31 January 2025

A Major Recognition for Cyprus at the Startup Ecosystem Awards 2025

 

A significant distinction was awarded at the Startup Ecosystem Awards 2025, organized by StartupBlink, the world’s leading platform for analyzing innovation and startup ecosystems.

Cyprus received the “Best Worldwide Climb in the Top 50” award, recording the largest jump—nine places—in the global ranking of startup ecosystems for 2024. This award highlights the country’s dynamic growth and strategic approach to fostering innovation and entrepreneurship.

Upon receiving the award, the Director General of the Research & Innovation Foundation (RIF), Mr. Theodoros Loukaidis, stated:

“Cyprus has made impressive progress in recent years. We are working to further strengthen our position as a regional hub for research, innovation, entrepreneurship, and technology, acting as a gateway to Europe while offering access to high-growth markets.”

“Cyprus embraces a dynamic approach to supporting innovation and entrepreneurship, offering targeted funding programs, tax incentives, and talent attraction initiatives. We are committed to supporting startups and scaleups in expanding globally by providing financial opportunities and a favorable framework for their success,” he added.

It is worth noting that StartupBlink evaluates over 1,000 cities and 100 countries, based on more than 40 indicators related to innovation, startups, funding flow, and the supportive infrastructure of an ecosystem.