26 June 2020
Invest Cyprus announces the launch of “Cyprus Startup Virtual Pitch Competition”, which will be held on Wednesday, July 29th 2020. The online competition is part of the Organisation's wider efforts to enrich the Startup ecosystem of the country, by attracting foreign investment and strategic partnerships.
The “Cyprus Startup Virtual Pitch Competition” is co-organised with the “Annual Investment Meeting (AIM)”, an initiative of the UAE Ministry of Economy. The contest is part of a series of national competitions. The winning Startup of each country will have the opportunity to participate in a global league, where all the teams will compete with each other, aiming for first place.
The “Cyprus Startup Virtual Pitch Competition” is open for all Cypriot Startups who meet the following conditions:
· Have less than 50 employees
· Are at least 2 to 7 years old
· Have an annual turnover of €30,000 to €850,000
· Have received at least one sponsorship
· Match the categories listed by the organisation:
o Growth: Has had the most growth, or achieved the most scale amongst all the start-ups that pitched
o Social impact category: Has had the most impact on the society using a sustainable and scalable business model (e.g. financial inclusion, human rights, human capital development etc.)
o Best use of innovation category: Has leveraged latest technology the best to develop and scale its value proposition using a sustainable business model (e.g. IoT, Blockchain, AI/ML etc.)
o Climate and environmental impact category: Has had the most impact in healing or protecting the environment using a sustainable, scalable business model.
o Privacy - data protection and compliance: Has achieved the most scale in helping people or companies manage and protect their private data and/or comply with regulatory requirements in an increasingly complex data protection and regulatory landscape.
In the first phase, the participants will go through an evaluation. The top 10 startups will pass through the next phase and earn the opportunity to introduce their business at the grand final, which will be held on Wednesday, July 29th 2020.
Following that, the winning Startup of Cyprus will represent our country at the “AIM 2020 Global Startups Champions League” which will be held as part of the international event “Annual Investment Meeting (AIM)”, in Dubai. During the competition, the winning team will have the opportunity to meet investors, corporates, government officials and other innovators from all over the world.
Additionally, the top 3 Cypriot Startups will be given the opportunity to accompany the team of Invest Cyprus on one of their missions abroad.
Call for Applications
Applications will be open from June 29th to July 24th 2020 (before midnight). Those who are interested can fill in the entry form fill by clicking here.
For further information, please contact Invest Cyprus on +357 22460386 or at [email protected]. There is no application fee.