Startup ecosystem — Cyprus Secures Best Global Climb Award for Startup Ecosystem

Cyprus has been awarded the Best Global Climb Award Among EU Countries in the 3rd Edition of the StartupBlink Startup Ecosystem Awards. This recognition, announced by StartupBlink, a global mapping and research platform for innovation leaders, underscores the island’s rapid advancements in its startup ecosystem.

• For more information on the Research and Innovation Foundation, interested parties can visit their website at www.research.org.cy or reach out via email at support@research.org.cy.

The accolade was presented to the Research and Innovation Foundation (RIF), which serves as the national body dedicated to fostering research, innovation, and technological development in Cyprus. The award highlights the joint efforts and progress made within the Cypriot innovation landscape.

Startup ecosystem: Acknowledging Rapid Growth

Cyprus’s achievement is significantly attributed to its “impressive rise” in StartupBlink’s Startup Ecosystem Index Global Ranking, where it marked the largest improvement among all EU member states. This ranking reflects a broader trend of growth in the startup sector, positioning Cyprus as a competitive player on the European innovation stage.

Transforming into an Innovation Hub

The distinction not only celebrates current successes but also points to the ongoing transformation of Cyprus into a prominent European innovation hub. The positive trajectory indicates a growing international visibility for the island, suggesting that it is becoming increasingly attractive for startups and investors alike.

Support for Research and Innovation

The RIF’s mission involves designing and managing grant programmes for innovative activities and research projects. This approach aims to enhance the integration of Cypriot researchers within European and international research activities, fostering a collaborative environment that nurtures innovation.