Open Calls

Idea Innovation Centre Launches 11th Startup Programme To Empower Emerging Entrepreneurs

Innovative Gateway To Business Success

The IDEA Innovation Centre of Bank of Cyprus has opened applications for its 11th Startup Programme, inviting visionary entrepreneurs to transform breakthrough ideas into thriving businesses. Applications are being accepted until February 13, 2026.

Nurturing Scalable Ideas

Recognized as Cyprus’ premier hub for innovation and business support, IDEA is seeking teams that are developing novel products or services or innovating novel solutions to persistent challenges. To qualify, applicants must consist of at least two dedicated team members and demonstrate that their concept holds the potential to scale beyond local borders through advanced technology.

Comprehensive Support And Funding

The programme spans nine intensive months, merging robust funding with structured support. Participating startups will receive seed capital of €20,000 and undergo rigorous business-creation training designed to establish and optimize operational frameworks. Complementary services include expert mentorship from industry leaders, as well as legal, accounting, marketing, and ICT advisory, ensuring founders are well-equipped to navigate the competitive business landscape.

Strategic Networking And Investment Opportunities

In addition to foundational training, the programme facilitates access to business-development resources such as networking events and introductions to angel investors. Over the past decade, IDEA has evolved into a cornerstone of the Bank of Cyprus’ long-term commitment to fostering entrepreneurship, having supported the launch of 100 startups and assisted over 260 entrepreneurs in transforming early-stage ideas into established ventures.

Driving Economic Growth

The initiative is a strategic investment aimed at stimulating economic growth and harnessing local talent. Many alumni have successfully secured both local and international investment, expanded their operations globally, and generated more than 120 jobs, underscoring the tangible impact of a well-supported entrepreneurial ecosystem.

U2V Launches Europe-Wide Push To Fund University Spin-Off Deeptech

U2V (University2Ventures) has announced a first close of its inaugural venture fund, Fund I, which is targeting €60m to invest in pre-seed and seed deeptech university spin-offs across Europe. The fund focuses on startups emerging from academic research that are developing technologies with industrial and commercial applications.

Benefits

Startups backed by U2V receive early-stage venture capital and access to an industrial network that the fund says includes more than 500 corporate partners. The fund’s model is built around supporting early technical validation, pilot projects and go-to-market development, particularly for technologies requiring close collaboration with industry.

U2V also works closely with European universities and technology transfer offices, highlighting their relationships with institutions such as TU Munich, ETH Zurich, RWTH Aachen, Oxford, Cambridge, Imperial College London, DTU Denmark, Politecnico di Milano, and École Polytechnique.

Who can apply

The fund targets:

  • University spin-offs and startups commercialising academic research
  • Companies at the pre-seed or seed stage
  • Founders working in AI and novel computing, industrial technologies, and cleantech
  • Startups based in Europe, as defined by the fund’s stated geographic scope

How to apply

Founders are encouraged to approach the fund directly through its official channels by sharing a pitch deck and outlining the academic origin of the technology, its commercial potential, and industrial use case.

About the fund

U2V (University2Ventures) was founded by Philipp Semmer, Michael Schmitt, and Johannes Triebs. Fund I is targeting €60m in total; the amount raised at first close has not been disclosed publicly, although the firm has described it as being in the “strong double-digit millions”.

Jungheinrich, through its venture arm Uplift Ventures, is an anchor investor in the fund, alongside family offices, founders and industry executives.

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