Eight Cypriot start-ups proceed to Phase 2 of the Cyprus Entrepreneurship Competition
We would like to welcome and congratulate the teams who have been admitted to the business acceleration program of CyEC2021. All submissions were evaluated by the CyEC Panel of Judges on their merits in developing successful businesses in the marketplace and these are the selected teams to enter the Acceleration program:
SGNDT SYMETRICS GEOPHYSICAL
S3 - SECURE SMART SYSTEMS
The CyEc2021 received 19 applications. The applications were in a bite size business plan format explaining the business idea and market opportunity. The panel of Judges evaluated the applications on their merits in developing successful and viable businesses. The 8 teams selected to enter the acceleration program have demonstrated sophistication of their idea, evident technological and innovation component, team commitment and teams’ capabilities to develop further their business ideas.
Upon graduation from the CyEC2021 acceleration program, all teams are requested to submit an enhanced business plan and pitch their business idea to the panel of judges in a closed session on December 13th and to the public at the Awards Ceremony on the 15th of December 2021.
Upon reviewing this years’ applications, the jury has agreed that the teams and ideas demonstrated greater sophistication, quality and maturity, when compared to previous years. The submitted projects have instilled positivity in improving the Cyprus entrepreneurial ecosystem and its stakeholders.
The general positive development and satisfactory outcomes are aligned with the goals and vision of the CyEC, which aspires to nurture an entrepreneurial culture among - scientists, startup founders, and hi-tech entrepreneurs, and challenge them to transform their ideas into real business opportunities and to the leading companies of tomorrow. The CyEC Organizing committee and the CyEC partners network aim at the development, quality improvement and promotion of the Cyprus Entrepreneurial ecosystem.
17 September 2021
8 July 2021