Cyprus Entrepreneurship Ecosystem 2025

Cyprus’s startup ecosystem is thriving in 2025, with more incubators, funding options, and a supportive network driving innovation and growth across the island.

Introduction

The Cypriot economy continues to demonstrate remarkable resilience and a strong commitment to entrepreneurship. In 2024, Cyprus achieved the largest jump in the StartupBlink Global Startup Ecosystem Index, entering the Global Top 50 at position 45 and reaffirming its status as the fastest-growing startup ecosystem in the EU. This momentum is supported by targeted policy reforms, innovation investments, and a robust support network for startups and small businesses.

Recent years have seen a surge in new funding options, an expanding network of incubators and accelerators, and a regulatory environment increasingly favorable to innovation. These factors have not only fostered a culture of entrepreneurship but also attracted international talent and investors, contributing to job creation, competitiveness, and economic diversification. As Cyprus builds on these achievements, it is well-positioned to become a leading regional hub for startups and innovation.

Incubators & Accelerators

Incubators and accelerators remain a cornerstone of Cyprus’s entrepreneurial landscape, offering resources, mentorship, and networking crucial for early-stage ventures. In 2025, the ecosystem features a wider and more diverse set of programs, ranging from sector-specific accelerators to university-linked innovation centers.

Key Incubators & Accelerators in 2025:

These organizations support startups from ideation through scale-up, offering tailored training, funding, and access to investor networks. Their growing presence reflects the ecosystem’s maturation and its commitment to nurturing the next generation of Cypriot entrepreneurs.

Research & Centers of Excellence

Research institutions and Centers of Excellence (CoEs) drive innovation by creating new technologies, developing talent, and fostering industry-academia collaboration. In 2025, Cyprus boasts an expanded network of CoEs, many with international recognition and specialized expertise.

Notable Research & CoEs:

These institutions provide startups with access to state-of-the-art facilities, funding opportunities, and expert mentorship, further strengthening Cyprus’s innovation capacity.

Funding

Access to diverse funding sources continues to improve, with new venture capital funds, angel networks, and crowdfunding platforms emerging in 2025.

Key Funding Sources:

The Cyprus Equity Fund, managed by 33East, remains a significant source of pre-seed and seed-stage financing, while platforms like Crowdbase democratize access to capital for early-stage ventures. Despite this progress, further diversification and expansion of funding options are needed to sustain long-term ecosystem growth.

Co-Working Spaces

Co-working spaces are flourishing across Cyprus, providing affordable, flexible environments for startups, freelancers, and established businesses. These hubs foster community, collaboration, and knowledge sharing.

Major Co-Working Spaces by City:

Nicosia:

Axess Workspace
Business Wellness
CyprusInno The Base
HUB Nicosia
Nomads Coworking
Regus
Yfantourgeio The Workplace

Limassol:

RBY Coworking
SOHO Cyprus
The Business Bar

Larnaca:

iDesk.Space
native
Ohouse Coworking
Youth Makerspace

Paphos:

Hugge Coworking

These spaces often host events and workshops, further integrating ecosystem players and supporting entrepreneurial growth.

Institutions & NGOs

Institutions and NGOs bridge gaps between entrepreneurs, investors, and policymakers, organizing events, advocating for pro-entrepreneurship policies, and providing valuable resources.

Leading Institutions & NGOs:

Their activities continue to drive skill development, policy advocacy, and ecosystem cohesion.

Media Outlets & Events

Media coverage and high-profile events are vital for visibility, networking, and knowledge sharing within the ecosystem.

Key Media Outlets & Events:

Reflect Fest, in particular, draws thousands of international attendees, spotlighting Cyprus’s growing role in regional innovation.

Corporates & Consultancies

Corporates and consultancies provide expertise, investment, and training to startups. Their engagement is deepening, with more firms launching innovation programs and supporting ecosystem development.

Notable Corporates & Consultancies:

These organizations offer mentorship, investment, and strategic guidance, helping startups overcome challenges and scale effectively.

Conclusion

Cyprus’s entrepreneurship ecosystem in 2025 is more robust, diverse, and internationally connected than ever before. With a record rise in global rankings, expanding support structures, and a culture of innovation, the island is poised for continued growth as a regional startup hub. Continued focus on funding, infrastructure, and talent development will be essential to sustain this momentum and unlock new opportunities for entrepreneurs and investors alike.