First Elements Euroconsultants Ltd was founded in 2000, under the name First Elements Ventures Ltd, with the vision to build upon its unique business model of fully integrated/complementary services and leverage upon its first mover advantage, accumulated know-how, network and access to risk capital, to emerge as the SE European region’s premier service provider in relation to activities which foster entrepreneurship, innovation, competitiveness and technology transfer.
In 2007 the company was renamed to First Elements Euroconsultants Ltd, after it was acquired by Euroconsultants S.A., one of the biggest consultancy companies in Greece with offices and collaborators in Eastern Europe, the Mediterranean and in countries of the Persian Gulf.
First Elements is active in three core business sectors: Programme Development and Management Consulting: services to public bodies (national/ regional). It focuses on business development and capacity building of public organisations. Such services include National/ Sectoral/ Regional/ Cross-Border Policy development, Project funding and development, Programme Management, Programme and Project Management.
Development of SME support mechanisms: especially for developing and supporting new-founded, entrepreneurial, technology based companies as well as on promoting entrepreneurship on a European level. FE operates on a regional, national and supranational level both within the EU but also outside in designing, managing and potentially investing in SME support mechanisms such as Science and Technology Parks, Business Incubators and SME financing schemes/ funds.
In this aspect of its operation FE works with both, the private and the public sector as well as academia in the framework of the triple helix approach to developing entrepreneurship. Project Management Services: FE initiates or participates in projects of strategic interest in the fields of entrepreneurship, innovation management and development as well as research management and research results exploitation and commercialisation.