CYPRUS REALIZED

A PLATFORM FOR INGENUITY

An evolving hub for
technology & innovation.

What started as an event to introduce Cypriot entrepreneurs to the US investment community, has turned into an ongoing initiative to help establish Cyprus as a legitimate source of technology and innovation ventures. The focus will remain on companies with differentiated value propositions that can compete and scale in the US.


 

CYPRUS REALIZED

A PLATFORM FOR INGENUITY

An evolving hub for
technology & innovation.

What started as an event to introduce Cypriot entrepreneurs to the US investment community, has turned into an ongoing initiative to help establish Cyprus as a legitimate source of technology and innovation ventures. The focus will remain on companies with differentiated value propositions that can compete and scale in the US.


 

View a special report of the investor event by Elena Maroulleti of AKTINA TV in NY

Meet the Cypriot companies that recently participated in the investor event in NYC.

COPRIME
Founded in 2015 as a SaaS business applications development company, Coprime has made their mobile business to business application for the wholesale sale-force their flagship product. It seamlessly and efficiently helps facilitate real time mobile ordering, cataloguing, shipping, billing, tracking, as well as servicing and customer follow-up.  The product’s mobility and clean design help speed up the commerce process, increase business productivity, and ensure customer satisfaction and repeat business. Within three short years, Coprime has become one of the top three leaders in the Cypriot market with now 70 clients, including a recently picked up UK based client. Coprime is prepping for their entry into the US market, soon to be realized.

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NanoWeld
While initially developed for carbon fabrics, NanoWeld takes a stronger and lighter approach to carbon fiber construction that can benefit any textile. Compared to conventional carbon fiber, NanoWeld has an increase of 30% in improved tensile strength, 300% improved fracture toughness, and 30% weight savings for structural applications. These spectacular properties come from effective nanotechnology insertion and efficient consolidation with current textiles. This superior textile is produced in-house but can also be offered adjustable to any production line, leaving its applications vast and major with serious profits. NanoWeld looks to hold 10% of the initial carbon fiber production market within five years.

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NIPD Genetics
Nicosia based NIPD Genetics was founded in 2010 as a spin-off from the Cyprus Institute of Neurology and Genetics. They have since revolutionized the design, development, and manufacturing of vitro diagnostic services for non-invasive genetic testing. Employed in more than 20 countries, theirinnovative test for the detection of aneuploidies of chromosomes 21, 18, 13, X and Y, and microdeletions is not only more effective and accurate than other commonly practiced tests, it removes both the discomfort of these procedures and the chance for loss of pregnancy. Using a proprietary technology called “target capture enrichment technology” NIPD Genetics has seen success in the sale of services and technology transfer, and are looking to expand in the development and provision of new products in other areas of genetic diagnostics.

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PROTOIO
PROTOIO Inc. is a SaaS-based company whose flagship product, Proto.io, has pioneered mobile application prototyping. Proto.io enables businesses to test and validate their app ideas early and cost-efficiently by creating realistic prototypes before starting development. Going beyond traditional wireframes and mockups, it is a remarkably versatile tool suitable for all types of digital products. Already reaching more than 600K subscribers, including multiple Fortune 500 brands, PROTOIO is using their success to branch out Overflow, a recently announced new application tailored for designers and user flow diagramming. Expansion is on the horizon as PROTOIO wants to broaden their team internationally and localize their product to other markets.

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Stagedoor
With offices in both London and Cyprus, Stagedoor has become the premier application for London theater fans. An aggregation of in-depth information on all shows in the scene, booking, and user and critic reviews, this mobile application has already received over 22K downloads. The team has partnered with most of London’s venues and five of its biggest festivals, boasting a well designed interface from a team of both tech entrepreneurs and theater industry professionals. While currently creating revenue through customer acquisition and ticket sales commission, Stagedoor is moving towards an additional subscription service with professional profiles that can access the app’s acquired data. An expansion to New York is the immediate path, creating a bigger marketing platform and helping venues and theater makers reach the right audience.

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Live CY News: Investments & New Ventures

