The Innovation & Entrepreneurship Center of the Bank of Cyprus

The Innovation & Entrepreneurship Center encompasses the following institutions:

  • IDEA Innovation Center an incubator-accelerator for startups and an entrepreneurship hub for Cypriot young entrepreneurs
  • Bank of Cyprus Cultural Foundation that promotes Innovation & Entrepreneurship in the Arts & Culture sector
  • Business Academy that promotes funding mechanisms, commercialization activities, consultation and EU programs
  • Pierides Museum, a private collection consisted of 2500 Cypriot antiquities by Demetrios Pierides
  • ARIS, that acts like a co-working space in Limassol and facilitates mentoring and EU programs

IDEA Innovation Center was founded in 2015 as an incubator-accelerator for startups and an entrepreneurship hub for Cypriot young entrepreneurs.

Today IDEA is the largest, non-profit, comprehensive organization in Cyprus which forms a cluster of private and public partnerships to support startups and innovative Small and Medium-sized Enterprises (SMEs).

It hosts startup companies offering them the highest quality of training and services, so as to turn their innovative ideas into viable businesses with a global outlook. Specifically, it provides aspiring entrepreneurs all the tools to gradually turn their idea into a profitable business.

Since its establishment in 1984, the Bank of Cyprus Cultural Foundation has developed a wealth of activities. Currently, the Bank of Cyprus Group is clearly the most visible sponsor of cultural and scholarly pursuits on Cyprus.

The Foundation’s main strategic aims are to encourage the research and study of Cypriot civilization in the fields of archaeology, history, art and literature as well as to preserve and disseminate the cultural and natural heritage of Cyprus, with a particular emphasis on the international promotion of the island’s centuries-long Greek civilization.

The Business Academy (BA) emerged following the identification od the need for a focused academy for the financial well-being of Bank of Cyprus’s customers during these difficult times.

The role of the BA is to offer interactive activities such as workshops, lectures, trainings and events promoting Business literacy, Financial literacy, Digital transformation, Customer innovation, Extroversion in foreign markets, Funding mechanisms, Commercialization – matching and Consultation.

The Archaeological Collection of Pierides Museum- Bank of Cyprus Cultural Foundation is consisted of 2500 Cypriot antiquities. This private collection was initiated by Demetrios Pierides in 1839. It was systematically enriched, through the years, by five consecutive generations of the family and housed in the family mansion, where is situated until today. In 1974, the Pierides family decided to give access to the public to visit their residence and archaeological collection. The visitor can travel though 9000 years of culture, starting from the Neolithic Period to the Byzantine- Medieval Period. In addition, a very important collection of unique maps of Cyprus and Eastern Mediterranean is exhibited in the rooms of the museum, a part of the Ethnographic Collection of Folk Cypriot Art and also a rare collection of Hellenistic and Roman glassware.

In the Pierides Museum- Bank of Cyprus Cultural Foundation the visitor can also find a shop with replicas and unique work of arts by various Cypriot artists, inspired by the Pierides collection.

The Pierides Museum- Bank of Cyprus Cultural Foundation organises contemporary art exhibitions, lectures and educational programmes for children.

ARIS is a home for innovation in the heart of Limassol and provides the space, support, inspiration and community needed for a strong and vibrant innovation culture. It’s a space that has been specifically designed to assist startups transform innovative ideas into successful business ventures.

ARIS is a startup accelerator, founded by Deloitte and the Bank of Cyprus with the sole purpose of offering entrepreneurs with the structure, mentorship and network needed to launch successful business ventures. The acceleration program has been designed and is being curated by Deloitte’s Innovation and Entrepreneurship Centre.