Incubator in Cyprus
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Gravity Ventures
Gravity Ventures is a deep-tech startup incubator and venture builder based in Nicosia, operated by the Cyprus Research and Innovation Centre (CyRIC). Founded in 2016, it is described as the only deep-tech incubator in Cyprus, supporting startups in robotics, AI, IoT, photonics, advanced manufacturing, and MedTech. The programme covers idea validation, product design, prototyping, mentoring, commercialisation, IP protection, and funding access. Gravity Ventures has incubated 18 startups and invested over €10 million across its portfolio.
IDEA Innovation Center
IDEA Innovation Center is the largest non-profit incubator-accelerator for startups in Cyprus, established in 2015 by the Bank of Cyprus and partner organisations. Its nine-month Startup Program provides participants with €20,000 in seed capital, structured business training, mentoring from experienced entrepreneurs, and professional services in legal, accounting, and ICT. Since its launch, IDEA has supported over 82 startups, trained more than 5,000 entrepreneurs, and invested over €4 million into the Cyprus innovation ecosystem. It was recognised as the European Winner in the 2019 European Commission Enterprise Promotion Awards.
