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.

Visit the Website

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Live CY News: Investments & New Ventures

  • Minister: Cyprus will lose over 75% of tourism this year 29 Jul 2020 19:38 The Republic - Indiana NICOSIA, Cyprus — Cyprus doesn’t expect to see this year more than 20%-25% of the record 3.97 million vacationing visitors the Mediterranean island nation welcomed in 2019 because the coronavirus pandemic has so far shut out its key tourist markets, the …
  • Cyta CEO says tech will drive Cyprus economy 29 Jul 2020 08:54 Cyprus Mail Cyta CEO Andreas Neocleous worked in New York and London at financial giant Goldman Sachs and tech supranational Ericsson before coming back to Cyprus. This gives him a unique perspective on how Cyprus, its technology, and its largest telecoms provider …
  • Real estate big money not reaching Cyprus says Paul Nearchou 25 Jul 2020 06:39 Cyprus Mail European real estate investment has become cautious, and is focusing on northern Europe, which it perceives as more stable, explains Paul Nearchou, director of the London-based private equity firm Deutsche Finance International. A Cypriot, Nearchou admits …
  • Cypriot Realty: 7 Benefits of investing in Cyprus 24 Jul 2020 11:50 Newspaper There is a perception that it is very expensive and onerous to realize a Plan B in Europe. In Cyprus – an English-speaking, ex-British colony and full member of the EU – this perception couldn’t be more further from the truth. Cyprus is regarded as one of …
  • Cyprus consumers are more demanding and selective – Hailis of Smart Discount 24 Jul 2020 05:34 Cyprus Mail “Cyprus consumers have become more demanding and selective since the lockdown began,” says Panayiotis Hailis, executive director of Smart Discount Shops since 2005. How has the market changed since lockdown? “It is a fact that since the lockdown many areas …
  • Calls to EU to End South’s Block on Border Crossings 15 Jul 2020 20:14 LGC News Deputy Prime Minister and Foreign Minister – Kudret ÖzersayDeputy Prime Minister and Foreign Minister Kudret Ozersay has sent a letter to the President of the European Commission Ursula von der Leyen and the Secretary General of the United Nations Antonio …
  • New Energy Minister Natasa Pilides sworn in 10 Jul 2020 20:36 Cyprus Daily New Minister of Energy, Commerce and Industry of Cyprus Natasa Pilides assumed duties on Friday, with the promise to work hard to continue the Ministry’s successful course. “I promise to work even harder to continue the successful course of the Ministry …
  • Cyprus Investment Promotion Agency 10 Jul 2020 01:48 The Washington Times ANALYSIS/OPINION: The Cyprus Investment Promotion Agency, a full member of WAIPA, is the National Investment Authority created with the purpose to become the first point of contact with the international business and investor community, promote the …
  • Perdios: UK tourists when country in Group A 09 Jul 2020 21:49 Cyprus Daily     The British tourism market is unlikely to open up as long as the UK is in Group B, which requires arrivals to have tested negative for coronavirus the latest 72 hours before departure, deputy tourism minister Savvas Perdios said on Thursday. Perdios …
  • Moody’s: Payment holidays shield banks in 2020, deterioration very likely in 2021 06 Jul 2020 14:40 Cyprus Daily     The high level of loan payment holiday in Cyprus may shield the banks in 2020 but suggests that asset quality deterioration is “still very likely next year,” rating agency Moody’s has said. In its bi-weekly Credit Outlook issued today, Moody’s said …
  • Cyprus to welcome UK tourists with strings attached 03 Jul 2020 16:18 Breaking News from Ireland Cyprus’ beleaguered tourism sector got some good news after the government announced that travellers from the UK will be allowed entry into the east Mediterranean island nation next month without having to undergo a compulsory 14-day quarantine. But the …
  • Moody’s says Cyprus tourism, construction, services will recover by 2021 03 Jul 2020 14:19 Cyprus Mail The major sectors of Cyprus business are expected to recover within two or three quarters, according to a credit rating report released by Moody’s this week. “Tourism-related construction activity will likely remain below pre-crisis levels over several …
  • Quarantine-free travel from U.K. to Cyprus to start Aug. 1 03 Jul 2020 11:32 Huron Daily Tribune - Michigan Updated 7:16 am EDT, Friday, July 3, 2020 Photo: Petros Karadjias, AP Sunday, May 10, 2020 photo, a lone swimmer wades through the clear waters of 'Konnos' beach in Ayia Napa, a seaside resort that's popular with tourists from Europe and beyond …
  • EU green lights Cyprus scheme to boost air connectivity 02 Jul 2020 19:52 Cyprus Daily   The European Commission has approved a €6.3 m incentives scheme to boost Cyprus’ air connectivity in the wake of the coronavirus pandemic. The decision was quickly welcomed by Transport Minister Yiannis Karousos who said that about 1.1 million passengers …
  • Greek, Cypriot finance ministers upbeat as economies emerge from lockdown 01 Jul 2020 05:51 Cyprus Daily   The Finance Ministers of Cyprus and Greece Constantinos Petrides and Christos Staikouras have sent positive signals over the two economies’ prospects following a successful management of the coronavirus outbreak in their respective countries. Speaking to …

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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.