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Apply now for the IDEA Innovation Center of the Bank of Cyprus for Startups 2024.

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Apply now for the IDEA Innovation Center of the Bank of Cyprus for Startups 2024. The Bank of Cyprus intends to turn Ideas into business for startups with innovative solutions, that are determined to launch their startups.

The IDEA Innovation Center of the Bank of Cyprus is accepting applications for the 9th cycle of the Startup Program. They seek talented teams capable of developing innovative solutions, products, and services that can expand to the international market through technology.

The Startup Program is a two-stage Accelerator: Incubator program that hosts startups for a transformative 9-month journey. It serves as the pivotal platform for nurturing participating startups and facilitating the transformation of their innovative ideas into thriving businesses.

See Also: Apply now for the Nomfro Technologies Entrepreneurship Empowerment Project (NTEEP 4th Edition).

Eligible Sectors for the IDEA Innovation Center

The eligible sectors are as follows:

  • Financial and insurance technology – Fintech & Insuretech.
  • Manufacturing.
  • Real estate activities.
  • Culture, Arts, Virtual museums
  • Electricity, gas, steam, and air conditioning supply.
  • Professional, scientific, and technical activities (legal, accounting, consulting, research).
  • Blockchain.
  • Sustainable Energy sector.
  • Administrative and support service activities (renting/leasing etc).
  • AI, AR, ML.
  • Water supply; sewerage, waste management, and remediation activities.
  • Public administration; compulsory social.
  • Health Sector.
  • Construction/ demolition.
  • Public administration; compulsory social security.
  • Tourism.
  • Construction/demolition.
  • Education.
  • Information and communication (software, video, etc).
  • Wholesale and retail trade; repair of motor vehicles and motorcycles.
  • Human health and social work activities.
  • Agriculture, forestry, animal farming, and fishing.
  • Transporting and storage.
  • Arts, entertainment, and recreation.
  • Mining and quarrying.
  • Accommodation/ Hotels and food service activities.
  • Other (as specified by the applicants).
See also  Apply Now for the Dell Technologies Envision the Future Competition 2024 (USD 12,000 Prize).

Eligibility and Requirements for the IDEA Innovation Center

Participants must meet the following:

  • Participants must have an innovative product that is a new solution to a new problem or solves an existing problem in a new and innovative way.
  • Participants must have strong teams.
  • Participants must offer the opportunity to investors to invest in them and exit later.
  • Participants must have a specific Target Market that can scale up and have a global outlook outside Cyprus in other countries.
  • Participants must have the ability to anticipate potential barriers and problems.
  • Participants must be willing to have a relationship with the IDEA program with a physical presence, give, take, and share culture, attend sessions, submit deliverables, meet deadlines, and make progress.

What You Stand to Gian

Selected participants will receive the following:

  • Each selected startup will receive a comprehensive business support package, including €20.000 in seed capital.
  • Selected participants will receive business-creation training, mentoring, and networking opportunities.

Application Process

The application deadline is the 16th of February, 2024.

Click here to apply.

For more information, visit the official webpage of the IDEA Innovation Center of the Bank of Cyprus for Startups 2024.

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