Virtual Trip Entrepreneurial Ecosystem Materializing Innovation Athens, Greece July 2011
Summary Virtual Trip is an EU-based Group of dynamic start-ups in the ICT sector Currently consisting of 14 companies  Cutting-edge technology software vendors Consulting, development and integration services in demanding ICT projects Figures FY2010 gross revenue of 10.5 M € 45 employees in Heraklion (7), Athens (33), Madrid(1) and Ohio(4)
Background Virtual Trip Ltd was founded in September 2000 at the Science & Technology Park of Crete Recognized as historically the first successful student start-up in Greece Started as a consulting, development & integration services provider Later (2003) added a s/w vendor activity and spawn out vertically specialized companies Acquired Infomap SA (2005) to enter GIS and eGov markets Introduced the concept of the “entrepreneurial ecosystem” as a next-generation start-up accelerator (2009) Expanded to Madrid (2008) and Ohio (2009) Became a gold member of EBAN – European Business Angels Network in 2010
Entrepreneurial Ecosystem http://en.wikipedia.org/wiki/Entrepreneurial_ecosystem   “ An entrepreneurial ecosystem is a group of non-competing companies, including start-ups, established companies and one or more coordination entities, which share the same vision, values, culture, strategy and business processes and decide to form an organization in order to explore economies of scale in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management ”
Ecosystem Services Strategy – Advisory Services Financing – Access to Capital Business Development – Access to Markets Talent Management Financials & Accounting Management MIS & IT Infrastructure Marketing Communications Legal Advisory Business Administration Offices / facilities
Our Values The key values of our people are: Entrepreneurship We love setting targets and achieving them!  Usefulness The results of our work address real problems & needs of our Customers and their socioeconomic environment! Innovation We are constantly looking for new ways to address our Customers needs Quality We may negotiate everything but quality! Commitment Things may be proven more difficult than expected. We shall work harder than planned!
Ecosystem Figures Financial growth  Revenue | 2001: €100Κ – 2010:  € 10.5M Personnel: 5 -> 45 International presence Antenna office in Madrid, Spain since November 2008 Subsidiary in Ohio, US since September 2009 Antenna offices soon in San Francisco, Brussels and Warsaw Broad spectrum of markets, products & services Products: SOLO Gateway, eFront e-Learning, mVision, Insurance Manager, Diagramma, OpenVote, S4Trips, VerITA Services: S/W Engineering, Systems Consulting, GIS, e-Learning, Mobile applications, e-Health Markets:  Mobile and Fixed-line Operators , Small & medium businesses, Infotainment, Advertising, Education & Training, e-Government, Healthcare
International Presence
Ecosystem Members Virtual Trip Holding SA,  www.vtrigroup.com Services Virtual Trip Ltd,  www.vtrip.net Infomap SA,  www.infomap.gr   NGLS SA,  www.studybox.gr Vendors Epignosis Ltd,  www.efrontlearning.net MVNS SA,  www.mvns.mobi SOLO Gateway SA,  www.sologateway.com Insurance Manager SA,  www.insurancemanager.gr Diagramma Ltd,  www.diagramma.in S4Trips Ltd,  www.s4trips.com Verita Ltd,  www.veritadv.com Syndesis Ltd,  www.syndesis.in   Distribution / Antenna office  Actech LLC,  www.actechco.com Virtual Trip Spain SL,  www.vtrip.es
Management Team Non Executive  Prof. Christos N. Nikolaou, Non-Executive President http://www.linkedin.com/in/christosnikolaou   Vangelis Zeginoglou, Non-Executive Director Ex. SUN Microsystems SEAME Director Executive Dimitris Tsigos, Group CEO http://www.linkedin.com/in/tsigos   Dr. Evangelos Kotsovinos, Group CSO http://www.linkedin.com/in/kotsovinos   Dr. Nikos Sfyris, Group R&D Director Nikos Priniotakis, Group CFO
Strategy 2000 – 2010 Internet Technologies 2010 – 2020  Cloud computing / Software-as-a-Service Mobile Applications & Services
Human Resources Virtual Trip Group currently employee 45 persons All of them with university degrees, most with postgraduate studies The technical team members hold postgraduate degree in computer science / engineering with research experience in major Greek or European institutions Java is the core development technology Most of our technical personnel is certified by SUN Microsystems Experience in .NET, PHP, Python Linux is our platform of choice Cooperation with a large network of specialized freelance IT Consultants Unparalleled access to talent Strong ties with the Greek academic / research community CSD/UoC, CEID/UPatras, CS/AUEB, INF/UTH, ICS/FORTH, NCSR, etc Strong ties with the Greek & European start-up community
