Cyprus maps startup ecosystem and calls for more youth entrepreneurship
The government links grant schemes, innovation, green transition and digitalisation to new business creation.
What this report covers
The initiative concerns the Republic of Cyprus business ecosystem and is separate from North Cyprus support programmes.
Local context
Commerce Minister Michalis Damianou told a Paphos event that Cyprus's business ecosystem is evolving quickly, driven by the green transition, digitalisation, innovation and international outreach. He said ministry grant schemes support young entrepreneurs and startups from launch through growth.
Who this matters to
The event, organised with the Paphos Youth Municipal Council, also highlighted cooperation with Junior Achievement Cyprus to connect education with the real economy. The minister said mapping should lead to practical partnerships and a more competitive, sustainable business environment.