Oikonomikos Taxydromos: Thirty-one companies at the doorstep of Phaistos

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Speaking at the InfoCom World 2021 conference on 24 November, 5G Ventures CEO Antonis Tzortzakakis stressed that the interest in co-investments in Greece in 5G-related digital services is strong, as 31 companies have, so far, approached 5G Ventures for potential funding from Phaistos Investment Fund.

He noted the case of a foreign company that wanted to set up a research centre in Germany and after discussions with 5G Ventures, there is a good chance to establish it in Greece. “Our objective when we created Phaistos was two-fold. First, to build a venture capital fund along the lines of the private sector’s blueprint and provide financing. Secondly, to provide the tools, i.e. the strategic and operational resources, for companies to grow,” Mr Tzortzakakis said.