- 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 | KV KINISIS VENTURES FUND RAIF V.C.I.C. PLC |
| LOCAL (provincial, regional, municipal or equivalent territorial reality) | |
B) For each MEASURE ( to repeat for each measure)
| Name/Title: Yiannos Georgiades | |||
| Name of responsible organization: KV KINISIS VENTURES FUND RAIF V.C.I.C. PLC | |||
| Website: www.kinisisventures.com | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2018 | End year | ongoing |
| The founders of the Fund are business professionals with international experience and expertise in enterpreneurialism, commercialization srategies and tactics, law, investment strategy etc. Launched with seven strong portfolio companies with significant USA and other international markets potential. First of its kind innovation CySec VC fund uniquely positioned to capitalize on the domestic and regional financing gap. Our investment team leverages their USA business & investment insights and experience in picking companies and driving USA and international commercial growth. Focus is on Cyprus innovative companies with the prospect of diferentiating, competing, and growing international markets such as the USA The fund is sector agnostic but focuses on sectors in which our expert team of USA based advisors can guide the portfolio companies to faster commercialization and international growth opportunities. The fund’s portfolio common thread is disruptive or category redefining technology and USA market scalability & relevancy. | |||
- 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 Innovation, Technology |
| Training activities | No |
| 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 | Yes |
| Call with closing date |
- Financial entity of the measure (indicate the resources allocated)
| Overall amount | |
| % 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 | Total economic amount |
