Aiming to provide more networking opportunities for its research teams and to connect them with entrepreneurial and innovation ecosystems, as well as private investors abroad, Cyprus Seeds signed a cooperation agreement with the egg – enter•grow•go (egg), the most prominent start-up accelerator in Greece.
The egg accelerator has a successful ten-year track in Greece and has supported to date 1000 entrepreneurs, 310 startups, and 168 companies. During the last decade, egg successfully secured €31.4 mil. in equity funding for 36 start-ups and €3.2 mil. in Eurobank’s financial tools for 49 companies.
The official signature of the cooperation agreement between Cyprus Seeds and the egg took place on the 15th of September during the inauguration of the new E.G.G. facilities in Athens. During the Event, the Greek Minister of State and Digital Governance, Mr. Kyriakos Pierrakakis, said: “egg has proved to be a point of reference for start-ups, acting as a solid ground for them to take their first steps. Today, at the inauguration of the EGG Hub, we witness the Egg organization grow and make tremendous progress, just like the many startups that have also done so in the past thanks to its assistance. I sincerely hope that the new premises will host a dynamic and extroverted innovation ecosystem, which through international synergies will bring out the next generation of Greek startups”.
The main objective of the cooperation agreement between Cyprus Seeds and egg is to link the innovative academic research conducted in Cypriot universities and research institutions with the real economy, creating networking opportunities for young Greek and Cypriot entrepreneurs. Consequently, the academic teams joining the 3rd cycle of the Cyprus Seeds program will be given the opportunity to enter the 11th cycle of the egg accelerator gaining access to additional mentoring networks, business training, and networking activities. We are very proud to announce that the following Cyprus Seeds teams supported by Cyprus Seeds have already joined the 10th cycle of the egg accelerator:
- ARTES of the Cyprus Institute whose innovative technology addresses the increased demand for accurate descriptions of cultural heritage assets, detailed mapping, and diagnostics of preservation conditions and reports addressing provenance and authentication.
- SOLEX of the University of Cyprus whose breakthrough innovative technology detects faults in PV systems more efficiently and cost-effectively than conventional technologies ensuring maximum energy output and low-cost monitoring.
- IDS4IoT of the CYENS Centre of Excellence has also joined the egg program. The solution developed by IDS4IoT detects unknown attacks in industrial IoT networks.