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

  • 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 …
  • By end of 2018, Cyprus will have recovered lost economic ground, Georgiades says 12 Nov 2018 11:48 Cyprus Mail   By the end of 2018, the Cyprus economy will have grown by 16 per cent of GDP, which more than covers lost ground, and if all goes well, growth is expected to remain above 3 per cent annually for the next three years, Finance Minister Harris Georgiades …
  • CYPRUS: Revenue from ship management climbs to a five-year high 02 Nov 2018 09:28 Financialmirror.com Cyprus & World News Revenue generated by the Cyprus ship management industry in the first half of 2018 amounted to €506 mln, or 5.1% of GDP, the highest level since 2013. Income increased by €30 mln in H1 on the same period of 2017. According to the …
  • CYPRUS: Construction bubble denied as economy rumbles on 29 Oct 2018 14:59 Financialmirror.com Finance Minister Harris Georgiades rejected claims the economy was overheating, spurred by a construction bubble in luxury properties. In presenting his budget to a parliamentary committee on Monday, Georgiades said the economy “presented all the opposite …
  • There is no economic bubble, Finance Minister says 29 Oct 2018 14:55 Cyprus Daily Cyprus economy growth rate is expected to exceed 3% in the next three years, Minister of Finance Harris Georgiades told the members of the House Committee on Financial and Budgetary Affairs on Monday. He stressed that the State from now on needs to focus …
  • FINANCE: Cyprus moves ahead with fintech strategy in Singapore deal 26 Oct 2018 15:31 Financialmirror.com Invest Cyprus, the government’s investment arm seeking foreign partners, has signed a memorandum of understating to help develop Cyprus into a digital finance and blockchain technologies hub. The MoU, signed with VeChain Foundation, a Singapore registered …
  • CYPRUS: Fiscal Council calls for a state reserve fund 25 Oct 2018 14:01 Financialmirror.com To guard against overspending, the Fiscal Council has called on the government to create a mechanism binding part of the existing reserve and primary surpluses to serve the public debt. Presenting its Autumn Report, Council president Demetris Georgiades, …
  • New centre focuses on algorithmic transparency 23 Oct 2018 10:05 Cyprus Mail The Cyprus Centre for Algorithmic Transparency (CyCAT) officially commenced operating on October 9, bringing significant added-value to the research activity of the Open University of Cyprus (OUC) and the research infrastructure of Cyprus in general. It is …
  • FILM: Cyprus tries to lure foreign filmmakers to Olivewood 13 Oct 2018 10:38 Financialmirror.com The island’s film industry may still be in its infancy, but a new scheme to lure foreign filmmakers and investors to Cyprus could, hopefully, pay off if the state finds the right balance between financial incentives and locally available services and …
  • Cyprus ‘Olivewood’ officially launched as a film location 10 Oct 2018 15:41 Cyprus Mail   Cyprus on Wednesday officially launched the island as a film location at a summit to promote itself internationally to investors, dubbing the incentive plan ‘Olivewood’. The first-ever film summit organised by Invest Cyprus, the Cyprus Tourism …
  • Cyprus woos filmmakers with year-long sunshine, 35 pc... 10 Oct 2018 08:59 Charleston Daily Mail By Associated Press Published: 04:31 EDT, 10 October 2018 | Updated: 04:31 EDT, 10 October 2018 NICOSIA, Cyprus (AP) - Under its adopted moniker of "Olivewood," the tiny Mediterranean island of Cyprus is trying to woo moviemakers from around the …
  • Cyprus woos filmmakers with year-long sunshine, 35 pc rebate 10 Oct 2018 08:37 WTOP NICOSIA, Cyprus (AP) — Under its adopted moniker of “Olivewood,” the tiny Mediterranean island of Cyprus is trying to woo moviemakers from around the world with 300-plus days of sunshine yearly and a package of… NICOSIA, Cyprus (AP) — Under its adopted …
  • Doğuş Derya Interview on Cyprus with Philelefthros 08 Oct 2018 18:44 LGC News The North Cyprus economy looks a like a small ship that is sinking in the waves of the devalued Turkish lira, Doğuş Derya* said an interview with Greek Cypriot daily ‘Phileleftheros’. The following is an excerpt from the interview. To read the full text …

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.