Cyprus aims to become startup hub.
The Cyprus Employers and Industrialists Federation presented on the 25th of July the three new funding programs aiming to support the development of innovation by Cypriot enterprises in order to penetrate the global market with their products. Cyprus is strategically planning to become a hub for startups both for Cypriot organizations through the below programmes but also for international startups through the ‘Invest in Cyprus‘ programmes.
The three separate funding programs aim to support start ups and existing enterprises at 3 different stages with the main focus of:
- Pre-Seed Programme: Creation and Initial development of Startups with international orientation – Max funding per project: €100,000
- Seed Programme: Development of Internationally Competitive Innovative Products and Services by Startups- Max funding per project: €500,000
- Innovative Programme: Development and Promotion of Internationally Competitive Innovative Products and Services by Existing Enterprises – Max funding per project: €1,000,000
What we can do.
Our team at Panayiotis Z. Toulouras LLC was present to gather information on all 3 programmes and gain vital insights to help support our clients in their efforts to develop their start ups and promote their services globally. We offer expert legal advice for companies involved in the technology industry. Our services cover the entire spectrum of technology law and practice, for more information visit www.toulouraslaw.com.