IDEA Innovation Center was founded in 2015 by the Bank of Cyprus and other prestigious Partners, as an incubator-accelerator for startups and an entrepreneurship hub.
Today IDEA is the largest non-profit, comprehensive innovation center in Cyprus, a business incubator which forms a cluster of more than 120 private and public partnerships, supports innovative startups and Small & Medium-sized Enterprises (SMEs) and promotes a culture of change and digital transformation.
It offers highest quality of training and services, so as to turn innovative ideas into viable businesses with a global outlook – from idea-stage, to revenues and investment-readiness.
IDEA has supported to-date the establishment of 74 startups with over 160 entrepreneurs, helped to create more than 90 new job positions, trained more than 5000 entrepreneurs and invested more than €4m in the Cyprus innovation & entrepreneurship ecosystem. Most importantly, IDEA has achieved perhaps 2 of the most significant recognitions in Cyprus – one of our startups has been accepted to Y Combinator and has already secured significant investment from a US fund, while s second one, raised €600.000 through a crowdfunding platform, the greatest success to-date for a Cypriot startup. At the same time, several other of our startups have attracted investment capital and business partnerships from Cyprus and abroad, have established their own offices and/or employ staff of their own.