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 | Mediterranean island recognizes Melco for investment 18 Jul 2019 02:00 Macau Daily Times Lawrence Ho Organized by Invest Cyprus, the 8th Invest Cyprus International Investment Awards (ICIIA) presented an award to Melco International Development  on July 3 at ceremony that took place at Cyprus’s Presidential Palace. According to a company press …
  • Bringing dreams of music to all 15 Jul 2019 17:39 Cyprus Mail There are a wealth of advantages that come with learning to play the piano or guitar, flute or violin. Studying any instrument boosts brain power, encourages self-expression, improves memory, develops one’s social aptitude, builds confidence, and teaches …
  • Chinese investors still interested in Cyprus passports 01 Jul 2019 05:52 Cyprus Daily Despite the latest amendments to the Cyprus Investment Programme which now includes additional criteria before citizenship is granted, strong interest from China is still there, according to reports in the Chinese press. Recent reports refer in detail to …
  • Jiu Jitsu a test case for Cyprus film industry 30 Jun 2019 10:11 Cyprus Mail Nicolas Cage, the star name in Jiu Jitsu, was also the star of the press conference given by the film’s main cast and production team on Saturday evening – though he also ended up being upstaged, both by co-star Tony Jaa and the film’s producers. “This …
  • Economy entering ‘new promising period’ says Georgiades 28 Jun 2019 15:26 Cyprus Mail The island’s economy has entered a new, promising period and the hardship suffered in previous years is history, Finance Minister Harris Georgiades said on Friday, addressing over 150 foreign entrepreneurs and investors in Limassol. Speaking at the 4th …
  • Olivewood: Five more productions on the horizon 28 Jun 2019 10:25 Cyprus Daily As shooting for sci fi martial arts film Jiu Jitsu continues in Mamari, Invest Cyprus is working on bringing more production companies to the island as it seeks to carve out a place for Cyprus in the international film world with Olivewood, Phileleftheros …
  • Invest Cyprus in campaign in three Southeast Asian countries 26 Jun 2019 22:26 Cyprus Daily With a view to exploring new markets with great potential for investment, the Cyprus Investment Promotion Agency (“Invest Cyprus”) organised a large-scale campaign in Southeast Asia between June 17 and 21 entitled: “Cyprus: Your EU gateway to global …
  • Jiu Jitsu producer says Cage film only the beginning for Cyprus 21 Jun 2019 22:45 Cyprus Daily Demetris Logothetis, producer and director of Jiu Jitsu that will be filmed in Cyprus in the next weeks, already has plans to shoot a second film here written by Gary Scott Thompson of Fast and Furious fame. Logothetis, a Greek American, is in Cyprus to …
  • CYPRUS: Equity Fund needed to bridge financing gap for businesses 20 Jun 2019 10:06 Financialmirror.com An Equity Fund should be established to address the difficulties small and medium sized enterprises (SMEs) encounter in obtaining financing, the Cyprus Economy and Competitiveness Council has proposed. The recommendation has been submitted to the Finance …
  • Economy Council recommends Equity Fund to cover financing gap for SMEs 19 Jun 2019 14:38 Cyprus Daily The Cyprus Economy and Competitiveness Council proposed to the government the establishment of an Equity Fund to address the challenges facing the Cypriot small and medium sized enterprises (SMEs) in obtaining financing. The recommendation has been …
  • Psatharis Auction: Kashalos painting sells for nearly €33,000 as part of €227,391 haul 18 Jun 2019 08:23 Cyprus Daily The painting titled Harvest, created by Michail Kashalos, far surpassed the sum of €18,000 that it was expected to draw at the 26th Psatharis Auction, held at the Hilton in Nicosia earlier this month. Tense bidding by spenders determined to take Harvest …
  • Interview with Ms Magdalena Rotaru, APS Holding regional head for Cyprus & Greece 17 Jun 2019 08:39 Cyprus Mail APS Debt Servicing Cyprus supports the resolution of the non-performing loans problem in Cyprus   The establishment of  APS Debt  Servicing  Cyprus supports  and enhances the  efforts  for  resolving  the large amount of bad loans in Cyprus. The Regional …
  • CYPRUS: Nicosia sees revival in commercial property sector 16 Jun 2019 09:51 Financialmirror.com Cyprus’ capital is showing signs that its commercial property market is following similar growth recorded in its residential sector, as local and foreign investors seek opportunities, while companies are searching to house their operations. Stakeholders in …
  • CCB closure alleviated major risk to financial stability, but reform momentum must go on -ESM report 13 Jun 2019 19:55 Cyprus Daily “Cyprus regained an investment grade rating in 2018 thanks to strong economic growth, a prudent fiscal policy, and a more resilient financial sector” and “the winding down of Cyprus Cooperative Bank (CCB) alleviated a major risk to financial stability …
  • Sustained reform key to mitigating Cyprus’ economic risks, ESM warns 13 Jun 2019 18:26 Cyprus Mail Cyprus regained an investment grade rating in 2018 thanks to strong economic growth, a prudent fiscal policy, and a more resilient financial sector, and the winding down of the Co-op Bank (CCB) alleviated a major risk to financial stability by removing a …

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.