INTRODUCING EnvolveXL: A NEW STARTUP ACCELERATION PROGRAM ENABLING THE DIGITAL AND SUSTAINABLE TRANSFORMATION OF THE GREEK ECONOMY
Envolve leverages its 11-year legacy as key stakeholder in the Greek startup ecosystem to create a new accelerator that promises maximum impact.
01 November 2023 – Envolve Entrepreneurship (https://envolveglobal.org), a global non-profit startup support organization, is launching EnvolveXL, a new acceleration program that aims to support the digital and sustainable transformation of the Greek economy. EnvolveXL will holistically support 100 Greece-based or Greek-founded startup teams over the next 5 years. The program will onboard 20 startups, annually, for an intensive 4-month acceleration program that includes support from ideation to investments, expert-designed courses, advisory board services, demo days, mentorship, international networking, and funding opportunities. The platform for applications for EnvolveXL will remain open until 10 January 2024, at the following link: https://envolveglobal.org/envolveXL/apply. The program, funded and supported by Libra Philanthropies (https://libraphilanthropies.org/), has an ultimate goal of transforming Greece’s economy into an innovative global example.
“Envolve is proud to be a key startup ecosystem stakeholder and is committed to supporting the next generation of global disruptors,” says Alexandros Nousias, Managing Director of Envolve Entrepreneurship. “As the Greek startup community progresses, resources and support must follow. Envolve is poised to become the hub for Greek success stories. We are searching for 100 high-impact teams with the potential to produce new organizations and economic models that revolutionise the way global business is done, with a focus on digital transformation and sustainability.”
Envolve Entrepreneurship was established in 2012 as Hellenic Entrepreneurship Award, which became Envolve Award Greece, the organization’s flagship program, in 2018. As one of the first and longest-standing startup support organizations in Greece, Envolve has supported 37 businesses from 20 sectors by offering over €6,000,000 funding, resulting in a €860,000,000 portfolio valuation and growing into some of the ecosystem’s leading businesses. Those 37 supported teams, such as Blueground, RTsafe, Apifon, PD Neurotechnology, Ferryhopper, Carge, CollegeLink, and more, have created over 2,000 jobs.
Envolve accelerates founders and ignites innovation, through Founders Support, Upskilling and Business Innovation, with dozens of programs across the country and Europe. Throughout the organisation’s 11 years of work with thousands of entrepreneurs, Envolve has been committed to embracing the challenges of tomorrow and scaling organizations’ impact.
EnvolveXL will utilize a hybrid model inspired by acceleration programs worldwide, that brings together sector-specific best practices and an extensive international network with a founder-first, market-driven approach.
The program consists of four stages:
- idea or service/product validation
- business validation
- market validation
Each participant is, initially, required to offer up to 1% equity to the program, and therefore the ecosystem. EnvolveXL is also “Investing for Good”, distributing a pool of €265,000 annually, including €65,000 for micro-investments to the top five participating startups. They will also allot up to €200,000 for investment opportunities for up to three startups per acceleration cycle, to support their journey towards international success.
Through the “Investing for Good” approach, EnvolveXL will offer teams substantial support to enter their growth stage, connect with international markets, and attract new investors. Successful investments will create a cyclical effect of multiplied value to support the ecosystem, staying true to Envolve’s founding cause: further accelerating founders and their teams, and supporting entrepreneurship, extroversion and innovation, in every aspect.
“We are delighted to extend our support to Envolve’s growth and eagerly anticipate the transformative effects of its new flagship program, EnvolveXL”, says Rosanna Mortoglou, CEO of Libra Philanthropies, the program’s Founding Sponsor. “Envolve has consistently been at the forefront of the Greek entrepreneurial landscape, and now, harnessing over a decade of experience and a global network, the team is addressing the unique demands of today’s founders. We are deeply committed to propelling Greece’s entrepreneurs towards success.”
Find more information about Envolve’s new flagship program, its stages of support, benefits, and requirements, in the following link: https://envolveglobal.org/envolveXL.
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About Envolve Entrepreneurship:
Envolve Entrepreneurship is a business support organization that has been at the forefront of global entrepreneurial support since its establishment in 2012. The organization champions founders and ignites innovation through an open startup ecosystem founded on efficiency, transparency, and growth. Envolve acts as an innovation and knowledge hub, offering cutting-edge upskilling, valuable resources, support for founders, and impactful innovation and digital transformation services to the global community.
Nurturing the next generation of global disruptors, Envolve re-introduces its flagship program, EnvolveXL, building upon the proven track record of the former Envolve Awards, in Greece and in the USA. In Greece, the program has fuelled the growth of 37 businesses and has injected over €6,000,000 into the economy, while fostering job creation and economic welfare.
To learn more about Envolve, please visit https://envolvelglobal.org
About Libra Philanthropies:
Libra Philanthropies is as an independent 501(c)(3) foundation dedicated to shaping the future of individuals, communities, and generations to come for the better. The foundation is a collective of 10 philanthropic initiatives that include social impact programs and independent non-profits that the Libra ecosystem has incubated. These initiatives focus on mental health, leadership and empowerment, entrepreneurship, addressing global issues through public private partnerships, and providing opportunity to high-potential individuals and communities worldwide.
To learn more about Libra Philanthropies, please visit www.libraphilanthropies.org