Invent ICT

What Invent ICT does

Invent ICT is a Greek technology business incubator founded in 2016 and based in central Athens (Monastiraki, at the ΕΠΙ.νοώ premises within walking distance of the National Technical University of Athens). It is structured as Greece's first business incubator formed under a public-private partnership, jointly implemented by the ΕΠΙ.νοώ unit of NTUA's Institute of Communications and Computer Systems (ΕΠΙΣΕΥ/ΕΜΠ) and the non-profit Industry Disruptors Game Changers (ID-GC), with funding and industry support from the Union of Mobile Communication Companies (ΕΕΚΤ) and operating under the auspices of the Greek Ministry of Digital Governance. The program targets students, researchers, and graduates of polytechnic universities with creative ideas in ICT, providing structured cohort-based incubation cycles that run from idea validation through business plan development to graduation.

The core product is a multi-cycle business incubation program, delivered alongside branded community events called "Infusion Nights" that connect founders with mentors, investors, and industry representatives. Program offerings include customized coaching, mentoring, access to NTUA and partner-university research infrastructure, exposure to ID-GC's international network spanning 64 countries, and facilitation of connections to Greek venture capital funds (Phaistos Fund, Big Pi Fund, Metavallon VC). International methodology is imported through a partnership with Belgium's S.O. Kwadraat, affiliated with KU Leuven. Additional talent pipelines are maintained with four partner Greek universities (Piraeus, Democritus University of Thrace, University of Patras, and Aristotle University of Thessaloniki).

Invent ICT does not charge fees to participating startups; it operates as a non-profit, public-private partnership funded by its consortium partners and government auspices. Three incubation cycles have been completed (Cycle 1 in 2017, Cycle 2 in 2018-2019, Cycle 3 in 2020-2021), with each cycle admitting 16-25 teams selected from over 60 proposals. The program has graduated startups spanning diverse ICT verticals including health technology (Nous4Health), smart buildings/IoT (Hyades), knowledge gaming (Knowlers), and general ICT, with six startups from the program participating in Mobile World Congress 2021. No revenue figures are disclosed for the organization itself.

Name

Invent ICT

Legal name

Invent ICT

Website

https://inventict.gr

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Invent ICT is a non-profit Athens-based technology business incubator and Greece's first public-private partnership accelerator, running cohort-based ICT incubation cycles for students, researchers, and graduates of Greek polytechnic universities, with no fees charged to participating startup teams.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Professional and Management Development Training (611430), Computer Training (611420)

SIC

Services-Educational Services (8200), Services-Management Consulting Services (8742)

akta.pro primary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

akta.pro secondary industries

Accelerators & Incubators (Investor-Operated) (FSANAAAM), Business Planning, Pitching & Competitions (Pitch Decks, Demo Days) (EDAMAHAB), Innovation & Design Thinking Programs (EDAMAHAD)

Keywords

• Technology business incubation
• ICT startup programs
• Entrepreneurship support
• Innovation ecosystem
• Startup acceleration

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Incubation Program Services: Invent ICT provides incubation services including coaching, mentoring, networking, and access to funding opportunities for startup teams in ICT. The program is government-sponsored and supported by industry partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Invent ICT is a technology business incubator that runs structured, cohort-based incubation cycles for ICT-focused startup teams drawn from Greek polytechnic universities. Each cycle admits roughly 16-25 teams selected from over 60 applications, providing customized coaching, mentoring, networking events (Infusion Nights), access to investors (Phaistos Fund, Big Pi Fund, Metavallon VC), and exposure to international events such as Mobile World Congress. The program is delivered free of charge to participating startups and is funded through a public-private partnership involving NTUA, ID-GC, EEKT, and the Greek Ministry of Digital Governance.

Product overview

Invent ICT is a technology business incubator that operates as a structured program with multiple incubation cycles. The core offering consists of the Invent ICT Business Incubator Program, which provides comprehensive support including mentorship, coaching, and access to funding networks for startups in ICT sectors. The program includes INFUSION NIGHTS as community events for networking and knowledge sharing, and structured Startup Incubation Cycles that guide teams from initial concept through to graduation.

Differentiator

Problem solved

Functional benefit

Products and services

• Invent ICT Business Incubator Program A technology business incubator program that supports students, researchers, and graduates from polytechnic schools to develop innovative ICT ventures, providing mentorship, coaching, and access to funding networks.
• Startup Incubation Cycles Structured multi-cycle incubation program that guides startup teams from idea validation through business plan development to graduation and potential funding, delivered in cohort format.

