NICOSIA – Cyprus Seeds and Make investments Cyprus on December 29 introduced the winners of a brand new Award program to have a good time entrepreneurship main the best way in expertise and innovation in Cyprus.
In collaboration with Cyprus Seeds, a non-profit initiative supporting the commercialization of revolutionary tutorial analysis in Cypriot universities and analysis establishments, Make investments Cyprus, the nationwide funding promotion company, initiated the Award “Put money into the Commercialization of Entrepreneurship” with the goal to help the nationwide technique to spice up Cyprus’s analysis, expertise and innovation ecosystem launched by the related ministry.
Kyriakos Kokkinos, Deputy Minister for Analysis, Innovation and Digital Coverage of the Republic of Cyprus, welcomed the award as a daring and constructive step in direction of placing Cyprus on the map as an innovation, startup hub and information centre. He stated: “Cyprus is undoubtedly a rustic with extremely acknowledged human capital and capabilities in analysis and innovation – ranked 2nd within the area after Israel by the World Innovation Index 2020 – and we’ve got a transparent game-plan for supporting and enhancing the event of revolutionary startups in direction of their commercialization,” he stated, “That is an thrilling alternative for the native enterprise ecosystem to start out, develop and internationalize revolutionary entrepreneurship as a brand new lever for financial sustainability and competitiveness.”
Within the first cycle of this system, 5 Cyprus Seeds groups participated in a digital analysis interview carried out by Vice Chairman of the Board of Administrators, MITEF Greece Vassilis Papakonstantinou, Government Director, MITEF Greece Antigoni Molodanof, and Maria Hadjiyerou (Enterprise Intelligence and Technique, Make investments Cyprus) together with Managing Director of Cyprus Seeds Maria Georgiadou and member of the Board of Cyprus Seeds George Saveriades.
The Groups to obtain the “Make investments Cyprus: Put money into the Commercialization of Entrepreneurship” Award are: (1) AIRMOS: Artificially Clever Actual-Time Drone Monitoring Ways to Safeguard Delicate Services, and (2) DIMEC: Direct In-vivo Monitoring of the Endometrial Cavity.
Profitable groups will attend a five-month accelerator program for start-ups, organized by the distinguished MIT Enterprise Discussion board Greece (MITEF) in Athens. MITEF Greece is an affiliate of the Massachusetts Institute of Know-how (MIT) which helps allow expertise entrepreneurs to quickly remodel concepts into world-changing firms.
Michael P. Michael, Chairman of Make investments Cyprus, was impressed with the standard of the Cyprus Seeds groups. He stated: “We’re delighted to be working with Cyprus Seeds to help a brand new technology of aspiring entrepreneurs and to focus on the robust potential of innovation that exists in Cyprus. Significantly over the previous 12 months, the worth of expertise and the necessity for larger innovation has been acknowledged globally. It is reassuring to see Cyprus on the forefront of a few of this thrilling new expertise and the capability of our entrepreneurs to compete globally.”
The Cyprus Seeds initiative offers grants and one-to-one mentoring mixed with entrepreneurial coaching and networking outdoors Cyprus, aiming to assist analysis tasks mature to a stage the place they will entice enterprise capital and funding from personal traders.
About Make investments Cyprus
Make investments Cyprus (Cyprus Funding Promotion Company) is the funding authority of the Authorities of Cyprus devoted to attracting and facilitating overseas direct funding into the nation. Its mandate is to lift consciousness of Cyprus as a vacation spot for FDI throughout the globe, offering certainty round all elements of working a enterprise in Cyprus and supporting potential traders in growing their enterprise case for funding into the nation. Extra info is obtainable on-line: Investcyprus.org.cy.
About Cyprus Seeds
Cyprus Seeds is a brand new, non-profit initiative to help the commercialization of revolutionary tutorial analysis in Cypriot universities and analysis establishments. Cyprus Seeds offers grants and one-to-one mentoring mixed with entrepreneurial coaching and networking outdoors Cyprus in an effort to assist analysis tasks, mature to a stage that may entice enterprise capital and funding from personal traders. Cyprus Seeds is basically funded by way of the generosity of foundations, firms and people from Cyprus and overseas. Its anchor donors are The Hellenic Initiative (https://www.thehellenicinitiative.org/) and the Leventis Basis (https://www.leventisfoundation.org/).
Extra info is obtainable on-line: www.cyprusseeds.com.