Founding partners

IDEA is financially backed by the Bank of Cyprus. It was founded by the Bank of Cyprus and Cyprus International Institute of Management (CIIM).


BoC was founded 116 years ago and is headquartered in Nicosia. It is the leading banking and financial services group in Cyprus, with significant market shares across all businesses.  BoC has a long track record of Corporate Social Responsibility (CSR) actions and IDEA falls within the strategic CSR for the benefit of the society through the creation of a new generation of entrepreneurs and enterprises with the knowledge and skills to become competitive in the global market.

Further to the CSR aspect of having assisted in the creation of new innovative ventures and hence assisting in combating unemployment, especially youth unemployment, and upgrading the competitiveness of Cyprus in the international market, IDEA will bring BOC closer to the start-up businesses.


The Cyprus International Institute of Management is a non-profit international business school established in 1990 by a group of business leaders and a team of prominent academics. The institute was created out of the need to provide the business community in Cyprus with quality Management education with the initiative of esteemed members of Cyprus’ business community.

As a premier business higher education institute, it is best known and chosen for the quality, relevance and value creation of its programmes, its transformative culture, and the effectiveness of its teaching and learning methods in addressing and solving real-world problems. CIIM’s diverse programs all have multiple local and international accreditations.