Cyprus is excelling in the fields of research and innovation, according to Deputy Minister of Research, Innovation, and Digital Policy Nikodimos Damianou. Damianou this week visited the Cyprus Institute, where he met with its president Stavros Malas, as well as members of the administrative staff. Damianou expressed his delight at Cyprus’ leading position in research … Read more
Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.
Foody, the No.1 delivery service in Cyprus, announced its partnership with athletes Milan Trajković and Viktor Olov Leonidou for the 2024 Olympic Games in Paris. Milan Trajković is a top track and field athlete who has broken Cyprus National Records and won gold medals. Viktor Olov Leonidou is an accomplished mountain-running and ultra-distance athlete who has achieved impressive results in competitions. Foody’s partnership with the athletes aims to support their pursuit of excellence and inspire others.
Three startups in the fields of energy and agricultural technology are set to relocate to Paphos. The startups were selected by the American University of Beirut (AUB) and the Zein AUB Innovation Park. Paphos is seen as an ideal environment for the development of innovative products, with the municipality actively supporting the creation of a dynamic ecosystem for start-up companies.
Fact: The innovation certificate offers a 50 per cent tax exemption for investments in innovative businesses, with a total of 38 certificates granted to qualifying applicants last year.
Foody is offering “Mega Deals” with reduced prices on hundreds of products from its Market from April 22 to May 5, 2024.
Foody is offering Mega Deals with discounts of up to 50% on branded supermarket products in all categories at Foody Market from April 22 to May 5, 2024.
Adsterra is sponsoring the 2nd Youth Tech Fest Cyprus 2024 on April 20, investing in STEAM education for the future generation.
Fact: Rural areas across Cyprus are to receive “ultra-high-speed” fibreoptic internet networks as part of a government project to bridge the digital divide and provide equal access to gigabit connectivity for everyone by 2026.
Cyprus is positioned to become a regional center for technology and innovation, with Deputy Minister of Research, Innovation and Digital Policy, Nikodemos Damianou stating this at the 14th Nicosia Economic Congress. Damianou revealed an ambitious plan for Cyprus to be the first country fully covered by a high-speed fiber optic network. Additionally, a substantial 23% of the funds from the Resilience and Recovery Plan were allocated to technological upgrading.