IDEA Innovation Center
Overview
IDEA Innovation Center, established in 2015 by the Bank of Cyprus and other esteemed partners, is the largest non-profit incubator-accelerator for startups in Cyprus. It serves as a key entrepreneurship hub, supporting innovative Small and Medium-sized Enterprises (SMEs) and fostering a culture of giving back, sharing, and volunteering.
Startup Program
IDEA’s cornerstone is its Startup Program, a comprehensive nine-month incubator-accelerator programme, designed according to international standards and tailored to startups’ needs. Participants receive €20.000 in seed capital, business creation training form industry experts, mentoring from experienced entrepreneurs, and professional services in legal, accounting, marketing, and ICT. The program also offers valuable networking opportunities and access to angel investors.
Latest Impact and Achievements
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- 100 Startups Admitted
- €120,000 in Financial Support: €20,000 to 6 companies in 2024
- 960+ Applications Received
- 110+ New Jobs Created
- 50+ Mentors Onboard
- 40+ Expert Trainers
- 260+ Entrepreneurs Supported
In 2024...
In 2024, IDEA celebrated significant milestones with the 9th cycle's successful startups at a year-end event, highlighting their progress. The innovative businesses brought to life focused in the financial literacy, board gaming, healthtech, edtech hardware, greentech and the arts and culture sectors through its startups: Plutus, Playful Minds, E-mbracelet, Robo, Wattz and Magic Lantern.
Our Latest News
Our latest news includes updates on our recent actions, key events and the ongoing progress of our Program. We’re sharing details on the impact of our work, as well as upcoming initiatives and milestones that we’re looking forward to.