Archimedes joins forces with the Growthfund for the digitization of its services!

Goal: Gradual Integration of Smart Digital Applications Based on Data from the Group's Subsidiaries in Collaboration with the Research Center "Archimedes"

The Growthfund actively supports the intensive digitization of services provided by its subsidiaries to citizens. With the Research Center for Artificial Intelligence, Data Science, and Algorithms "Archimedes" of the "Athena" Research Center as an invaluable ally and partner, it leverages the large volumes of data generated by digital services.

 Growthfund expects the "Archimedes" team to assist both it and its subsidiaries in a series of additional goals and actions:

  • Optimizing applications using machine learning and artificial intelligence technologies (such as chatbots).
  • Shaping the Data Governance strategy and framework designed for the Group's companies.
  • Within the broader Group strategy for adopting Artificial Intelligence technologies in the digital transformation of its subsidiaries.

Mr. Timos Sellis, Director of "Archimedes," stated about the collaboration: "The Growthfund and the 'Archimedes' Research Center closely collaborated to address key challenges, applying the innovation methodology centered on the citizen-user. Additionally, priority was given to training and providing real problem-solving experiences for as many students as possible through internships and practical training actions. Simultaneously, the involved companies familiarized themselves with a rapid innovation process and actively engaged in solving their critical challenges. The collaboration was highly productive for all involved and was crowned with absolute success. We warmly thank the Growthfund for this opportunity for collaboration in innovative actions and for giving young engineers the chance to engage with real problems."

Ms. Aphrodite Sevasti, Growthfund's Chief Technology Officer, stated: "Through this excellent collaboration, for which we thank the 'Archimedes' Research Center, we reinforce our strategic priority for leveraging data in the operation and optimization of services provided to citizens by Growthfund's companies. The culture of the data-driven enterprise, familiarization with data extraction, processing, and analysis for the Group's company executives, and the development of infrastructure for data collection and utilization are part of our strategy moving forward. Many congratulations to all participants and especially to our companies' executives for their contribution to this 'baptism by fire'."

You can find the full press release here:


The project “ARCHIMEDES Unit: Research in Artificial Intelligence, Data Science and Algorithms” with code OPS 5154714 is implemented by the National Recovery and Resilience Plan “Greece 2.0” and is funded by the European Union – NextGenerationEU.

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