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

  • ‘Cypriot economy out of 2013 cardiac arrest’ 22 Sep 2018 16:09 Cyprus Mail Cyprus’ economy has come out of the 2013 “cardiac arrest” and posted four years of growth, Bank of Cyprus CEO John Patrick Hourican said in an interview with Bloomberg television on Friday night, a statement echoed both by the Hellenic Bank CEO Ioannis …
  • Demand for second passports on the rise 16 Sep 2018 20:43 Gulf News Top countries for UAE expats applying for second passports are Dominica, Saint KittsA traveller presents her passport at an airport check-in counter. Analysts say wealthy buyers of second passports are looking for security and peace of mind in case of any …
  • ECONOMY: Cyprus launches Scheme to promote local film industry 12 Sep 2018 07:36 Financialmirror.com Cyprus & World News The Cyprus Investment Promotion Industry (Invest Cyprus) has launched a scheme to promote the local film industry, through an online platform (film.investcyprus.org.cy) to inform interested parties who apply for a cash rebates and …
  • Scheme to promote film industry launched 12 Sep 2018 07:17 Cyprus Daily A scheme to promote the film industry entered into force with the creation of the Online Platform ‘Film in Cyprus’ (film.investcyprus.org.cy), providing information and enabling interested parties to submit an application to participate. The Platform was …
  • Scheme for promotion of film industry now in force 11 Sep 2018 17:42 Cyprus Mail The government scheme for the promotion of the film industry has now been implemented, Invest Cyprus announced on Tuesday. Those interested should visit the online platform Film in Cyprus (film.investcyprus.org.cy), through which they can get information …
  • ECONOMY: Cyprus GDP growth rate confirmed at 3.9% for Q2 11 Sep 2018 08:25 Financialmirror.com Cyprus & World News Cyprus’ economy expanded by 3.9% in three-month period May-July, racking up fourteen quarters of consecutive growth. Compared with the previous quarter of 2018, GDP expanded by 0.8% compared with 1.0% in Q1, while based on …
  • Cyprus economy grows by 3.9% in 2nd quarter 2018 10 Sep 2018 15:59 Cyprus Daily Cyprus’ GDP grew by an estimated 3.9% in the second quarter of 2018 compared to the corresponding quarter the previous year, Cystat said on Monday, It said the increase is mainly attributed to the sectors: “Hotels and Restaurants”, “Retail and Wholesale …
  • These 5 small nations are bigger players in blockchain than you may have guessed 27 Aug 2018 10:56 Cyprus Mail Blockchain technology has gone through a considerable evolution since it was first founded in 2008 by anonymous developer Satoshi Nakamoto. While much skepticism remains around this still nascent technology, it has validated itself as an effective means …
  • Cyprus Carreta Festival Opens Today 23 Aug 2018 22:01 LGC News Despite the downturn in the North Cyprus economy, it’s not all doom and gloom. In celebration of 25 years of the Society for the Protection of Turtles (Spot), the Cyprus Carreeta Festival will feature live music, daytime activities and competitions at …
  • 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 …

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.