About

At Mantis Beyond Innovation, we assist organizations succeed through the power of open innovation! Founded in 2017, the company is now the leader of Innovation & Entrepreneurship in Greece, a tech innovation firm for today & tomorrow and a community of bright minds and idea holders. Acting as innovation enablers, we partner with organizations that are ready to accelerate and solve the most demanding environmental, fintech and societal challenges through product development, process optimization, talent & start up acquisition and awareness initiatives. Pioneers at heart, we have built our Innovation Management Software (SaaS) that delivers impact through data and analytics solutions and facilitate the evaluation and decision – making process of innovation proposals. Our expertise lies in the design of open innovation programs, corporate innovation hubs and talent acquisition programs and we are never bored to build new challenges for idea holders.

Solution & Product

•Open Innovation as a Service (OlaaS): We deliver a variety of Open Innovation Programs to help our clients scout the best startup & tech solutions. The programs aim to: a) Setting business challenges and calling startups and the community of innovators to provide solutions, b) Identifying, training, and recruiting talents to get involved with the startup and investment ecosystem, c) Brand awareness associated with innovation and startups. • Innovation Management Software: Mantis IMS is our fully customizable platform that allows our clients to source and manage new ideas, incubate startups & teams and build talent & idea pipelines. • Innovation Portfolio Management: We maintain and progress your organization’s innovation projects to develop new products & services, optimize processes and quantify innovation. • Corporate Innovation Hubs: We setup a hub purely to support your company’s innovation strategy by implementing innovation activities and open innovation programs, while building the community of innovators. • Talent Acquisition Programs: By setting innovation challenges, we source and recruit the best talents to become part of your workforce.

Innovation & Scalability

The main goal of the company within the next period is to expand into new markets in neighboring countries and especially in Italy, developing its extroversion, while already counting partnerships in Greece, Poland, Serbia, Croatia and England. Although Mantis IMS was launched in 2019, our SaaS business model allows it to be purchased from our website by customers from all over the world. Governments such as Bahrain and Cyprus, as well as the EIT for all European countries, are already in contact with us for a collaboration. Even though we are currently offering automated procedures for our clients in the startup ecosystem, Mantis will soon offer the same services in other industries with the same needs. Business plans, research proposals, Corporate Social Responsibility proposals, control and monitoring of Registries, evaluation of industrial and environmental activity, are some of the cases of utilization of the platform that Mantis will chase after within the next period. An important barrier in our operation so far is that the company's headquarters are located in Greece, which makes our customers very skeptical about their cooperation with us. It is also difficult to find the right human resources for sales in Greece in terms of sales in foreign countries.

Traction & achievements

Mantis is a spinout startup from National Technical University of Athens that was founded in October of 2017. In 2018 was awarded as the best company of the EGG, Eurobank’s incubation program, while the following years the board’s members have been awarded by the Fortune and the Forbes. In just three years of operation the company has managed to have three profitable EBITDA. In 2019 the revenues for the company were 106k and the revenues’ projections for 2020 will be over 300k. We currently count over 70 clients, with a 300% increase since last year and over 60.000 users in our software, while we count 9 employees. Our biggest milestone was the development of the National Startup Registry, Elevate Greece - a tool with an ultimate goal to support and strengthen the innovation ecosystem. The whole initiative was designed, implemented and is currently being operated by us. The first customer abroad came in 2019 as EIT Raw Materials used our software for all Eastern European countries.

Team & Why Us

Christos Nikoloudis, CEO, is a graduate mechanical engineer from the NTUA, with a MEng in IMOR. Through his PhD thesis, he has developed decision-making models and evaluation systems for the startup ecosystem. He has participated in the assessment of Hellinikon project (7bn initial cost of investment), while was a financial analyst on several Strategic Investments (Fast Track Law).

Funding Needs

Mantis has achieved organic growth in the past five years, and is currently not looking for external funding.