Insider Business Seven more start-ups graduate from IDEA

Seven more start-ups graduate from IDEA

The IDEA Innovation Centre recently celebrated the graduation of seven start-ups. Armed with knowledge, experience and a toolkit for the future, the new start-ups continue their journey to realising their vision. The seven start-ups are: Lemon Labs, Wellretreat, Hegemonic Project, Kyamos Ltd, GenuIN, Ppissis.com.cy and Teembly.

Addressing the event in honour of IDEA’s new graduates, Dr Christakis Patsallides, Bank of Cyprus Deputy Chief Executive Officer and Chief Operating Officer, stressed: “We have had the pleasure of witnessing IDEA grow from a small programme into an entire cluster of activities, a huge national and international network of partners and friends. IDEA has reached significant milestones, leading to its recognition as 2018 National Winner in the ‘Promoting the Entrepreneurial Spirit’ competition of the European Commission.”

Patsallides called on business and academia alike to embrace the innovative activities of young people, so that Cyprus may firmly feature on the world map of innovation.

In his address,  Charis Pouangare, Chairman of the Board of IDEA, referred to the development of the seven SMEs were created through the programme, and of the contribution by Bank of Cyprus and its partners in the whole endeavour through providing education, guidance, financing and networking opportunities.

Pouangare also highlighted the role of the Programme in promoting Cyprus internationally, stressing: “We are ambassadors for innovation, collaborating with 11 embassies in Cyprus and overseas.”

Aharon Aharon, CEO of the Israel Innovation Authority, an event participant, made a presentation themed on ‘How to become an Executive Director and Founder of a start-up’, citing important information on various developments in the technological revolution era. Among others, he observed that “in 2020 you will be speaking more frequently to a chat bot than with your husband or wife; after watching television for only 500 hours, Google algorithms have learned to lip-read better than any human.”

For his part, Kyriacos Kokkinos, Chief Scientist of the Republic of Cyprus, spoke about the creation of a vibrant start-up community whose duty it is to tackle major social and economic challenges. “Be agile! Ready to alter your journey and still stay focused on your destination!” Kokkinos went on to note that “our goal is the marry research with entrepreneurship. Research should yield concrete benefits for Cypriot society.”

Attending the event were the ambassadors of Israel, Italy, Portugal, permanent secretaries of ministries, department directors and others.

Top Stories

Rapid Test locations on Monday Jan 18

Here are the rapid test locations for Monday January 18 Limassol Apostolos Loukas church, Ayios Athanasios (Ayios Athanasios refugee settlement) 8.30-4.30 Ayios Stylianos church, Linopetra 8.30-4.30 Mesa Yeitonia Cultural Centre...

German FM says COVID curbs should be eased for vaccinated people

  People who have been vaccinated against COVID-19 should be allowed to go to restaurants and cinemas earlier than others, a German minister said, contradicting...

Italy’s Conte struggles to secure support in Senate showdown

  Efforts by Italian Prime Minister Giuseppe Conte to build a new majority in parliament after a junior partner quit his coalition floundered at the...

Iran’s Zarif tells France: Avoid ‘absurd nonsense’ about Tehran’s nuclear work

  Iranian Foreign Minister Mohammad Javad Zarif dismissed a claim by France that Tehran was in the process of building up its nuclear weapons, calling...

All roads to Troodos now OPEN

  All roads to Troodos (Prodromos-Troodos, Karvounas-Troodos and Platres-Troodos) have now reopened for traffic following a few hours closure during heavy snowfall. Police are calling on...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...