US entrepreneurs learn about Cyprus’ untapped business potential (pics)
12:13 - 30 November 2023
An invitation-only event in New York recently brought 50 special US guests into contact with Cyprus business stakeholders to have access to and collectively discuss insights as to why and how Cyprus should be the cornerstone for the US of a commercial strategy focusing on the European, Middle East, and African markets (EMEA).
Speaking after the Cyprus: Untapped Business Potential event, Vincent Grasso, DO, MSIS, MBA, who has extensive experience in doing business in both Cyprus and the US, commented, "In my opinion, Cyprus represents the ideal location for ideation, germination, and commercialisation of entrepreneurial activities based upon its strategic location, highly educated and industrious English speaking population, access to capital, and excellent business relationships within multiple markets. I can't wait to get back to Cyprus and continue my business development efforts that started in October 2023."
The private business breakfast event was brought to the US by AmCham Cyprus, Cyprus Chamber of Commerce and Industry: CCCI and Ministry of Energy Commerce & Industry, and in collaboration with the Cyprus Embassy Trade Center – New York, Invest Cyprus and the U.S. Embassy Cyprus.
The effort aimed to help participants expand their respective markets, create new opportunities for business development, and assist in establishing a justifiable business relationship between US and Cypriot enterprises.
In addition to the obvious geographic advantages, experts from Cyprus flew in to share specific reasons and initiatives, already in place by the government, to position and support Cyprus as the preferred destination to establish, operationalise, and grow a commercial strategy targeting the EMEA region.
As noted by its organisers, overall, the event helped paint the picture even more that there is a mutually beneficial and scalable business relationship in play.
At the breakfast, networking took place between a handful of technology, legal / financial services, higher education and research & innovation companies that are based in Cyprus who are actively looking to network with US companies to explore strategic relationships, access to growth capital, and possible products/services collaboration.
As participants and partners, exclusive reporting that is not publicly available showcasing why Cyprus is incredibly untapped with viable business potential was also made available.
A copy of the report from the event which dives into the current lay of the land in Cyprus, and how it’s an ideal location/middle ground for those looking to expand from the U.S.A can be accessed via the following link.: https://www.cyprusprofile.com/publication/doing-business-cyprus-usa-edition
The Cyprus delegation was made up of Achilleas Kolonas, Managing Director, IPN, Anastasija Tarasevic, Listing Agent, IPN, Aristos Constantine (Trade Commissioner of the Republic of Cyprus for North America and head of the Cyprus Embassy Trade Center in New York), Christodoulos Angastiniotis, President, CCCI, Elena Kontemeniotis, Director of Presidents Office, UNIC, Jovanna Yiouselli, Officer, CCCI, Kikkis Treppides, Chairman, K. Treppides, Laura Neroulias Bisiotis, Founder, LORA PR, Lia Riris, representing AmCham Cyprus, as well as CCCI, International and Public Relations, Marios Anastasiou, Financial & Transaction Advisor, Banking, George Z Georgiou, Petros Economides, Chairman & CEO, Cloudlayer8 Ltd & Totalserve, Stefanos Nicolaou, CEO, Consultics, and Theodoros Kringou, CEO, Infocredit.
Following opening remarks, Edward Reitler, Senior Partner of Reitler, Kailas & Rosenblatt LLC, with an expertise in mergers & acquisitions, venture capital, securities, fund formation, and more spoke about Reitler Law and the current state of the VC world.
Dr. Vincent Grasso, DO, MSIS, MBA, an AI Research Professor and member of the Forbes Technology Council, and with an expertise within the health sciences, information technology, and business spoke about his experiences of working in Cyprus and with Cypriot entities. Grasso presented his position that Cyprus offers a unique ecosystem for startups based upon its geographical location, work ethic of the people, English language fluency, academic excellence, vast array of highly educated people, access to Middle East and other markets, EEU status, favorable business, and Intellectual Property offerings.
Then an in-person Moderated Q&A Discussion featuring Cypriot-based companies focused on Cyprus as the preferred destination to explore strategic relationships to establish, operate, and grow commercial plans, targeting the EMEA region. The discussion featured Kolonas, Anastasiou, Economides and Nicolaou.
After the open discussion was completed, Kringou and Treppides also addressed the event.
The event was produced by LORA PR , a full-scale public relations firm based between the USA and Cyprus, and moderated by its Founder, Laura Neroulias Bisiotis. The event was catered by The CB Concepts, the founder of which, Chef Christos Bisiotis, is a Michelin Nominated Chef, and was the first Greek Chef to cook at the White House under the President Obama administration.
(Photos: Uptick Multimedia)