08 July 2022
Launch of CyEC 2022
Third year in a row!
We are proud to announce the launch of the third edition of the Cyprus Entrepreneurship Competition (CyEC) 2022, https://cyec.org.cy, initiated by the Centre of Entrepreneurship (C4E) of the University of Cyprus with the support of the Ministry of Energy Commerce and Industry.
The Competition is organized with the contribution of distinguished organizations and professionals from the Cypriot and global business and research ecosystem that aspire to support entrepreneurship initiatives in today's innovation-driven economy.
CyEC is a business development competition designed to take innovative ventures to new heights, with the support of experts and entrepreneurs through a multidisciplinary network of Mentors and Partners. The competition aims to turn ventures into viable businesses, with global orientation. We are looking for ambitious teams who want to develop their ideas quickly and who are both agile and adaptive in pursuit of finding the best problem-solution and product-market fit.
The call for applications is now open
The deadline for submission of Executive Summaries is 12th of September 2022
Following an initial selection process, the selected teams will enter a business acceleration program designed to advance business ideas and develop competitive business plans so that teams will be prepared for their market entry. At the end of this program, end of November 2022, teams will submit a well-developed Business plan to the CyEC Panel of Judges.
With a broad Mentor's network of distinguished in their domain professionals, the CyEC aims to provide targeted advice and solutions to exclusively support the development of each business plan. The Mentors framework as part of the acceleration program aims to achieve positive impact on the development of the business ideas by sharing knowledge, expertise, and by constructively challenge the team.
CyEC 2022 will award two cash prizes for the best startups in each category:
A 17.000 EUR prize will be offered to the best team of CyEC 2022 that presents an innovative operational company and it is a potentially viable investment opportunity.
BEST STARTUP IDEA
A prize of 3.000 EUR will be awarded to the team that presents the best idea for a start-up that has not yet launched and demonstrates the best business potential.