Eurobank is one of the four pillars of the Greek banking system. Moreover, Eurobank group is present in Bulgaria, Serbia, Cyprus, Luxembourg and London.
Read more: www.eurobank.gr
BUSINESS: 183 PRACTICES
Eurobank aims to promote innovation in its provided services and processes (regional competition FinTech Beyond Hackathon and internal competition “Innovation at the Epicentre”), support innovative youth entrepreneurship and improve sustainable opportunities in Greece, especially for young people (Programme egg – enter•grow•go).
The egg Programme is open to people with innovative ideas in all sectors of economic activity. In the competition FinTech Beyond Hackathon people of various fields participate, such as: software developer, marketer, designer and business developer as well as start up companies. The competition “Innovation at the Epicentre” is addressed to all Eurobank Group employees, irrespective of rank, position, experience or knowledge.
The egg Programme: Annual cycles of 12 months duration, 1st cycle launch in May 2013. The 7th cycle is in progress.
Beyond Hackathon: Launched in 2016 and implemented annually.
Innovation at the Epicentre: Launched in 2018 with the aim of being implemented every year.
The egg Programme offers groups of young entrepreneurs and individuals an integrated framework of business incubation, acceleration and co-working space for one year. It also offers a range of supporting actions and tools to help them develop and accelerate their business plans into complete marketable products and services.
The Programme is made up by two distinct and supplementary support platforms of innovative entrepreneurship:
The main benefits of the Program are:
In parallel the egg Programme is combined with other Bank programmes for businesses such as “the Extroversion Programme” and the Exportgate international trade portal.
The Beyond Hackathon Competition aims to encourage, cultivate and promote open innovation in the sector of FinTech (Financial Technology) financial services. For 48 hours the participating teams collaborate and develop products and services, which improve customer bank experience, while in the end they present their ideas in the Panel (entrepreneurs, Venture Capitalists and senior executives of Eurobank) in order to claim for one of the cash prizes of the Competition.
The internal competition «Innovation at the Epicentre» aims to promote a creative dialogue in the Organization and lead to new solutions, activating the talents and ideas of employees and promoting the importance of collaboration and creative thinking.
The competition’s 4 key pillars:
The participants submit a short description of their idea, which is evaluated by the organizational committee, which selects the best 8 ideas. The short-listed teams have the opportunity to live a constructive entrepreneurial experience during the three day Innovation Lab, where they learn how to develop their idea, evolve it originally and present it in the correct way, with the support from mentors and participation in special workshops.
Following the ideas’ evaluation by the organizational committee, the 3 winners are selected.
The initiative relates to the following Sustainable Development Goals: 1, 8, 9
The egg Programme has established itself as one of the most complete business acceleration programmes in the country with tangible results in Greece and abroad. Following the completion of the Programme’s six (6) cycles:
Beyond Hackathon: It is the first regional competition Hackathon in Greece that focuses on the sector of FinTech and the results of the 3 successful events until today are the following:
Innovation at the Epicentre: in the first competition:
The egg Programme: Participations from all over Greece.
Beyond Hackathon: Participations from Athens, other regions and abroad .
Innovation at the Epicentre: Participations from all over Greece.
The egg Programme: Designed and implemented in collaboration with Corallia).
Beyond Hackathon: The competition takes place in partnership with Found.ation and the Cube Workspace M.I.K.E..
Innovation at the Epicentre: Organized and implemented in collaboration with the Found.ation.
The egg Programme: 4 people
Beyond Hackathon: More than 50 employees of the Bank either provide mentoring services to the participants or participate in the Organizational or Judging Panel.
Innovation at the Epicentre: Voluntary participation of 197 employees.
The egg is a Corporate Social Responsibility (CSR) Programme of Eurobank Group for the support of Youth- Innovative Entrepreneurship. Eurobank efficiently helps the evolution and the future of greek economy with initiatives and vision.
The Beyond Hackathon Competition helps finding new ideas and applications for the provision and use of financial services and offers the participating teams the opportunity to collaborate with Eurobank in order to develop their product.
Through «Innovation at the Epicentre», Eurobank highlighted innovation as one of its values, motivating employees for thinking out of the box: