Reinforcing Med Microfinance Network System for Start-ups

CS Cyprus Seeds

  1. 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)
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  
Starting year2018End yearongoing
“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.  
  1. 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 dateYes
  • Financial entity of the measure (indicate the resources allocated)
Overall amount30k    
% facilitation for each recipient 
Minimum amount that can be financed 
Maximum amount that can be financedn/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)
 FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
  • Does the measure provide for accompaniment and training or only financial support?
Financial support + accompaniment/trainingYES
Only Financial support 
  • Is the measure considered a good practice and as such replicable in other national and / or international contexts?

C) How many initiatives have been financed in the last 3 years and for what economic amount? *

Number of initiatives 12Total economic amount 30K per company  

* Cyprus Seeds Programme has run 3 Funding Cycle since its establishment on 2018.

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