group plc as the company’s European webmaster in 2001. In 2003 Andy helped found KnowledgeCenter, a knowledge management consultancy focused on the London insurance market. During his time at the company he provided web content and knowledge management consultancy to a number of prominent global clients including QBE, Benfield, Catlin, Arthur J Gallagher and Montpelier Re. With more than 10 years of industry experience, Andy is an expert in field of online collaboration and is heavily involved in the London start-up community. Andy holds a degree in Economics from the University of Sheffield, but has always regretted not studying something more practical like Computer Science. In his spare time he enjoys fencing and skiing (both rather badly) but excels at sitting in sunny beer gardens discussing films, music and cool stuff he recently saw online.

    • Arda Kutsal

      Arda Kutsal

      General Manager, Crenvo

      Arda Kutsal

      General Manager, Crenvo Consultancy - Founder/Editor, Webrazzi.com - Istanbul, Turkey
      Arda Kutsal

      Arda Kutsal is an entrepreneur, business adviser and blogger living in Istanbul, Turkey. He is the author of the most popular Turkish Web 2.0 blog, Webrazzi and also General Manager of Crenvo Consultancy. Crenvo provides consultancy services to mostly internet companies about marketing, strategic management, investments, research and product management. He is one of the most influential people in Turkish internet market.

    • Nicos Anagnostou

      Nicos Anagnostou

      Entrepreneur, Blogger

      Nicos Anagnostou

      Entrepreneur, Blogger - Athens, Greece
      Nicos Anagnostou

      Nikos Anagnostou is the co-owner at Scicada, a new media consulting firm. He has also served as the COO of Project Online, a project management ASP and design software wholesaler and as the Applications Manager and Finance Director at Oracle Greece for approximately 10 years. His pet project is prosfor.es, a shopping deals aggregator. Moreover, Nikos is a founding member of the Greek Open Coffee and co-creator of Greekstartups.com. He blogs at metablogging.gr, webtropic.cc about Social Media, technology, web applications and startups.

    • 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.

    • Christos Tsangos

      Christos Tsangos

      former CEO, Microsoft Hellas

      Christos Tsangos

      CEO, Microsoft Hellas - Athens, Greece
      Christos Tsangos

      Christos Tsangos is the CEO of Microsoft Hellas since 2003. During his time there he expanded the operations of Microsoft in Greece significantly. His efforts culminated in establishing a strategic partnership with the Greek State in 2006, which is expected to further increase the penetration of Technology in the public sector, research and education. During 1997-2003 he as the CEO of Intel Hellas, charged with the initial establishment of the company in Greece, Cyprus and Malta. Before that, since 1995 he was still in Intel, as the EMEA Director for Networking Products. During 1992-1995 he was the European Marketing Director for Madge Networks UK Ltd, the largest networks company in the country, winning the «HMS Royal Export Award» for 3 consecutive years. He has also worked as the European Enabling Technologies Manager at The Santa Cruz Operation (SCO). Christos has also offered consulting services for IDC, Dataquest and the EU. He studied Computing and Electronic Engineering at the University of Reading and Data Communications at the University of Manchester.

    • Nikos Kryvossidis

      Nikos Kryvossidis

      Director, Partnership Services, EMEA, Google

      Nikos Kryvossidis

      Director, Partnership Services, EMEA, Google
      Nikos Kryvossidis

      Nikos joined Google in 2007. At present he is responsible for the technical side of direct Google partnerships in EMEA for various Google product areas including Mobile. Prior to Google Nikos was Engineering SVP for Visto, an American company specialising in Mobile Email and Personal Information Management (PIM) synchronisation. Has also served in Symbian where he was responsible for Messaging, PIM, SyncML, Browsing and Location Based Services. Earlier on worked for Lucent Technologies in the area of ISUP and ISDN Services. Has also worked as a software engineer on Intelligent Network Services (Nortel) when AIN 0.1 and CS1 were being developed. Nikos holds an MSc in Computer Science from McGill University, Montreal and a BSc in Mathematics from University of Patras, Greece.

    • Alex Kombogiannis

      Alex Kombogiannis

      CEO, mpGreek

      Alex Kombogiannis

      CEO and founding partner of mpGreek - New York City, NY, US
      Alex Kombogiannis

      Alex Kombogiannis grew up in Athens and went to NY at 20 years old to attend college. While studying at NYU, Mr. Kombogiannis started working in NYC with then small start ups like Yahoo, AOL, Netnames (now part of Verisign) in the online marketing, business development and deal making for online services. In 1998, at 25 years old Mr. Kombogianis started an internet company – Entropia Inc. and Ideal Entropia SA serving the Greek online space as a search engine and portal for Greeks called iBoom Network. The company expanded very quickly within 1 year with location in NY, Chicago, Boston, Montreal, London and Athens. It was acquired by Ideal Group SA for $2.5 million in Athens which is part of the Levendis Group of companies. In 2001 and after 3 years of managing Entropia Mr. Kombogianis setup a marketing management company which was serving online marketing integration for fortune 500 companies in NYC. Client of Digital Republique included JP Morgan Chase, Wyeth Pharmaceuticals, Match.com amongst others. Parallel to that, in 2003 Alex Co-founded with George Kontos Greased Networks and mpGreek which was the first digital music downloads service for Greece. With the biggest online catalog and the most digital services mpGreek has contracts and affiliations with major Groups in Greece including Tellas SA, Pegasus Group, Vivodi Telecom. In 2005 mpGreek won the Gold Ermis for best internet service in Greece. Now at 34 years old, with a base in Athens and NY, Alex Kombogiannis is looking into the future of digital services that will change the ways Greeks listen and buy their music, watch TV and films. both for Greece, Europe and America.

    • Dimitris Achlioptas

      Dimitris Achlioptas

      Professor, University of Athens

      Dimitris Achlioptas

      Professor, University of Athens - Department of Informatics and Telecommunications, Greece
      Dimitris Achlioptas

      Dimitris joined the Department of Informatics and Telecommunications at the University of Athens as a Professor of Algorithm Design in 2010. From 1998 to 2005 he was with Microsoft Research, Redmond and since 2005 with the Department of Computer Science UC Santa Cruz. In theory, his expertise lies in the interaction between randomness and computation and his work on that topic has appeared in journals including Nature, Science, and the Annals of Mathematics. For this work he has received an NSF CAREER award, a Sloan Fellowship, and the prestigious IDEAS grant from the European Research Council. In practice, he likes to think about scalability questions and holds 18 US Patents ranging from load balancing and cache optimization to privacy-preserving social search. He actively consults with a number of Bay Area companies. In his free time enjoys overworking.

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