Our Mission

IDEA Innovation Center promotes innovative entrepreneurship and, while giving great emphasis on the entire spectrum and peripheral activities that support innovation in general, it is proudly a strong part of the work that promotes innovation on the national level. We do everything within our power to ease entrepreneurs’ access to the business world and enhance the diversity and durability of the Cypriot economy by bringing innovative products and services to life.

IDEA has 9 strategic pillars:

  • 1 To offer the entire spectrum of business support to entrepreneurs from idea-stage to the stage of sales & investment and to the stage of scaling up and expanding abroad
  • 2 To change the nation’s mindset & culture more towards innovation and entrepreneurship, by educating teenagers, students, youth, female entrepreneurs and all interested stakeholders
  • 3 To promote Cyprus abroad by strengthening our innovation bond with Europe and the neighbouring innovative nations. To elevate the country higher on the international innovation map and constitute Cyprus as a regional innovation hub, a bridge between Europe, Asia and Africa
  • 4 To propel a culture of “giving back” to the society, “sharing” and “volunteering”, by addressing the noble feelings of successful Cypriot businesspersons and aspirations of esteemed organisations
  • 5 To create new innovative SME companies and new job positions every year. To advocate and practice social inclusion by offering opportunities to persons with disabilities and parents of young children
  • 6 To be a key Government Partner: Materialise the direct cooperation between the Public & Private sector on entrepreneurship and innovation. To influence policies, legislation and regulations in favour of startups to benefit the entire innovation ecosystem
  • 7 To create an investment culture by undertaking the initial investment risk, by trusting aspiring entrepreneurs at their early stages of development. To educate investors and create an internal angel investor network
  • 8 To facilitate Financial Technology solutions and to promote Digital Transformation through its direct partnership with Bank of Cyprus
  • 9 To promote Intrapreneurship by developing mechanisms that allow for the staff of an organisation to create innovative products or services, with the potential to develop into profit centers or even startups