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July, 23 2018
July, 17 2018
Invest Cyprus Promotes Cyprus as an Attractive Investment Destination for Startups in Asia
Cyprus Investment Promotion Agency - Invest Cyprus successfully participated in the international conference RISE in Hong Kong, which is the largest startup conference in Asia.
In the framework of the conference, 500+ startups were given the opportunity to present their products and services to more than 15,000 attendees from 100 countries.
Invest Cyprus participated with a purpose branded booth showcasing the benefits of Cyprus as an investment destination for startups. Special emphasis was given to the country’s program for attracting startups, which generated a keen interest by Asian entrepreneurs that are looking for startup-friendly country programs for their expansion plans to Europe.
Among 350 speakers from all over the world, Kyriacos Kokkinos, Invest Cyprus Board member, participated in the RISE panel discussion “How do giants emerge”, along with Wan Shamilah, Chief Digital Officer of Petronas and 85B energy company and Edith Yeung, Partner of 500 Start-ups in China. The discussion was moderated by Sid Shah, Partner and Managing Director of BCG Digital Ventures.
Kokkinos explained the importance the Organisation attributes to digital economy, while stressing the value and collaborative role of startups and organisations in the effort to transition to the digital era. He especially highlighted Cyprus’ innovative Startup Visa Program as a key example of how countries promote and support their startups ecosystem to collaborate and co-create with the wider global startup community. As he said: ‘This program is a brilliant national initiative for bringing startups together, promoting cross-fertilisation in knowledge creation and sharing at global scale towards digital economy’.
Key themes promoted by startups at the conference were digital economy, artificial intelligence, cybersecurity, autonomous driving and Blockchain, presented to a distinguished audience of entrepreneurs and investors from some of the world’s biggest companies and major global media.
Marios Giorgoudis, Investment Promotion Officer of Invest Cyprus who participated in the conference along with Board member Kyriacos Kokkinos, stated: “RISE was an excellent platform for fruitful discussions as well as extensive networking opportunities with key players in the innovation and tech ecosystem –ranging from investor & corporations to startups- with the goal of further promoting research and innovation in Cyprus and creating a knowledge-based economy, in line with international trends and developments. We were positively surprised by the very strong interest demonstrated by participants in Cyprus’ program”.