How Cyprus is boosting its startup ecosystem and innovation to address global challenges

How Cyprus is boosting its startup ecosystem and innovation to address global challenges
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Content Source: cyprus-mail.com


Inline with our aim to bringing the best of the startup ecosystem of MENA (Middle East & North Africa) region, we find it really significant to cover information about multiple sectors and geographies whether big or small. We lately found this piece about ‘How Cyprus is emerging as a startup ecosystem’, and thought of bringing the key aspects of the same forward.

It is wise to recognise that the small island, Cyprus has established itself as a growing fintech hub. And to remain competitive, the country is investing heavily in technology and innovation.

On similar lines, Michalis P. Michael, Chairman of Invest Cyprus, has recently quoted,

“We should think of Cyprus as a preferred destination for international tech companies and venture capitalists”,

Cyprus’s unwavering commitment to innovative research is also turning it into an emerging startup ecosystem which is supported by a generous support package with state and EU funds to spend on a number of key projects over the next three years. The funds will go towards