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

  • 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 …
  • CYPRUS: Social insurance hikes still mean pensioners get a raw deal 06 Jan 2019 11:47 Financialmirror.com Increases in social insurance contributions applied to the premium paid by employers and employees as of January was met with mixed reactions from the social partners who argue over their impact. Both sides feel that the increase designed to save the …
  • Predictions for the Cyprus economy in 2019  01 Jan 2019 02:51 Cyprus Mail By Barret Kupelian There is something magical about predicting the future and getting it spot on. Forecasting – or making an educated guess on what the world will look like in the future – is fundamental for planning. For businesses and policymakers in …
  • The challenges facing the Cyprus economy in 2019 30 Dec 2018 02:59 Cyprus Mail   By Erol Riza   Over the last few months, we have witnessed a sharp deterioration in global economic and financial developments which should temper any positive outlook for the world economy in the coming year. With this background it is important for …
  • CYPRUS: Fiscal Council worried over government spending trends 29 Dec 2018 14:10 Financialmirror.com Cyprus Fiscal Council is uneasy over the government conceding to various groups, from lateral pay hikes across the public sector to consider the inclusion of borrowers who are paying off their loans to the ESTIA scheme aimed at mortgage defaulters. …
  • President Anastasiades: ready to put up a fight to implement reforms 23 Dec 2018 16:10 Cyprus Daily In an interview with the first issue of Forbes Cyprus, President of the Republic Nicos Anastasiades answers questions regarding burning issues plaguing Cyprus’ economy and troubling ordinary people and says he is ready to clash with all those seeking to …
  • CYPRUS: Europe\'s biggest casino resort will exceed original EUR 550 mln budget 23 Dec 2018 12:54 Financialmirror.com Europe’s largest integrated casino resort (ICR) is on track to open in Limassol in 2021 but the cost will exceed the initial construction budget of EUR 550 mln. “It looks like we will go beyond the EUR 555 mln first mentioned…it will be greater than that …
  • Economy set to grow around over 3 per cent a year by 2021, CBC says 22 Dec 2018 14:26 Cyprus Mail The government will continue to strengthen and deepen the current positive economic growth spokesman Prodromos Prodromou said on Saturday, after the Central Bank of Cyprus (CBC) predicted that Cyprus’ economy will continue to grow at an approximate three …
  • Cyprus economy to continue robust growth until 2021, Central Bank says 22 Dec 2018 14:17 Cyprus Daily The Cypriot economy will continue to grow with a robust pace over 3% until 2021 mainly underpinned by strong domestic demand, economic activity and investments, the Central Bank of Cyprus (CBC) said in its economic bulletin for December 2018. The CBC …
  • CYPRUS: Economy will continue to grow above 3% GDP until 2021 22 Dec 2018 11:06 Financialmirror.com The Cypriot economy will continue to grow with a robust GDP growth above 3% until 2021 mainly underpinned by strong domestic demand, economic activity and investments, the Central Bank of Cyprus (CBC) said in its economic bulletin for December. The CBC …
  • Commissioners hand over annual reports to president 18 Dec 2018 21:27 Cyprus Mail President Nicos Anastasiades on Tuesday received the annual reports for 2017 from the commissioners for the protection of personal data, for agricultural payments and for gender equality, recognising each sector’s contribution to Cyprus society. The public …
  • RCB CEO re-elected local head of International Bank Association 13 Dec 2018 11:03 Cyprus Mail Dr Kirill Zimarin, CEO of RCB Bank Ltd has been re-elected president of the Association of International Banks in Cyprus during the 16th Annual General Meeting that took place in Limassol on Wednesday. According to a press release, Zimarin, who has been …
  • FINANCE: RCB boss re-elected President of Association of International Banks in Cyprus 13 Dec 2018 10:08 Financialmirror.com Business & Economy Kirill Zimarin, CEO of RCB Bank was re-elected President of the Association of International Banks in Cyprus during the 16th Annual General Meeting in Limassol. Zimarin, who has been President of the Association since 2008, will …
  • 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 …

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.