Cyprus startup ecosystem sees fivefold increase since 2020

Chief Scientist Demetris Skourides on Thursday said that Cyprus already has the foundations to become a strong regional innovation hub.

Addressing participants at a forum in Limassol, he stated that Cyprus is open for business and aims to build a two-way value flow with companies, facilitating their access to Europe, while positioning the country as a platform for international expansion.

“Many people often ask whether Cyprus can truly become a global or regional hub; the answer is yes,” he said.