Reinforcing Med Microfinance Network System for Start-ups

Gravity Ventures Incubator

  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)
NATIONALGravity Ventures Incubator  
LOCAL (provincial, regional, municipal or equivalent territorial reality) 

B)     For each MEASURE ( to repeat for each measure)

Name/Title: Moyses Moyseos
Name of responsible organization: Gravity Ventures Incubator    
Starting year2015End yearongoing
Gravity Ventures in the only technology incubator on the island of Cyprus that provides high-quality standards of support under the umbrella of the European BIC network and the only incubator on the island that can provide customized service packages for incubated startups    
  1. What kind of activity does this measure finance?
Creation of new businesses  Yes
Strengthening of existing businesses  Yes
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)  Yes Health, Biotech, AgroFood, Space, Marine, Transport/Mobility, Energy, CleanTech  
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)No If Yes, percentage of non-repayable fund:
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 amount200k    
% 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) 
  • 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)
Company     Health, Biotech, AgroFood, Space, Marine, Transport/Mobility, Energy, CleanTech  
  • 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 2.4m
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