Competition Launch and 1st Call for Applications: July 8th 2022
Submission of Executive Summaries: Friday September 16th 2022 @ 10:00
Announcement of Stage 1 Results: Monday September 26th 2022
Appointment of Mentors: Thursday September 29th 2022
Acceleration Program: October 1st - November 14th 2022
Submission of DRAFT Business Plans: October 24th 2022
One 2 one Consultation on DRAFT Business Plans: October 31st - November 4th 2022 *
Video Pitch Submission: November 1st 2022 **
Submission of Business Plans (Stage 2): November 14th 2022
Pitching Day (closed session): Monday November 28th 2022 at 18:00
Final Conference and Award Ceremony: Wednesday November 30th 2022
Note: Applicants and participants are strongly encouraged to regularly visit the Competition website for any updates/changes.
CyEC is open to teams with a start-up business idea which technology plays a key role. Participants will be requested to develop their business plan in 3 incremental stages, with guidance and feedback. Please check Terms & Conditions for participation and eligibility criteria.
Stage 1 LINK:
Participants submit an Executive Summary of a pitch deck up to 4-7 pages long, where they outline:
i) The Business Idea
ii) The Competitive Advantages
iii) The Target Market
v) The Market Potential
vi) The Qualities of the Team
Application screening: The Centre for Entrepreneurship (C4E) Board of Admissions will screen applications and interview teams to determine which business ideas will be sent to the judges for review. Applications that are incomplete, do not adequately provide the required information, or answer the application questions, will be ultimately disqualified.
All selected submissions are then evaluated by the CyEC Jury on their merits in developing successful businesses in the marketplace. The Cyec Jury will decide which applications will proceed to the next stage on their merits in developing successful businesses in the marketplace.
Stage 2 ACTIVATE:
The purpose of Activate is to enable teams to validate their idea and further develop their business plan. Successful applicants entering Stage 2, undergo a high quality, zero equity intensive Acceleration Program (6 weeks) with 4-5 tailored workshops and one private business plan consultation session. The teams have the unique opportunity to develop their ideas, refine their value proposition, grow their business skills and network through a series of carefully designed workshops and events with local and international partners. All teams will be assigned mentor(s) with suitable expertise according to the content of each business idea, will have access to the C4E Network of corporate partners and investors, as well as access to the valuable network of other entrepreneurs in the Cyprus and regional ecosystem.
Teams who enter stage 2 are required to submit a short video pitch which communicates their business idea*. At the end of this program, teams are required to submit a well-developed Business Plan.
Stage 3 PITCH:
The finalists are expected to present their Business Plans in a closed meeting with the CyEC Jury and the CyEC Mentors Network. All finalists are also required to present a 3-minute long pitch of their business at the CyEC 2022 Finalists Pitching presentation part of the 2022 Innovation & Entrepreneurship Forum in the University of Cyprus. The winning team(s) will be announced after the presentation together with he selected team(s) entering Stage 4 GROW.
* DRAFT Business Plans must be submitted by Monday October 24th 2022 at email@example.com to be reviewed by the appointed consultant.
** Video Format and requirements:
Please submit a 1-5 minute video pitch idea with a YouTube unlisted link. The video can be made in any way you find creative pitching your innovation. All members of the team can talk or you can assign the team's speaker. Video quality will not be evaluated.
Once you upload your pitch video on YouTube make sure that it's Unlisted not Private and send the link to firstname.lastname@example.org with the Subject name of your company.