knowledge-based economy technological innovation

Cyprus’ Path to a Knowledge-Based Tech Economy

Cyprus is urged to take key steps in developing a knowledgebased tech economy, including establishing a business culture promoting innovation, implementing a supportive legal framework, investing in education, encouraging digital transformation, creating a venture capital fund, and focusing on developing local talent while attracting international expertise. The island’s potential as a tech hub and its unique position to become a regional center for innovation were emphasized by experts at the Economist Conference, who also announced the initiation of Cyprus’s first publiclysupported venture capital fund.