Research Grants Virtual Trip Group companies have participated / participate to 30++ industrial research projects funded by EU- and National programs The Group strategy is to commercially exploit research projects Explicitly, through direct product development as project deliverable Implicitly, through know-how transfer to commercial products We actively explore opportunities for new grants 7 th  EU Framework Program CS-ORION,  http://www.cs-orion.eu   CHOReOS,  http:// www.choreos.eu   4 th  Hellenic Framework Program – “ESPA” S-PORT,  http://s-port.unipi.gr   SPHINX,  http://sphinx.vtrip.net
Experience Portals Emporiki Bank MoD, HNMS, MoT Zenon SA, Ariadni, AVGI 30+ eGov Portals Information systems Hellenic Passport Issuing System Emporiki Bank e-Banking IKPA Workflow Management OTE Dealers Inform Lykos Systems & networks First Linux certified DPS partner in Greece EETT – Number Portability, Piraeus Bank, Eurobank, Ethniki Bank
Experience Human capital management Fujitsu-Siemens Australia Telenor Caterpilar University of South Carolina Awards-winning eFront platform, certified by US DoD Mobile applications & services OTE Conn-x View mobile surveillance Mobile Social community portal of Vodafone, Wind and Cosmote Mobile Social Games Leading “Live Blackjack 21” android game Ranked 8 th  on the android market, over Zynga 4,000+ downloads/day 4.65/5 user rating Chess Live already published Baccara, Spades and more casino games in development Horse-racing, Backgammon in development
Experience Voice portals VoiceXML Pioneer in Greece (2001) OTE, Forthnet, 30+ eGov projects Unified Communications / Cloud Computing Vendor of the SOLO Gateway platform Provider of the OTE IP PBX solution Digital Signage Vendor of the VeriTA platform Provider of the OSFE Digital Signage solution
Experience Electronic Voting OpenVote platform Secure, Remote Internet Voting Providing absolute privacy and universal verifiability features GIS Infomap SA: GIS pioneer in Greece (1993) Ktimatologio, AIA, A2004, 20+ eGov projects including MoD-Geographical Service, Ministry of Environment
Contact Web / Social http://www.vtripgroup.com   http://blog.vtripgroup.com http://twitter.com/VirtualTrip   http://www.linkedin.com/companies/virtual-trip-group Postal / Tel Santaroza 1 & Stadiou Ave, Athens, GR 105 64 Tel +302106756008

Virtual Trip

  • 1.
    Virtual Trip EntrepreneurialEcosystem Materializing Innovation Athens, Greece July 2011
  • 2.
    Summary Virtual Tripis an EU-based Group of dynamic start-ups in the ICT sector Currently consisting of 14 companies Cutting-edge technology software vendors Consulting, development and integration services in demanding ICT projects Figures FY2010 gross revenue of 10.5 M € 45 employees in Heraklion (7), Athens (33), Madrid(1) and Ohio(4)
  • 3.
    Background Virtual TripLtd was founded in September 2000 at the Science & Technology Park of Crete Recognized as historically the first successful student start-up in Greece Started as a consulting, development & integration services provider Later (2003) added a s/w vendor activity and spawn out vertically specialized companies Acquired Infomap SA (2005) to enter GIS and eGov markets Introduced the concept of the “entrepreneurial ecosystem” as a next-generation start-up accelerator (2009) Expanded to Madrid (2008) and Ohio (2009) Became a gold member of EBAN – European Business Angels Network in 2010
  • 4.
    Entrepreneurial Ecosystem http://en.wikipedia.org/wiki/Entrepreneurial_ecosystem “ An entrepreneurial ecosystem is a group of non-competing companies, including start-ups, established companies and one or more coordination entities, which share the same vision, values, culture, strategy and business processes and decide to form an organization in order to explore economies of scale in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management ”
  • 5.
    Ecosystem Services Strategy– Advisory Services Financing – Access to Capital Business Development – Access to Markets Talent Management Financials & Accounting Management MIS & IT Infrastructure Marketing Communications Legal Advisory Business Administration Offices / facilities
  • 6.
    Our Values Thekey values of our people are: Entrepreneurship We love setting targets and achieving them! Usefulness The results of our work address real problems & needs of our Customers and their socioeconomic environment! Innovation We are constantly looking for new ways to address our Customers needs Quality We may negotiate everything but quality! Commitment Things may be proven more difficult than expected. We shall work harder than planned!
  • 7.
    Ecosystem Figures Financialgrowth Revenue | 2001: €100Κ – 2010: € 10.5M Personnel: 5 -> 45 International presence Antenna office in Madrid, Spain since November 2008 Subsidiary in Ohio, US since September 2009 Antenna offices soon in San Francisco, Brussels and Warsaw Broad spectrum of markets, products & services Products: SOLO Gateway, eFront e-Learning, mVision, Insurance Manager, Diagramma, OpenVote, S4Trips, VerITA Services: S/W Engineering, Systems Consulting, GIS, e-Learning, Mobile applications, e-Health Markets: Mobile and Fixed-line Operators , Small & medium businesses, Infotainment, Advertising, Education & Training, e-Government, Healthcare
  • 8.
