InvasiCell, a cuttingedge medical technology developed by Adonis Hadjigeorgiou and team at the University of Cyprus, has wowed attendees at the Tahko Ski Lift Pitch event in Finland. This innovative device replicates the complex environment of tumors, allowing for groundbreaking insights into cancer cell behavior and drug efficacy, revolutionizing cancer research and treatment.
The New Entrepreneurship Support Scheme in Cyprus, with a budget of €20 million, aims to empower youth and women to establish new businesses, offering financial support up to 70% for individuals aged 1829 and 60% for men aged 3050 and women aged 3055, targeting various sectors like processing, services, and tourism. Eligible applicants must not have engaged in entrepreneurial activities for the past six months, ensuring a focus on new ventures, with a maximum budget of €120,000 per enterprise to offset startup costs for potential business owners in Cyprus.
Sir Stelios HajiIoannou, founder of easyJet, has joined The Hellenic Initiative’s board, supporting Greece’s economic recovery through entrepreneurship and job creation. His Stelios Philanthropic Foundation enhances THI’s impact with strategic guidance and financial assistance, showcasing a powerful collaboration for positive change.
The New Business Activity Support Plan, part of the THALEIA Programme in Cyprus, offers generous funding rates of up to 70% for young entrepreneurs aged 1829 and up to 60% for those aged 3055, with a maximum support of €120,000 per enterprise, aiming to empower innovation and economic growth.
Cyprus is proposing to eliminate fees for innovative startups to boost innovation and attract investors. This initiative includes abolishing incorporation fees and easing the transition of private companies into public entities, showcasing the country’s commitment to nurturing a thriving environment for entrepreneurship.
The Cyprus Computer Society is launching the “Future Startup Founders” program to empower women in tech, offering free 60hour online training in entrepreneurship skills. With a focus on business models, lean startup methodologies, and tech concepts, this initiative aims to bridge the gender gap in the tech industry and support women in launching successful startups.
Realize your dream of starting a business with IDEA, the largest innovation center in Cyprus. They provide €20,000 in seed capital, business training, mentorship, and support services to help turn your idea into a successful venture. Apply by February 16, 2024, at www.ideacy.net to begin your entrepreneurial journey.
ARIS, a Cypriot startup accelerator, has partnered with finance firm XM to enhance Cyprus’s startup ecosystem. This collaboration aims to empower startups by offering mentorship, a network, and resources, reinforcing XM’s commitment to corporate social responsibility and fostering a hub for innovation in Cyprus and beyond.
Cyprus’s National Research & Innovation Strategy 20242026 aims to transform the country into a hub for research, innovation, and high technology. The strategy focuses on integrating research and innovation into the socioeconomic development of Cyprus to enhance its global competitiveness, attract investments and talent, and establish centers of excellence.
The IDEA Innovation Centre in Cyprus is offering Cypriot startups a ninemonth incubation program, complete with a €20,000 seed investment, educational resources, mentorship from experienced entrepreneurs, essential business services, and networking opportunities. With IDEA’s support, 89 startups have already thrived, creating over a hundred job opportunities and expanding their operations both locally and internationally. It’s time for budding entrepreneurs to seize this opportunity and take their vision to the next level.
