articles | 17 May 2019

Cyprus Seeds completes second phase of evaluation process

Cyprus Seeds completed the second phase of the evaluation process, namely the Web-Video Interviews with the 16 projects which were short listed on the basis of the written applications.

The interviews with the 16 research projects that scored high in their written applications were invited for interviews with a committee of seven experienced evaluators from the USA, between Monday, 13thof May and Friday, 17thof May.  EY Cyprus, one of the program’s initial donors and supporters hosted the Web-Video Interviews.

Cyprus Seeds invited the 16 projects to remote interviews with a number of international evaluators, comprising of successful entrepreneurs, individuals who commercialized their own research and investors in technology start – ups. Each of the 16 research teams were asked to give a 7-minute presentation on their project, followed by a Q&A session.

In her remarks, Maria Georgiadou, Managing Director of Cyprus Seeds, highlighted that Cyprus Seeds will be finishing the evaluation process, which started in April in less than one month ago and will be announcing the first Grantees of the Cyprus Seeds program at the end of May.

Also, Ms. Georgiadou announced that on June 12th, Cyprus Seeds will bring to Cyprus Ms. Marina Hatsopoulos, Director of Levitronix Technologies and investor in start-ups in Greece and in the USA, to celebrate the commencement of the first 12M Funding cycle of the Cyprus Seeds Program and to introduce the Grantees.

Cyprus Seeds is a non-profit organization set-up in Cyprus, in July 2018, with the mission to help commercialize innovative academic research taking place in the universities and research institutions in Cyprus, by providing seed funding, in the forms of grants, mentoring, business skills training and networking.

The main sources of funding to Cyprus Seeds are donations. The initial donors are The Hellenic Initiative (THI), The A.G. Leventis Foundation, private corporations in Cyprus, including Eurobank and EY Cyprus, and individuals in Cyprus and abroad, including Mr. George David, Cypriot entrepreneur and philanthropist. You may find more information about the Program in its website

For the implementation of its program, Cyprus Seeds has partnered with the MIT Enterprise Forum Greece (MITEF Greece). MITEF Greece, the Greek chapter of the global MIT Enterprise Forum, is a non-for-profit organization affiliated with MIT which offers one of the most successful accelerator programs for start-ups in Greece, as well as an annual competition for start-ups.

About Cyprus Seeds

Cyprus Seeds is a new, non-profit initiative to support the commercialization of innovative academic research in Cypriot universities and research institutions.

Cyprus Seeds provides grants, one-to-one mentoring combined with entrepreneurial training and networking outside Cyprus, in order to help research projects, mature to a stage that can attract venture capital and funding from private investors.

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