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

  • Nicosia among top small European cities of the future 20 Feb 2020 10:38 Cyprus Daily Nicosia has been named as the top small European city of the future for human capital and lifestyle. The capital of Cyprus was also ranked among the “Top 10 Small European Cities of the Future for FDI Strategy”, reflecting the island’s increased efforts to …
  • EU adds 4 jurisdictions to its blacklist of tax havens 18 Feb 2020 10:18 Seatlle Post-Intelligencer Updated 2:11 am PST, Tuesday, February 18, 2020 Photo: Francisco Seco, AP European Central Bank President Christine Lagarde, Cyprus' Economy Minister Constantinos Petrides, Eurogroup President Mario Centeno, European Commissioner for Economy Paolo …
  • Emerging Africa unveils new investment class 10 Feb 2020 23:45 Punch Newspapers A financial services provider, Emerging Africa Capital Group, has unveiled a new investment class in real estate. The company said in a statement that the initiative was in line with its commitment to advancing the development of Africa through diverse …
  • Shareholding changes at G4S Secure Solutions 06 Feb 2020 06:31 Cyprus Daily Shareholding changes took place recently at G4S Secure Solutions (Cyprus) Limited which offers security and money transfer services. In fact, it is the specific sector’s biggest player in Cyprus. Insider has found out that the British group G4S now …
  • APS: Our expertise helps Cypriot banks tackle toxic debt 29 Jan 2020 16:19 Cyprus Mail The 2008 financial crisis hit Cypriot banks extraordinarily hard, leaving the sector with an NPL-ratio soaring to frightening 54% in 2014. In subsequent years, the ratio was reduced to 29.8% (as of June 2019), with the fastest decrease of -32.2% recorded …
  • President inagurates Petrolina’s state-of-the-art terminal at Vassiliko 28 Jan 2020 14:07 Cyprus Daily Petrolina unveiled its new, state-of-the-art terminal at Vassiliko on Saturday with the agreed timeline,  in line with the company’s vision to be a driving force of  the Cyprus economy. The terminal, one of the largest investments ever made in Cyprus by a …
  • Accountants urged to exercise caution over citizenship applications 22 Jan 2020 03:42 Cyprus Mail The Institute of Certified Public Accountants (Selk) has urged its members to thoroughly examine the background of clients who apply for citizenship, issuing a directive on the Cyprus investment programme to assist in the uniform application of diligence …
  • Cyprus passport applicants are high-risk clients, says  ICPAC 21 Jan 2020 06:47 Cyprus Daily The Institute of Certified Public Accountants of Cyprus has sent a circular to its members calling for high scrutiny on services provided by citizenship via investment applicants. And it also notes that passport applicants should be considered as high-risk …
  • Cyprus repays crisis-era IMF loan ahead of schedule 14 Jan 2020 16:48 Seattle Times NICOSIA, Cyprus (AP) — Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in 2013, the finance minister said Tuesday. Minister Constantinos Petrides said the loan’s early …
  • Cyprus makes its way to film and entertainment industry 13 Jan 2020 05:46 Cyprus Daily Cyprus seems to attract more and more interest from the film and entertainment industry as it looks forward to world-wide publicity that gradually but steadily will contribute to the economy’s growth. “Jiu Jitsu” was the start and in agony over the outcome …
  • Potato crops severely damaged by heavy rains 10 Jan 2020 03:25 Cyprus Mail Dealing with the damage that affected farmers and their crops during the strong rains that hit Cyprus in the last week is a top priority for the government, said President Nicos Anastasiades on Thursday. “The government is aware of the seriousness of the …
  • Dominic Raab expresses 'serious concern' over possible miscarriage of justice in Cyprus 'rape' case 30 Dec 2019 23:36 Telegraph.co.uk The appeals process could take up to four years, he said. Equality Now, an  international women's rights organisation that campaigns on failings in laws relating to sexual violence, said there needed to be an investigation into how the teenager was …
  • Central Bank of Cyprus sees downside risks to the economy despite strong growth 24 Dec 2019 21:11 Cyprus Daily The Central Bank of Cyprus (CBC) sees certain downside risks to the Cypriot economy for the period 2020-2022, that may lead to slower economic growth, despite the positive course of economic activity, as well as the continued robust economic growth. Non – …
  • Jobs of the future 20 Dec 2019 09:07 Cyprus Daily The business world is changing rapidly and Cyprus has to be in alignment rather than an exhausted follower, according to analysts. Keeping ahead of trends in the labour market and predicting the future are key prerequisites for improving the adaptability …
  • IMF: Low productivity, high private debt are challenges for Cyprus’ economy 11 Dec 2019 08:15 Cyprus Daily Low productivity and high private debt, as external risks increase, are the main challenges for the Cyprus economy, as described in a report by the International Monetary Fund (IMF) Executive Board, following the conclusion of the consultation of 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.