  • Economy grows 3.9 per cent in Q2 – flash estimate 14 Aug 2018 13:02 Cyprus Mail Cyprus’ economy grew 3.9 per cent year-on-year in the second quarter of the year, according to a flash estimate published by the statistical service on Tuesday. Based on seasonally and working day adjusted data, GDP the growth rate in real terms is …
  • Cyprus economy grows by 3.9% in second quarter of 2018 14 Aug 2018 11:09 Cyprus Daily According to the Flash Estimate compiled by the Statistical Service, the GDP growth rate in real terms during the second quarter of 2018 is estimated at +3.9% over the corresponding quarter of 2017, the Finance Ministry said on Tuesday. Based on …
  • ECONOMY: Tariff War could disrupt Cyprus shipping 13 Aug 2018 06:57 Financialmirror.com Cyprus’ shipping industry is concerned over an escalation of a ‘trade war’ between the USA and China but feel it is in a robust position to weather the storm. With the tariff war threatening to make waves in Cyprus shipping, stakeholders have urged both …
  • CYPRUS: Supermarket chains looking to expand as demand grows 07 Aug 2018 10:17 Financialmirror.com Cyprus & World News A number of new supermarkets are expected to open across the island in the coming months as consumer demand and purchasing power is back on the rise following the recession. Existing supermarket chains are looking for a bigger …
  • ‘Shocked by Co-op’s fate, other banks may now act’ 29 Jul 2018 16:55 Cyprus Mail By Stelios Orphanides THE supervisory decision to go hard on the Co-op, ultimately leading to the bank going out of business, may prompt other banks to deal with their non-performing loans faster and more decisively to avoid a similar fate, an academic …
  • Government: Moody’s upgrade important for Cyprus economy and its prospect 28 Jul 2018 13:49 Cyprus Daily Government Spokesman Prodromos Prodromou said on Saturday that upgrades of the economy by international rating agencies are always important for the Cypriot economy and its prospects. He was commenting on Moody’s upgrade of Cyprus rating to Ba2 from Ba3 …
  • Register set up for passport scheme advisors 27 Jul 2018 08:25 Cyprus Daily As from the end of the month only registered service providers will be able to submit applications under Cyprus’ citizenship for investment scheme, Phileleftheros reported on Friday. It said that the Council of Ministers had decided to set up the special …
  • Fin Min: Government remains committed to balanced budgets 20 Jul 2018 14:05 Cyprus Daily The government remains committed to a balanced budget, Finance Minister Harris Georgiades said on Friday during a meeting with the Fiscal Council. The latter’s president Demetris  Georgiades expressed concern over the impact of the state payroll and the …
  • Invest Cyprus promotes start-up visa programme in Asia 16 Jul 2018 12:56 Cyprus Mail The Cyprus Investment Promotion Agency (Cipa) presented the Cyprus start-up visa programme at the largest start-up conference in Asia in July, promoting Cyprus as an attractive destination for start-ups in Asia. The  programme allows talented …
  • BANKING: Moodys sees Bank of Cyprus UK sale as credit positive 16 Jul 2018 09:34 Financialmirror.com Rating agency Moody’s welcomes the sale of Bank of Cyprus’ UK subsidiary for €117 mln as credit positive, with the lender in a better position to focus on reducing its high stock of problem loans. Bank of Cyprus announced last week it had agreed to sell …
  • Moody’s says sale of Bank of Cyprus UK is credit positive 16 Jul 2018 08:40 Cyprus Daily Moody’s has described the sale of Bank of Cyprus subsidiary, Bank of Cyprus UK, as credit positive, noting that the sale would place Bank of Cyprus in better position to focus on reducing its domestic high stock of problems loans. Bank of Cyprus announced …
  • Update: House gives green light to deputy ministry for tourism, government welcomes vote 10 Jul 2018 13:41 Cyprus Daily The House of  Representatives on Tuesday approved the establishment of a deputy ministry of tourism, satisfying a longstanding demand of tourism stakeholders. Only AKEL and the Greens voted against the bill. Under the bill, approved by 32 votes to 17, the …
  • Greek Cypriots Don’t Support Green Line Regulation 10 Jul 2018 07:38 LGC News Chairman of the Turkish Cypriot Chamber of Commerce (KTTO) Turgay Deniz, spoke to TAK news agency regarding the Green Line Regulation. With the Green Line Regulation imposed by the EU in 2004 in order to help develop the North Cyprus economy until a …
  • Award ceremony for top foreign investors 20 Jun 2018 17:08 Cyprus Mail Six foreign investors were acknowledged for their contribution to the economy during this year’s Cyprus Investment Promotion Agency (Invest Cyprus) awards, while a seventh was given an honorary award. The awards ceremony was held in Nicosia on Tuesday …
  • President: Cyprus committed to improving business environment 20 Jun 2018 08:25 Cyprus Daily   President Nicos Anastasiades has assured that the government’s plan is to continuously improve the country’s business environment so as to reinforce the position of Cyprus as a competitive, innovative, stable and fully transparent destination for …

Partners



Chrysalis Leap

Chrysalis LEAP is a Cleantech Accelerator based in Cyprus, with 5+ years of operation and numerous successful initiatives in a very exciting and innovative space. Since their kickoff back in 2013, they have become the leading Cleantech resource for entrepreneurs in Cyprus. Even more importantly, their initiatives and partnerships expand across other parts of Europe through partnerships such as with Climate-KIC an arm of the European Institute of Innovation and Technology. Most recently, Chrysalis LEAP organized the world’s largest green business idea competition, with more than 500 delegates from 36 countries in Cyprus.