Empowering Deep-Tech: Cyprus Seeds and Conception X Forge a New Path for Academic Innovation

by THEFUTURE.TEAM

August 27, 2025

Cyprus Seeds has taken a bold step in bridging academic excellence and market innovation through its strategic partnership with Conception X—the UK’s foremost deep-tech venture program dedicated to transforming PhD researchers into startup founders.

Uniting Research And Entrepreneurship

This collaboration marks a pivotal milestone in Cyprus Seeds’ mission to accelerate research-led innovations and empower academic teams. By enrolling select groups from leading universities and Centres of Excellence in Cyprus into Conception X’s intensive training and mentorship programs, the initiative provides researchers with robust entrepreneurial tools and strategic guidance to commercialize their groundbreaking ideas.

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Leveraging Deep-Tech Expertise

Conception X’s proven track record in nurturing high-impact deep-tech startups directly complements Cyprus Seeds’ commitment to advancing scientific entrepreneurship. With a portfolio featuring over 170 ventures—from next-generation cancer vaccines to carbon-absorbing building materials—and a valuation exceeding £500 million, Conception X offers unparalleled expertise that strengthens Cyprus Seeds’ comprehensive package of funding, training, and networking opportunities.

Strengthening Cyprus’ Innovation Ecosystem

This partnership is set to further embed a culture of innovation within Cyprus by transforming cutting-edge academic research into tangible market solutions. The strategic alliance not only enhances Cyprus Seeds’ existing innovation grant programme but also fortifies its role as a catalyst for a more research-driven entrepreneurial ecosystem, both locally and on a global scale.

A Catalyst For Global Innovation

With accolades that include recognition by the Financial Times as one of Europe’s Leading Start-up Hubs in 2025, Cyprus Seeds continues to expand its robust international network. Collaborations with prominent partners in the USA and Europe underscore its mission to accelerate scientific breakthroughs and foster new career pathways for researchers.

Ultimately, the collaboration with Conception X represents a deliberate move to reshape Cyprus’ innovation landscape, making it a burgeoning hub for deep-tech entrepreneurship that addresses global challenges with precision and foresight.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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