Technology category powered by

Invest Cyprus and TechIsland MoU to boost local tech ecosystem

Invest Cyprus and TechIsland have signed a Memorandum of Understanding (MoU) towards fostering a vibrant and sustainable tech community that contributes to Cyprus's economic growth and job creation.

According to an announcement, through this collaboration, the two organisations will pursue ongoing information exchange, joint research, and industry studies, while supporting each other in organising conferences, business meetings, and events focused on innovation and sector development. They will also coordinate efforts to address regulatory and procedural challenges to create a more welcoming business climate for current and prospective international technology companies looking to expand or relocate to Cyprus.

MixCollage-05-Nov-2024-09-02-PM-578

Chairman of Invest Cyprus, Evgenios Evgeniou, commented, “Cyprus is establishing itself, steadily but surely, as a tech hub. Today’s Memorandum of Understanding (MoU) represents an important step towards our collective vision to enhance further the technology sector by identifying synergies and exploring new avenues for innovation and growth, which will strengthen the position of Cyprus as a premier destination for businesses, investments, and talent in emerging technology niches.”

MixCollage-05-Nov-2024-09-04-PM-4041

On behalf of TechIsland, Chairman of the Board Valentinos Polykarpou stated, “This partnership underscores TechIsland’s deep commitment to advancing the technology sector in Cyprus. Together with Invest Cyprus, we aim to create an environment conducive to innovation and entrepreneurship, attracting and retaining skilled talent and strategic investments. This partnership will lay the foundation for a technology-driven, resilient economy by creating an environment that fosters both growth and global competitiveness for tech enterprises in Cyprus.”

Read More

Cyprus plays "active and coordinating role" at EU talks on future of research and innovation
Why the major Greek IT groups are expanding their presence in Cyprus
TechIsland members on why establishing a Legal Community is vital for the island's tech industry
Cyprus and Malta sign MoU on research and innovation
CCCI and CSEO sign Memorandum of Cooperation
"Moderate Innovator" Cyprus drops 14.6 points in EU Innovation Index
Nominations for the 2025 Cyprus Research Awards are now open
CyBC and CYENS Centre of Excellence sign MoU
Chief Scientist meets with PASYKAF
CUT signs MoU with Canadian Commercial Corporation for earth observation & space cooperation