  • 9.
    Ecosystem Members VirtualTrip Holding SA, www.vtrigroup.com Services Virtual Trip Ltd, www.vtrip.net Infomap SA, www.infomap.gr NGLS SA, www.studybox.gr Vendors Epignosis Ltd, www.efrontlearning.net MVNS SA, www.mvns.mobi SOLO Gateway SA, www.sologateway.com Insurance Manager SA, www.insurancemanager.gr Diagramma Ltd, www.diagramma.in S4Trips Ltd, www.s4trips.com Verita Ltd, www.veritadv.com Syndesis Ltd, www.syndesis.in Distribution / Antenna office Actech LLC, www.actechco.com Virtual Trip Spain SL, www.vtrip.es
  • 10.
    Management Team NonExecutive Prof. Christos N. Nikolaou, Non-Executive President http://www.linkedin.com/in/christosnikolaou Vangelis Zeginoglou, Non-Executive Director Ex. SUN Microsystems SEAME Director Executive Dimitris Tsigos, Group CEO http://www.linkedin.com/in/tsigos Dr. Evangelos Kotsovinos, Group CSO http://www.linkedin.com/in/kotsovinos Dr. Nikos Sfyris, Group R&D Director Nikos Priniotakis, Group CFO
  • 11.
    Strategy 2000 –2010 Internet Technologies 2010 – 2020 Cloud computing / Software-as-a-Service Mobile Applications & Services
  • 12.
    Human Resources VirtualTrip Group currently employee 45 persons All of them with university degrees, most with postgraduate studies The technical team members hold postgraduate degree in computer science / engineering with research experience in major Greek or European institutions Java is the core development technology Most of our technical personnel is certified by SUN Microsystems Experience in .NET, PHP, Python Linux is our platform of choice Cooperation with a large network of specialized freelance IT Consultants Unparalleled access to talent Strong ties with the Greek academic / research community CSD/UoC, CEID/UPatras, CS/AUEB, INF/UTH, ICS/FORTH, NCSR, etc Strong ties with the Greek & European start-up community
  • 13.
    Research Grants VirtualTrip Group companies have participated / participate to 30++ industrial research projects funded by EU- and National programs The Group strategy is to commercially exploit research projects Explicitly, through direct product development as project deliverable Implicitly, through know-how transfer to commercial products We actively explore opportunities for new grants 7 th EU Framework Program CS-ORION, http://www.cs-orion.eu CHOReOS, http:// www.choreos.eu 4 th Hellenic Framework Program – “ESPA” S-PORT, http://s-port.unipi.gr SPHINX, http://sphinx.vtrip.net
  • 14.
    Experience Portals EmporikiBank MoD, HNMS, MoT Zenon SA, Ariadni, AVGI 30+ eGov Portals Information systems Hellenic Passport Issuing System Emporiki Bank e-Banking IKPA Workflow Management OTE Dealers Inform Lykos Systems & networks First Linux certified DPS partner in Greece EETT – Number Portability, Piraeus Bank, Eurobank, Ethniki Bank
  • 15.
    Experience Human capitalmanagement Fujitsu-Siemens Australia Telenor Caterpilar University of South Carolina Awards-winning eFront platform, certified by US DoD Mobile applications & services OTE Conn-x View mobile surveillance Mobile Social community portal of Vodafone, Wind and Cosmote Mobile Social Games Leading “Live Blackjack 21” android game Ranked 8 th on the android market, over Zynga 4,000+ downloads/day 4.65/5 user rating Chess Live already published Baccara, Spades and more casino games in development Horse-racing, Backgammon in development
  • 16.
    Experience Voice portalsVoiceXML Pioneer in Greece (2001) OTE, Forthnet, 30+ eGov projects Unified Communications / Cloud Computing Vendor of the SOLO Gateway platform Provider of the OTE IP PBX solution Digital Signage Vendor of the VeriTA platform Provider of the OSFE Digital Signage solution
  • 17.
    Experience Electronic VotingOpenVote platform Secure, Remote Internet Voting Providing absolute privacy and universal verifiability features GIS Infomap SA: GIS pioneer in Greece (1993) Ktimatologio, AIA, A2004, 20+ eGov projects including MoD-Geographical Service, Ministry of Environment
  • 18.
    Contact Web /Social http://www.vtripgroup.com http://blog.vtripgroup.com http://twitter.com/VirtualTrip http://www.linkedin.com/companies/virtual-trip-group Postal / Tel Santaroza 1 & Stadiou Ave, Athens, GR 105 64 Tel +302106756008