Invest Cyprus announces new award celebrating entrepreneurship in technology and innovation

January 12, 2021

CWEIC Strategic Partner Invest Cyprus has this month announced the winners of a new award programme to celebrate entrepreneurship leading the way in technology and innovation in Cyprus.

Cyprus Seeds, a non-profit initiative supporting the commercialization of innovative academic research in Cypriot universities and research institutions and Invest Cyprus, the national investment promotion agency, initiated the Award “Invest in the Commercialization of Entrepreneurship” with the aim to support the national strategy to boost Cyprus’s research, technology and innovation ecosystem.

Kyriakos Kokkinos, Deputy Minister for Research, Innovation and Digital Policy of the Republic of Cyprus, welcomed the award as a bold and positive step towards putting Cyprus on the map as an innovation, startup hub and knowledge centre. “Cyprus is undoubtedly a country with highly recognized human capital and capabilities in research and innovation, ranked 2nd in the region -after Israel, Global Innovation Index 2020 – and we have a clear game-plan for supporting and enhancing the creation and development of innovative startups towards their commercialization roadmap,” he said, “This is an exciting opportunity for the local business ecosystem to start, grow and internationalize innovative entrepreneurship as a new lever for economic sustainability and competiveness.”