- What are the existing microfinance measures in the country today? (indicate the number of measures)
| TYPE OF MEASURE | MEASURE (indicate the names of the measures) |
| NATIONAL | CS Cyprus Seeds |
| LOCAL (provincial, regional, municipal or equivalent territorial reality) | |
B) For each MEASURE ( to repeat for each measure)
| Name/Title: Margarita Kyprianou | |||
| Name of responsible organization: CS Cyprus Seeds | |||
| Website: https://cyprusseeds.com | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2018 | End year | ongoing |
| “Cyprus Seeds is a not-for-profit organisation with the mission to help commercialize innovative research taking place in Cypriot universities, research institutions, and Centers of Excellence. Cyprus Seeds aims to support research teams from any academic or research institution in the public and private sectors and Centers of Excellence in Cyprus to take their work from the lab to the market. To achieve its objective, it offers funding in the form of grants, mentoring, entrepreneurial training, and networking with potential customers and investors in Cyprus and abroad. Cyprus Seeds supports only research teams of Cypriot academic institutions (Universities, Centres of Excellence, academic centres) to commercialise their research, i.e. creation of a spin-outs/start-ups, licensing agreements etc. | |||
- What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes Ideation, Early Stage |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | |
| Training activities | Yes |
| Other (specify) |
- What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | No |
| Non-repayable grant (indicate the percentage of non-repayable fund) | Yes If Yes, percentage of non-repayable fund:100% |
| Tax credit | |
| Other (specify) |
- How does the activation of the measure work?
| One-stop means | |
| Call with closing date | Yes |
- Financial entity of the measure (indicate the resources allocated)
| Overall amount | 30k |
| % facilitation for each recipient | |
| Minimum amount that can be financed | |
| Maximum amount that can be financed | n/a |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | European,other |
- Type of funded social structure (indicate if belonging to a specific category is required in order to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
- Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | YES |
| Only Financial support |
- Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | |
| NO |
C) How many initiatives have been financed in the last 3 years and for what economic amount? *
| Number of initiatives 12 | Total economic amount 30K per company |
* Cyprus Seeds Programme has run 3 Funding Cycle since its establishment on 2018.
