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

  • Cyprus and China aim to strengthen business ties 12 Nov 2019 10:08 Cyprus Mail The comparative advantages of Cyprus as an investment and tourist destination as well as a financial, business and maritime hub, the fact it is an EU member its geostrategic were promoted during a China-Cyprus Business Forum in Guangzhou, China. The forum …
  • The passport sales that boosted construction are now in decline 10 Nov 2019 13:57 Cyprus Mail By Les Manison In the period 2003-2008, the Cyprus economy experienced a bank-financed construction/property boom which contributed significantly to the subsequent financial crisis of 2012/2013. And in the post-crisis period from 2014 onward the …
  • Asylum seekers: an unrecognised gift 10 Nov 2019 02:26 Cyprus Mail In its central position in the Eastern Mediterranean, and by virtue of its EU member state status, Cyprus is likely to encounter more immigration in the form of asylum seekers in years to come. In this letter, I wish to argue that a negative can …
  • Tales from the Coffeeshop: When Averof Hood went after the banks 10 Nov 2019 02:26 Cyprus Mail ALTHOUGH the assault on the banks began at the legislature on Wednesday, the main offensive was launched on Friday by Disy chief Averof Neophytou in the role of supreme commander of the forces fighting for our impoverished grandfathers and grandmothers who …
  • Profile Software sponsors the 5th International Funds Summit in Cyprus 08 Nov 2019 05:59 Bob's Guide Profile Software, an international financial solutions provider, announced today its participation once again as a Silver Sponsor in the 5th International Funds Summit taking place on 10-12 November 2019 in Nicosia, Cyprus aiming to discuss and present its …
  • Immediate revocation of citizenships ‘not that easy’, Petrides said 07 Nov 2019 19:10 Cyprus Mail INTERIOR Minister Constantinos Petrides on Thursday said it was not possible to immediately revoke the 26 citizenships granted as part of the country’s investment scheme since the government needs to thoroughly back its decision before enforcing it. The …
  • ESM begins assessment on Cyprus’ IMF early repayment waiver 06 Nov 2019 08:07 Cyprus Daily The European Stability Mechanism (ESM) will begin its assessment over Cyprus intention to repay the remainder of its loan to the International Monetary Fund amounting to over €700 million, the ESM Managing Director Klaus Regling has said. In its budget for …
  • High debt, NPLs could magnify any external shocks to Cyprus economy, experts say 05 Nov 2019 17:53 Cyprus Mail Economic experts on Tuesday debated whether the recovering Cyprus economy was ready to weather any external shocks after putting its house in order for the most part since 2013 and keeping up the pressure with reminders of the high rate of non-performing …
  • Falling short of energy expectations 03 Nov 2019 18:36 Cyprus Mail Importing LNG was never going to be enough to meet climate targets By Charles Ellinas NOVEMBER 1 marked the start of public consultation for the finalization of Cyprus Energy and Climate Plan to 2030. But sadly, given the serious importance of this Plan to …
  • Saudi bin Mahfouz family dismisses allegations of favouritism by Cyprus President 31 Oct 2019 18:52 Cyprus Daily The prominent Saudi bin Mahfouz family has dismissed as ‘unfounded’ allegations that it has been favoured or benefited in any unlawful or non-transparent way from the Cyprus President. A press release issued on Wednesday by the law firm in Cyprus …
  • Anxious Over UK Leaving EU, Cyprus Eyes SE Asia for Investors 25 Oct 2019 14:21 National Herald By TNH Staff October 25, 2019 Flags of Anti Brexit protestors fly in front of parliament in London, Wednesday, Oct. 23, 2019. (AP Photo/Frank Augstein) A former colony of the United Kingdom, which is up in the air about when – or if – it will leave the …
  • Cyprus goes to Hollywood for Olivewood 24 Oct 2019 08:19 Cyprus Daily Invest Cyprus delegates will be in California on November 9 to promote the Mediterranean island as an attractive destination for audiovisual productions at the American Film Market taking place there. The delegates will have the opportunity to acquaint …
  • Chief scientist refuses to stay in his comfort zone 23 Oct 2019 08:35 Cyprus Mail The island’s Chief Scientist is tasked with making people think outside the box. THEO PANAYIDES meets a busy, vital, high-achieving family man Everything about Kyriacos Kokkinos is clear and easily intelligible, except his job. ‘Chief Scientist for …
  • New horizons for Cyprus shipping 20 Oct 2019 01:17 Cyprus Mail By Constantinos Katchamis The economic contribution of the shipping industry to the economy of Cyprus is significant, and the government is well aware Cyprus has distinguished itself by achieving remarkable international ranking and recognition far beyond …
  • Cyprus economy still maintains enough negative indicators 17 Oct 2019 07:06 Cyprus Daily Cyprus is the 44th most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. But even though it has managed to maintain the same rank as last year, the …

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.