Each year, Libra Group, an international business group consisting of 30 subsidiaries operating across five continents, organizes the Hellenic Entrepreneurship Award (HEA) where Greek entrepreneurs can submit their business ideas in hopes of winning a fund for their implementation. Just one month remains before the submission deadline for this year’s HEA. Entrepreneurs with new business ideas can submit their applications via the HEA website until March 4, 2015, in order to compete for startup funding of up to €700,000, as well as a wide range of business support services and mentorship. Since the 2015 award program was announced in November 2014, more than 180 business ideas have been submitted, which will be evaluated by the HEA panel of judges. The Hellenic Entrepreneurship Award was founded in 2012 based on the belief that entrepreneurship is key to Greece’s future prosperity, especially during the economic downturn. HEA, which is managed and funded by Libra Group on behalf of The Hellenic Initiative, is open to both experienced and budding entrepreneurs, whose business plans exhibit sustainability, innovation and financial rigour, whilst creating jobs predominantly in Greece. HEA declares between one and five winners each year, providing them with all the necessary resources to bring their business ideas to fruition. The HEA 2015 winners will share funding of up to €700,000, provided by Libra Group and HEA’s partners. In addition, each winner will receive mentorship from a highly experienced business professional, as well as business support services from – mostly Greek – companies. These span to providers of legal, accounting, marketing, IT, communication and HR services. During its first two years of operation, the Hellenic Entrepreneurship Award has been won by eight innovative new companies which, with the support of HEA, are now successfully pursuing their business plans and contributing to the Greek economy through the creation of hundreds of direct and indirect jobs. Entries are welcomed from individuals or groups with a new business idea, whether or not they have prior business experience, as well as established, privately-held companies, which can prove they have an all-new business concept that is not related to their core activities and cannot be funded through existing resources. The finalists’ names will be announced at the beginning of May 2015. The winners will be announced at the end of May 2015.
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