Who doesn’t love Greece? Incredible beaches, delicious food and fine wine, friendly people, and hot sun. But we have begun to forget that Greece is also the cradle of culture, the source of innovation and technology.
It’s hard to imagine what would happen to modern society, or rather to its culture if there were no Greece. It was the birthplace of almost everything we love and care about: mathematics, literature, the Greek alphabet, comedy, drama, painting, democracy, theater, and the Olympics.
It was Greece that gave the world beliefs and ideas that have vividly influenced the development not only of its people but of all societies, in every corner of the world.
Even modern computer technology must pay tribute to Ancient Greece because it is difficult to imagine what would have happened to science without Pythagoras and his Pythagorean school, modern theaters and movie theaters, actors and actresses, must be grateful to the first actors who went to the first arenas and acted out comedy and drama in homage to the god Dionysus.
But, unfortunately, the country’s economy has not been able to reach a stable level in recent years. The country is in a protracted crisis. However, it is not as bad as it may seem at first glance because, since the mid-2010s, several interesting startups have been founded in Greece.
Over the last decade, according to a study by Marathon Venture Capital, about $1 billion was invested in the Greek startup industry. The amount of funds invested in Greek startups has been increasing in recent years. Some companies have headquarters or representative offices in our country, while most of their employees stay in Greece.
If we take into account companies with Greek founders based in Greece, the amount reaches $6 billion, and that includes 608 startups from 2010 to 2020.
These companies raised $6 billion in 927 investment rounds, involving 790 investors.
Today there are startup companies that, while abroad, maintain a strong presence in Greece, too. For example, Orfium, which is based in Los Angeles but has Greek co-founders, keeps most of its employees in Greece.
But the most interesting Greek startup for today is Magos. Founded in 2017 and operating the Athens Digital Lab, the startup works on developing an exoskeleton glove, which can be used in meta universes. The glove digitizes not only hand movements but also sensations with sensors that provide vibrations and simulate touch as it is felt in reality. The new tool developed by Magos is placed on a human hand to digitally represent its movements in a virtual and augmented reality environment.
Meta universes are changing so-called immersive technologies. Until now, virtual technologies have only interacted with two senses, sight, and hearing. Greek startup Magos has invented a glove that allows you to touch the virtual world.
And who knows, maybe this will be the invention, which will bring Greece back to the world’s pedestal, and just like the letters of the Greek alphabet are widely used in geometry and physics, some of them are familiar to American college students through the names of fraternities and sororities, the Magos gloves will be a part of every meta-universe app.