PRESS RELEASE: MITEF Greece Startup Competition – Finals & Awards Ceremony

Jul 2 • NEWS/BLOG • 2755 Views • Comments Off on PRESS RELEASE: MITEF Greece Startup Competition – Finals & Awards Ceremony

Athens, 7 July, 2015

On Wednesday July 1st, during the 3rd Hellenic Forum for Science, Technology & Innovation organized by NCSR “Demokritos”, the MITEF Greece Startup Competition concluded with the selection of the 3 winners: 1st Prize– RTsafe, 2nd Prize– Reportbrain Limited and 3rd Prize – TomoTECH. The 10 finalists of the competition pitched live in front of a high-profile panel of judges, business executives, entrepreneurs and investors from Greece and abroad, that selected the winner and 2 runner-ups.

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Evangelos Pappas, CEO at RTsafe (1st winner) and Judge Marina Hatsopoulos

The competition winner, RTsafe claims that radiation therapy (RT) for cancer patients is no more unsafe. Every RT patient can benefit from the personalized quality assurance process RTsafe provides. Using RTsafe products, the doctor performs the planned treatment on the 3D-printed “avatar” of the patient, tests the results and if everything is alright, replicates the treatment on the real patient achieving the expected results.

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Alexandros Kostopoulos, President & CEO at reportbrain Limited (2nd winner) and Vassilis Papakonstantinou, Chairman, MITEF Greece

The 1st runner up is Reportbrain, which has developed a smart news analysis and reporting platform. Knowledge creates sustainable advantage and according to Reportbrain, the risk of “not knowing” is simply unacceptable. Reportbrain customers can be sure that they will never miss important news of interest to them, from anywhere around the world. According to Reportbrain they will be able to build deeper relations with their clients, minimize their exposure to market risks and transform their sales performance by identifying new and cross-sell opportunities.

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Paris Ziogkas and Zoi Giavri, Co-founders of tomoTECH (3rd winner) and Katerina Saridaki, Executive Director, MITEF Greece

The 2nd runner up is TomoTECH which offers a dynamic and innovative cloud-based software service for the processing of 3 different MRI exams: DTI, fMRI & Perfusion. The main innovative feature of TomoTECH entails the processing of brain diffusion MRI (DTI) and more specifically the fiber tracking algorithm implemented which achieves extremely high accuracy rates (over 90%) in the final 3-D image, as opposed  to the deterministic tracking algorithms of the existing software, whose accuracy rates do not exceed 55-60%.

The MITEF Greece Startup Competition is a technology accelerating competition that aims to unlock the growth potential of Greek startups, and maximize their performance in order to scale faster and reach the global market. The competition was completed in the same time Greece entered into uncharted waters, offering a ray of hope for the development of a more sustainable, extrovert and innovation-driven Greek economy. Between January 2015 and the live pitch day the Competition’s participants had a unique opportunity to improve their business skills, refine their value proposition, build their team and gain valuable knowledge through practical hands-on workshops, while also given the chance to network in Greece and abroad and develop contacts and partnerships that will prove crucial to their further development.

The Finals & Awards event was officially opened by the Director and President of the Board at the National Center for Scientific Research “Demokritos”, Dr. Nikolaos Kanellopoulos, who welcomed over 180 attendees and pointed out that MITEF Greece through its vision for building a better world by supporting and accelerating the development of world-class technology companies, is a natural ally for “Demokritos”. “We look forward to a further cooperation and we remain ready to identify and pursue opportunities for joint future projects”, he concluded. Vassilis Papakonstantinou, Chairman of MITEF Greece, warmly thanked the 82 judges, 57 mentors and 16 workshop coaches who through their efforts made this Competition possible, and stressed that in Greece significant opportunities can be created as “we are natural-born entrepreneurs, we have strong scientific research output, we are historically resourceful, we have strong problem solving/analytical skill-sets and of course strong engineering & scientific background”.

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Nikolaos Kanellopoulos, Director & President, NCSR Demokritos

Charalampos Papadopoulosan economic diplomat & business developer for tech startups and host of the Finals & Awards ceremony, referred to his personal experience as member of the executive committee of the Competition, and also mentor and judge: “All teams worked hard, they identified their weaknesses and strengths and managed to significantly improve their value propositions during the mentoring phase of the Competition”.

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Host: Charalampos Papadopoulos, Economic Diplomat & Business developer for tech startups

The 10 finalists got on stage to pitch live their business plan to the audience and the MITEF Greece judging panel. Moreover, the 2 distinguished guest speakers, Theodora Koullias, Founder & CEO of Jon Lou and Marc Filerman, Accelerator Executive at CIMIT, shared their professional experience with the audience and the teams and highlighted the current challenges that innovative technologies create for the startup ecosystem, while attracting global interest.

Theodora Koullias in her speech titled «Fashioning Tech: The State of the Fashion Economy», after admitting that the Internet of Things is changing everything, presented the innovative features of the “smart” 314 bag that charges your smartphone and lights up inside to help you find your items. “Fashion is exclusive. Tech is accessible. The future of fashion economy is dependent on brands waking up”, she stressed. Marc Filerman, during his presentation «Healthcare Innovation Commercialization: The Important First Steps», underlined his conviction that “with customer discovery and enlightened irrational persistence, an entrepreneur can build something that customers really care about!”

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Speaker Theodora Koullias, Founder & CEO of Jon Lou

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Speaker Marc Filerman, Accelerator Executive at CIMIT

At the end of the pitch session the judges deliberated shortly to select the top 3 startups. The winners were the teams that demonstrated: a) the strongest improvement throughout the Competition, using the provided tools and knowledge, and b) the most promising value proposition for a global market.

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The Judging Panel

MIT Enterprise Forum Greece is grateful for the support of its loyal sponsors, strategic partners and media sponsors. Founding donor is the Stavros Niarchos Foundation. Sponsors include the Bodossaki Foundation and The Hellenic Initiative. The Athenaeum Intercontinental Hotel supports the chapter ashospitality sponsor. Strategic partners include Ernst & Young, Foley & Lardner LLP, Hay Group, International Accelerator, KAYAK, NCSR “Demokritos”, POTAMITISVEKRIS, and V+O Greece. Communication sponsors included,,,,, and Finally, sponsors of the Finals & Awards ceremony were Danaos Corporation and Microsoft Hellas, while Foodrinco S.A. and Mindspace were event supporters.

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