Our story

IDEA is an Incubator-Accelerator for Startups and an entrepreneurship hub, founded in 2015. IDEA aspires to boost the entrepreneurial spirit and put Cyprus higher on the innovation map, by changing mind sets and helping to create investible, scalable startups.

We host startup companies offering them the highest quality of training, so as to turn their innovative ideas into viable businesses with a global outlook.

In addition, we promote entrepreneurial activities and support the creation of viable businesses from idea-stage, contributing in this way to youth employment at a national level.

Within all the support we offer, we emphasize that the major success factor for entrepreneurs is themselves: their passion, their determination, their sense of urgency, their hard work, their commitment, their willingness to give and take, their aspirations and perseverance.

We give great emphasis on the important role of each startup, which is to become an example for others and gradually give back to the ecosystem and to the new startups.

Give, take and share are integral parts of the IDEA culture.

IDEA is financially backed by the Bank of Cyprus. It was founded by the Bank of Cyprus and Cyprus International Institute of Management (CIIM). Very importantly, it enjoys the valuable support of its strong partners: Cyprus Telecommunications Authority – CYTA, Innovation-Leo Burnett, Lellos P. Demetriades and Deloitte Cyprus.

We love what we do, and we aspire to create investible startups and change the Cypriot culture towards entrepreneurship, elevating Cyprus higher on the innovation map. We would like to see Cyprus becoming the bridge between the innovation hubs of Europe and Asia.

Our greater vision is to constitute Cyprus as a regional innovation hub.