Quantifiable outcome

• Graduated startups have attracted financing and achieved international presence
• +1 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• ΕΠΙ.νοώ / NTUA (National Technical University of Athens)coreStrategic or Co-development Partner · 1 January 2017ΕΠΙ.νοώ is the Research-Industry Liaison Unit of EPISEY (Research Institute of Communication Systems and Computers) at NTUA. It serves as the primary implementing body of Invent ICT, providing academic expertise, research commercialization infrastructure, and access to the university talent pipeline. Key figures include Project Manager Dr. Evangelos Siokas.
• Industry Disruptors Game Changers (ID-GC)coreStrategic or Co-development Partner · 1 January 2017ID-GC is a non-profit organization that creates an ecosystem to enhance and promote innovation and entrepreneurship. It brings international networks (present in 64 countries), startup expertise, and connections to global markets. Founded by Michalis Stagos, ID-GC provides GTM support, mentorship networks, and international event access (e.g., MWC, GEC2017).
• Union of Mobile Communication Companies (ΕΕΚΤ / EEKT)coreStrategic or Co-development Partner · 1 January 2017EEKT (Ενωση Εταιρειών Κινητής Τηλεφωνίας) is an association of mobile operators in Greece. It provides financial and industry support to Invent ICT, helping connect startups with the telecom sector and contributing to funding opportunities and industry relevance.
• S.O. Kwadraat (Belgium)minorStrategic or Co-development Partner · 1 January 2017A Belgian non-profit organization affiliated with KU Leuven University, recognized as Europe's most innovative university. It contributes international incubation methodology, evaluation frameworks, and best practices to the Invent ICT program.
• Partner UniversitiesminorStrategic or Co-development Partner · 1 January 2017Collaborating universities include University of Piraeus, Democritus University of Thrace, University of Patras, and Aristotle University of Thessaloniki. These institutions provide additional talent pipelines and local ecosystem connections beyond NTUA.
• Ministry of Digital Governance of GreececoreStrategic or Co-development Partner · 1 January 2017Invent ICT operates under the auspices of the Greek Ministry of Digital Governance, making it the first business incubator resulting from a public-private partnership in the country. The ministry provides institutional support and alignment with national digital strategy.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OK!Thess: Greek tech incubator and accelerator based in Thessaloniki, operating as a hub for early-stage startups. Directly comparable as a domestic Greek incubator competing for similar ICT and innovation-driven founders.
• Egg - Enter Grow Go (Eurobank): Corporate-backed Greek startup incubator operated by Eurobank. Comparable as a Greek entrepreneurship program supporting early-stage ventures with mentorship and connections to investors.
• The Cube Athens: Athens-based co-working and incubation space supporting Greek startups. Directly comparable as a Greek ecosystem player serving similar founder segments in the Athens innovation community.

Others

• Industry Disruptors Game Changers (ID-GC): International innovation and entrepreneurship ecosystem with presence in 64 countries. Listed here because ID-GC is a core founding partner of Invent ICT rather than a pure competitor — relevant for ecosystem context and benchmarking of the parent organization's broader programs.
• Metavallon: Greek venture capital firm that also runs accelerator-style programming. Listed because it is both a financial partner of Invent ICT and a comparable Greek ecosystem player; relevant for benchmarking investor-side engagement with Greek founders.
• Phaistos Fund: Greek VC focused on 5G and technology ventures. Listed because it is a financial partner of Invent ICT and a relevant Greek funding source for portfolio graduates, helping illustrate the broader Greek funding ecosystem.
• Big Pi Ventures: Greek technology VC fund. Listed as another financial partner of Invent ICT and comparable Greek capital provider relevant for understanding the competitive capital landscape for incubated startups.

Regional players

• Anthemis: UK-based venture firm and fintech incubator operating across Europe. Comparable as a European incubator/accelerator model with similar cohort-based programming, but focused on fintech and operating in a different geography.

Broad incumbents

• Techstars: Global accelerator network running cohort-based programs across multiple verticals and geographies. Comparable as a well-established, multi-stage startup accelerator with similar mentoring and demo-day structure, but operating at much greater scale and with equity participation.
• Startupbootcamp: Global accelerator with industry-specific and regional programs across Europe. Comparable as a structured accelerator offering mentorship and investor access to early-stage tech founders, with deeper capital and broader geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Invent4ICT
• Xx.com/Invent4ICT
• LinkedInlinkedin.com/company/invent-ict

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invent ICT