Is Cyprus becoming Europe’s newest tech island?

Is Cyprus becoming Europe’s newest tech island? Cyprus wants to serve innovative entrepreneurs and motivate them to choose the island as their base.

The Cypriot talent pool is educated and largely proficient in English, and the government offers tax incentives that can make the beginnings in Cyprus easier. The priority is to develop a highly-skilled technology talent pool locally and at the same time open the doors to global talent to relocate to the island. 

Cyprus-based companies have achieved significant milestones. 

Odyssey, with an office in Nicosia, was just included in the Gartner 2021 Magic Quadrant. Online course marketplace LearnWorlds has managed to raise $32 million (€27 million).

Omilia, raised an impressive $20 million (€17 million) last year to work on their conversational AI technology for enterprises. 

Nexters Global’s IPO a deal that values the company at $1.9 billion.

Palta, a health & well-being technology company, has recently raised $100 million (€85 million) in a Series B funding round.

At the beginning of this year, more than 100 tech companies have joined forces to showcase that Cyprus is an ideal place to live, work, and innovate. They have launched Techisland, a non-profit organization with a mission to promote the acceleration of the local tech ecosystem.

credit: Article by Reflect, link below.

#startups #innovation #technology #jobs #entrepreneurs #talent #funding #cyprusjobs

Related News