April 19, 2024 5 min read
IDEA Innovation Center: accepting new applications from startups

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Do you have an innovative idea that could be turned into a startup? But do you need knowledge, experience and funding to make it happen? Now, you have the chance to make your dream come true by applying to the IDEA Innovation Centre, the largest innovation and business support centre in Cyprus.

To date, IDEA has supported 82 start-ups and created over 90 new jobs. Startups of the Centre have attracted significant investment capital and business partnerships from abroad and Cyprus, have opened offices and/or hired staff.

The European Commission 's award-winning IDEA is accepting applications for the 8th consecutive year and is looking for startups that:

- Develop an innovative product/service or solve an existing problem in an innovative way.
- They consist of a dedicated and competent team of at least two founders/individuals.
- They have the potential to expand into the international market through technology.

Through its nine-month IDEA program, each startup is offered a service & cash package of up to €60,000, as follows:

- Business training for the creation of the business
- 20.000 euro seed capital
- Mentoring from established entrepreneurs
- Legal, accounting, marketing & technology (ICT) services
- Business development, networking and access to angel investors

IDEA has the full support of the Bank of Cyprus, which is a leader in supporting innovation, entrepreneurship and digital transformation in Cyprus.

Interested parties can apply until 24 February 2023.

Learn more:
- For criteria and applications, please visit: www.ideacy.net
- For information:
- Tel: 22128144
- Email: info@ideacy.net

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