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: Cyprus GDP growth estimated at 3.7% in Q3 07 Dec 2018 11:10 Financialmirror.com Cyprus & World News Cyprus’ economy expanded by 3.7% in the third quarter, racking up 15 quarters of consecutive growth, official data showed Friday. This is an upward 0.1% upward revision from the flash estimate issued last month. Compared with the …
  • EastMed agreement ‘expected to be signed in early 2019’ 04 Dec 2018 18:52 Cyprus Mail Greece, Italy, Cyprus and Israel are drafting an intergovernmental agreement on the EastMed pipeline with the aim of signing it in the first quarter of 2019, Greece’s Energy Minister Giorgos Stathakis said on Tuesday. In an address to the 6th Energy …
  • Our view: Estia scheme in keeping with short-sighted populism 04 Dec 2018 04:14 Cyprus Mail THE EUROPEAN Commission may have ruled that the controversial Estia scheme to assist strategic defaulters with the repayment of their loans was not a state subsidy and could therefore go ahead, but just last it week it described it as a moral hazard. This …
  • CYPRUS: Trouble in Olivewood as film scheme fails to start rolling 29 Nov 2018 17:26 Financialmirror.com Efforts to promote Cyprus as a filming location, dubbed Olivewood, has hit a brick wall as a law offering reimbursements and tax incentives to entice film companies was sent back to parliament by President Nicos Anastasiades. The bill was approved by MPs …
  • Anastasiades Says His Tough Decisions Saved Cyprus’ Economy, Banks 29 Nov 2018 14:16 National Herald By TNH Staff November 29, 2018 FILE - Cyprian President Nicos Anastasiades closes his jacket when arriving at the informal EU summit in Salzburg, Austria, Wednesday, Sept. 19, 2018. (AP Photo/Kerstin Joensson) Without mentioning he authorized seizing …
  • CYPRUS: RCB Bank agrees on new five-year strategy 28 Nov 2018 16:40 Financialmirror.com The Board of RCB Bank has approved a new five-year strategy for 2019-2023, which aims at operational excellence, innovation and organic growth. The Bank said it will continue its’ path of successful development as one of the major Cypriot financial …
  • CYPRUS: Bureaucracy is the economy\\\'s biggest problem says President 28 Nov 2018 09:46 Financialmirror.com Cyprus made difficult and costly decisions to put the economy back on track but red tape remains one of the country’s biggest problems, President Nicos Anastasiades said. Addressing the Invest Cyprus Annual General Meeting, Anastasiades recalled that five …
  • CYPRUS: ESTIA scheme is fast-track ticket out of NPL crisis 25 Nov 2018 16:22 Financialmirror.com As Cyprus banks looking for ways to further reduce their NPL portfolios, the ESTIA scheme for mortgage defaulters seems to be offering them an express ticket out of the toxic loans crisis. The government scheme aimed to help distressed borrowers from …
  • CYPRUS: DBRS in double upgrade to investment grade on NPL control, strong growth 24 Nov 2018 13:57 Financialmirror.com DBRS Ratings Limited has given the Cyprus sovereign a double rating upgrade, pushing it up to investment grade, driven by the banks’ effective downscaling of non-performing loans, the ‘orderly’ liquidation of the Co-operative bank and solid performance of …
  • DBRS upgrades Cyprus’ economy to investment grade 24 Nov 2018 11:16 Cyprus Daily DBRS has become the third ratings agency after  Standard and Poor’s and Fitch to upgrade the Republic of Cyprus to investment grade. On Friday night, the agency upgraded the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings from BB …
  • CYPRUS: President presents his reform vision based on e-governance, justice and health 22 Nov 2018 09:55 Financialmirror.com President Nicos Anastasiades has presented his vision for a new model Cyprus economy with 14 key reforms, through which the government hopes to shape the future of the country.  Addressing the 91st Annual General Assembly of the Cyprus Chamber of Commerce …
  • ECONOMY: Cyprus most exposed to high household debt risks says Moody's 20 Nov 2018 16:15 Financialmirror.com Among highly indebted European sovereigns, Cyprus is most exposed to credit risks related to high household debt because it has a small economy, weak banking sector, and very elevated public and private debt levels, a Moody's report said on Tuesday. …
  • Anastasiades presidency: a legacy of cronyism and deception 18 Nov 2018 03:06 Cyprus Mail By Savvakis Savvides When, and if, history ever bothers to concern itself with the legacy of the Anastasiades government in Cyprus it should title the chapter as the ‘The Era of Deception’. If there is one single pattern emerging from the six years or so …
  • ECONOMY: Cyprus GDP growth estimated at 3.6% in Q3 14 Nov 2018 12:20 Financialmirror.com Business & Economy Cyprus’ economy expanded by 3.6% in three-month period August-October, racking up 15 quarters of consecutive growth, official data showed Wednesday. Compared with the previous quarter, GDP grew by 0.7% in Q3 2018 compared with 1.1% …
  • FINANCE: Fund Management the way ahead for the Cyprus economy 12 Nov 2018 16:52 Financialmirror.com Fund Management is part of a “new era” for the Cypriot economy, as the industry is showing significant growth since the 2013 financial meltdown, Finance Minister Harris Georgiades said.  “I am delighted to note, that Fund Management, is part of this new …

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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.