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.

Visit the Website

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.

Visit the Website

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.

Visit the Website

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.

Visit the Website

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.

Visit the Website

Live CY News: Investments & New Ventures

  • Three recognised for contribution to Cyprus 04 Sep 2019 00:09 Cyprus Mail President Nicos Anastasiades on Tuesday awarded Medals of Excellence for Service to the Republic to three prominent men as a sign of recognition and appreciation for their valuable contribution to the country. Anastasiades said that Dr Andreas Pittas, …
  • ‘A long spiral of going down’ 03 Sep 2019 04:15 Morning Journal News ODESSA, Texas — The gunman in a West Texas rampage “was on a long spiral of going down” and had been fired from his oil services job the morning he killed seven people, calling 911 both before and after the shooting began, authorities said Monday. Officers …
  • Cyprus repays remainder of Russian loan 2 years early 02 Sep 2019 18:26 The Seattle Times NICOSIA, Cyprus (AP) — Cyprus’ finance minister says the east Mediterranean island nation has repaid ahead of schedule the remaining 1.58 billion euros ($1.73 billion) of a 2.5 billion euro ($2.74 billion) loan it received from Russia in 2011 amid a …
  • Cyprus runs the risk of being trapped into an expensive undertaking with gas deal 01 Sep 2019 15:30 Cyprus Mail DEFA announced on 23 August its decision to award the tender for the construction of an LNG import terminal at Vasilikos. This will comprise a floating storage regasification unit (FSRU), a jetty for the mooring of the FSRU, pipelines, port and other …
  • Hong Kong crisis could pave the way for investments in Cyprus 28 Aug 2019 04:59 Cyprus Daily As often-violent protests in Hong Kong continue for weeks, Cypriot entrepreneurs are getting ready to take advantage of the extreme nervousness among foreign investors who could consider the Mediterranean island as an alternative business centre. That’s …
  • Tales from the coffeeshop: Projecting the whole truth and not the pseudo truth 25 Aug 2019 03:30 Cyprus Mail “THE MAN was being treated in a pseudo-hospital,” reported a radio news bulletin of our state broadcaster Rik, in reference to some story it was reporting. A person who heard it could not believe the stupidity of the term and posted it on Facebook, …
  • Scope affirms Cyprus’ credit rating of BBB- with stable outlook 24 Aug 2019 16:19 Cyprus Daily Scope Ratings affirmed on Friday the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable. …
  • Message to underemployed graduates: get out of Cyprus 18 Aug 2019 12:00 Cyprus Mail The article “Welcome to the gig economy” (Sunday Mail, August 4) raises some interesting questions regarding the attitude of Cypriot nationals who are university graduates and those Cypriots intending to attend university. I imagine that the numbers of …
  • Autumn economy forecasts clouded by legislative amendments  15 Aug 2019 07:22 Cyprus Daily Autumn could bring negative rating pressure on the Cyprus economy if recent legislative actions in the banking sector failed to significantly reduce non-performing loans (NPLs) which now stand at 30%. This clear message by four major credit rating agencies …
  • The Cyprus economy’s growth remains strong, says Finance Minister 14 Aug 2019 17:13 Cyprus Daily The growth of the Cyprus economy remains strong, said Finance Minister Haris Georghiades, noting however that there are still weaknesses and risks both inland and from external sources. In a written statement, Georghiades said the “growth of the Cyprus …
  • Our MP’s will never learn 05 Aug 2019 10:32 Cyprus Mail Share0 This article should be printed in a large typeface and pasted on the office wall of every MP and would-be politician. The banks could distribute copies to every defaulter to show that it is they who are helping to ruin Cyprus’ economy. B People were …
  • Inequalities and the plight of the younger generation 04 Aug 2019 14:22 Cyprus Mail By Les Manison Over the last decade younger persons in many countries, unlike their parents, have faced increasing difficulties in securing well-paid jobs and in affording decent housing. Economists have characterised these problems as reflecting inter- …
  • News podcast: Cyprus lags behind in competitiveness according to Competitiveness Council 02 Aug 2019 08:09 Cyprus Mail Share1 Finance Minister Harris Georgiades (right) with Council chairman Takis Klerides (PIO) The Cyprus News Digest, in collaboration with the Cyprus Mail, brings you an in-depth analysis of some of the latest developments in local and international – in …
  • Filmmakers move from Hollywood to ‘Olivewood’ 30 Jul 2019 03:09 Shanghai Daily Watch out Hollywood and Bollywood, the eastern Mediterranean island of Cyprus, long a magnet for tourists, wants a piece of the action: Enter “Olivewood†and Nicolas Cage. The American actor is starring in a multimillion-dollar sci-fi martial arts movie …
  • Cyprus economy benefits from increased foreign currency 25 Jul 2019 04:39 Cyprus Daily Tourist expenditure over the first months of 2019 appears to be steady or even on the decline but JCC data on the use of foreign cards in Cyprus presents a different story. Specifically, Cyprus Statistics Service (CYSTAT) data shows tourist expenditure …

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.