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 Joins Race to Bring Filmmakers for Shooting 17 Feb 2019 13:06 National Herald By TNH Staff February 17, 2019 (AP Photo/Petros Karadjias, FILE) With Greece shaking off its reputation for being unfriendly to film makers and now wooing them, Cyprus too is trying to recruit producers and movies to shoot on the island, citing it is a …
  • Minister: Shipping Companies’ Move to Cyprus Proof of Appeal 16 Feb 2019 09:02 National Herald By Associated Press February 16, 2019 (AP Photo/Petros Karadjias, FILE) NICOSIA (AP) — Cyprus’ deputy minister for shipping says the number of companies setting up headquarters in the small east Mediterranean island nation has nearly doubled in the …
  • New power plant beneficial for Cyprus economy, President says 15 Feb 2019 20:49 Cyprus Daily President Nicos Anastasiades, who together with Archbishop of Cyprus Chrysostomos laid on Friday the foundation stone for a new power plant in Vassiliko, Limassol District, has said  that the plant will signal a new era for energy in the country which will …
  • ECONOMY: Cyprus GDP grew by 3.9% in Q4 2018 14 Feb 2019 13:37 Financialmirror.com Business & Economy Cyprus’ economy expanded by 3.9% GDP in the fourth quarter of 2018 on an annual basis, racking up 16 quarters of consecutive growth, official data showed Thursday. Compared with the previous quarter, GDP grew by 1.1% in Q4 2018, up …
  • CYPRUS: Growth to slow in 2019-2020, as EU moderates amid global uncertainties 08 Feb 2019 11:00 Financialmirror.com The growth rate of the Cyprus economy is expected to slow down over the next two years, despite enjoying near-4% levels of increase in the gross domestic product (GDP), according to the latest European Commission Winter 2019 Economic Forecast. This is also …
  • GDP expected to grow by over 3% this year 07 Feb 2019 13:36 Cyprus Mail Cyprus’ GDP growth is expected to reach 3.8% in 2018 following 4.2% in 2017, according to the winter interim economic forecast issued on Thursday by the European Commission. According to the forecast, GDP growth is expected to reach 3.3% in 2019 and 2.7% …
  • Cyprus Economic Society: Clouds gathering over the economy 02 Feb 2019 15:04 Cyprus Daily Risks, driven by world economy deceleration, Brexit as well as Cyprus’ domestic challenges are clouding the medium-term outlook of the Cypriot economy, an economic conference has heard. All panelists in the Cyprus Economic Society conference titled “The …
  • CYPRUS: Economy to grow in 2019 but at a slower rate of 3.1% GDP 31 Jan 2019 14:44 Financialmirror.com The Cypriot economy is forecasted to continue to grow at robust rates in 2019, albeit at a somewhat slower pace compared to 2018, according to University of Cyprus economists. In 2018, real GDP is estimated to have increased by 3.8% while this year growth …
  • ‘We need transparent rules for all on EU citizenship’ 28 Jan 2019 11:00 Cyprus Mail The European Commission has established an expert group to consider how to create fully transparent rules on the granting of EU citizenship by member states in order to avoid tax evasion, money laundering or security threats, European Commission Vice …
  • S. Perdios: Cooperation with Melco in establishing Europe’s biggest casino resort 26 Jan 2019 12:52 Cyprus Daily Deputy Minister of Tourism Savvas Perdios referred to the importance of establishing Europe’s biggest casino resort for Cyprus’ tourism product, during a visit to Cyprus Casinos “C2” Nicosia, last Thursday. The newly appointed Deputy Minister of Tourism …
  • Casino important to Cyprus’ tourism product says minister 26 Jan 2019 11:24 Cyprus Mail The establishment of Europe’s biggest casino resort is of great importance to Cyprus’ tourism product, deputy minister for tourism Savvas Perdios said. According to an announcement by Melco, the operating and managing company of the City of Dreams …
  • Damning report on golden visas ‘inaccurate’ 26 Jan 2019 04:31 Cyprus Mail A damning European Commission report regarding the island’s citizenship-by-investment programme did not portray an accurate picture as it failed to take into account the changes made by the government last year, officials said on Friday. “The report did …
  • LEISURE: Cyprus & Melco reaffirm goal to establish island as a must-visit destination 25 Jan 2019 18:33 Financialmirror.com Business & Economy Newly appointed Minister of Tourism was welcomed by Lawrence Ho CEO of Melco Group, to Cyprus Casinos Nicosia where they exchanged views on the new strategy for tourism and Melco’s main objectives for the City of Dreams Mediterranean …
  • CYPRUS: Moody's upgrades Bank of Cyprus, Hellenic deposit ratings, positive outlook 25 Jan 2019 08:23 Financialmirror.com Moody's Investors Service has upgraded Bank of Cyprus and Hellenic Bank's long-term deposit ratings from Caa1 to B3, and their long-term Counterparty Risk Ratings (CRRs) to B1 from B2, with the outlook on both banks' long-term deposit ratings …
  • Naturalisation accounts for almost half of foreign investment 22 Jan 2019 19:02 Cyprus Mail Foreign direct investment (FDI) into Cyprus from 2014 to 2017 came to approximately €9.2bn, of which €4.8bn derived from the various naturalisation schemes, the commerce ministry has stated. It was responding to a formal question put by Greens MP George …

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.