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Greece’s blueground, founded by entrepreneur Alexandros Chatzieleftheriou, was recently honored with the 2016 Hellenic Entrepreneurship Award, a program which rewards the most innovative Greece-based entrepreneurs with mentorship and funding support. Blueground is creating a technology-enabled chain of serviced apartments, houses and villas created by transforming existing residential properties.
The Hellenic Entrepreneurship Award offers Greece-based entrepreneurs the chance to receive free consulting and mentoring plus a share of €1.25 million in prize funding to support their new business venture. A panel of judges, consisting of successful, experienced entrepreneurs and executives, carefully reviewed 1,100 business plans, leading to the selection of this year’s 10 finalists. The judges were looking for ideas that demonstrate innovation, sustainability, financial prudence and job creation in Greece.
Blueground is a Vacation and Corporate Rental (VCR) e-marketplace that seeks to innovate the hospitality industry. Regulation and commercial developments have enabled travelers to easily book an apartment or house online instead of a hotel room. Blueground was founded in April 2013 at the intersection of technology and hospitality, creating a chain of serviced apartments, houses and villas by transforming existing residential properties. It leases or fully manages properties and subsequently renovates, furnishes and equips, effectively converting properties to quality, best practice rentals.
Blueground currently has 300 properties under management and is growing with 40 properties per month. They most recently launched in Turkey with the support of the Endeavor Turkey office and plans an expansion in Dubai with the support of Endeavor UAE. The company currently has 40 employees and has raised €1.4 million in financing from investors to date.
Learn more about the HEA winners by clicking here.
Blueground receiving their Award
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