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

  • Recap on day one of CGS 2019 22 May 2019 12:13 Calvinayre The two-day Cyprus Gaming Show (CGS) opened today at the Hilton Cyprus in Nicosia, capital of Cyprus. The event kicked off with a warm welcome from the chairperson, David Schollenberger, Director, Policy and Compliance of Cyprus National Gaming & …
  • FINANCE: DBRS confirms Cyprus economy stable but risks remain 18 May 2019 09:35 Financialmirror.com Business & Economy Canadian rating agency DBRS confirmed Cyprus’s Long-Term Foreign and Local Currency at BBB (low) with a stable trend. “The confirmation of the stable trend reflects DBRS’s view that while the Cypriot economy continues to perform …
  • Deputy Ministry for Research and Innovation on its way 17 May 2019 07:07 Cyprus Daily The 2019-2023 National Strategic Framework on Research and Innovation consisting of nine pillars were presented at an event last night in the presence of Cyprus President Nicos Anastasiades. The President sent the message that Cyprus aims to become a …
  • ECONOMY: Cyprus GDP grew by 3.5% in Q1 2019 15 May 2019 13:28 Financialmirror.com Business & Economy Cyprus’ economy expanded by 3.5% in the first quarter of 2019 on an annual basis, racking up 17 quarters of consecutive growth, official data showed Wednesday. Compared with the previous quarter, GDP grew by 0.9% in Q1 2019, the same …
  • CIFA joins the International Investment Funds Association 15 May 2019 13:12 Cyprus Daily The Cypriot investment funds sector gained a significant position on the international investment map after the Cyprus Investment Funds Association (CIFA) was accepted as a full member of the International Investment Funds Association (IIFA). It has been a …
  • Cyprus economy grew by 3.4% in 1Q 2019 15 May 2019 13:12 Cyprus Daily The economy of Cyprus grew by 3.4% in the first quarter of 2019, according to a flash estimate of the Statistical Service. “The GDP growth rate in real terms during the first quarter of 2019 is positive and is estimated at +3.4% over the corresponding …
  • Protesters seek to stop Britons from buying properties in Cyprus 11 May 2019 15:18 Cyprus Mail   A protest aimed at warning the British public not to buy properties in Cyprus took place on Saturday outside a major property exhibition in London. A small group of people who had bought property in Cyprus gathered outside the Olympia in London where A …
  • Cyprus IT Forum 2019: One of Cyprus’ major IT conventions takes place in Limassol for the second consecutive year 10 May 2019 15:57 Cyprus Mail For the second consecutive year, one of the major IT conventions in Cyprus, the Cyprus IT Forum 2019, will take place at Parklane Hotel in Limassol on May 20th and 21st 2019, which attracts more than 300 participants every year, who consist the elite of …
  • Future enthusiasts gather in Limassol (Updated) 09 May 2019 20:19 Cyprus Mail Artificial intelligence (AI) is not just coming, it’s already here around 1,000 attendees at the Reflect Festival, the largest two-day future casting festival between Southern Europe and the Middle East, heard on Thursday at the opening in Limassol. …
  • InvestCyprus showcases Cyprus’ advantages on investment funds and headquartering 08 May 2019 08:39 Cyprus Daily Cyprus’ comparative advantages in the fields of investment funds and international headquartering were highlighted during a conference titled “The Cyprus Headquartering and Funds Summit Tel Aviv,” organized by Invest Cyprus, the Cyprus Investment Promotion …
  • EC forecasts strong growth momentum for Cyprus, fears about public wages, GHS cost 07 May 2019 23:08 Cyprus Daily Cyprus’ economic growth is expected to remain strong, driven by domestic demand, but downside risks are on the rise, according to the European Commission`s Spring Economic Forecasts, which were discussed today at the College of Commissioners and presented …
  • CYPRUS: Economic sentiment improved in April to stem recent decline 06 May 2019 12:42 Financialmirror.com Business & Economy Economic Sentiment improved in April for the first time this year due to stronger business confidence in the services sector along with a milder upswing in industry and among consumers, the University of Cyprus Economic Research …
  • Venture capital conference being hosted in Limassol 02 May 2019 21:01 Cyprus Mail An event dedicated to Venture capital in the South Eastern Mediterranean with a focus on Cyprus, organised by 0100 Conferences, will take place at the Carob Mill venue in Limassol on May 9. The event, sponsored by Elias Neocleous & Co LLC, KPMG and in …
  • CYPRUS: Investment of Cypriot-owned businesses in Egypt reaches USD 400 mln 02 May 2019 08:35 Financialmirror.com Business & Economy Companies linked to Cypriot interests operating in Egypt is deemed significant, since, according to reports, their investments amount to $400 mln. These investments originate from 224 companies linked to Cypriot interests, which are …
  • Investment of Cypriot-owned businesses in Egypt reaches USD400 mln 01 May 2019 14:30 Cyprus Mail The presence of companies linked to Cypriot interests in Egypt is deemed as particularly important, since, according to reports in the local financial press, their investments are said to amount to 400 mln US dollars. These investments originate from 224 …

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.