Have an innovative IDEA?
Start-ups at IDEA enjoy a total estimated worth of up to €60.000 in benefits:
- €12.000 seed capital from the Bank of Cyprus
- Business creation training & mentoring from industry experts
- Specialized mentoring in Financial Technology – fintech – and cultural / art proposals
- Consultation in legal, accounting, ICT & Marketing areas
- Business development opportunities, networking, access to investors
- Enthusiastic in-house staff, nurturing in-residence entrepreneurs
4th cycle - activities
Indicative timelines*
- Opening of new call for Applications – 17/12/2018
- Closing of acceptance of new applications – 24/2/2019
- First evaluation – 25-26/2/2019
- Formal Pitching of selected teams – 6-7/3/2019 9:00-14:30
- Initiation of training sessions – 12/3/2019
- 2nd Formal evaluation – Entry stage B – 4/7/2019
- 1st tranche of seed funding** – July 2019
- 3rd Formal evaluation – 14/11/2019
- 2nd tranche of seed funding** – December 2019
- End of IDEA 4th cycle – 31/12/2019
- Expected 4th IDEA Graduation Ceremony – February 2020
*timelines may change based on needs at the absolute discretion of IDEA Management
**subject to completion of requirements of the startup program – satisfactory Pass Rate.