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Cyprus’ Malloc Selected For European Defence Innovation Accelerator

Strategic Validation For A Dual-Use Cybersecurity Platform

Malloc Ltd, an AI-driven mobile cybersecurity company specialising in spyware protection and secure communications, has been selected for Cohort #3 of the European Defence Innovation Scheme (EUDIS) Business Accelerator.

The Nicosia-based company was one of 20 startups chosen from a record 499 applications submitted across the European Union and Norway.

An Accelerator Built For Defense-Grade Innovation

Launched by the European Commission and the European Defence Agency, the EUDIS Business Accelerator helps companies developing defence and dual-use technologies scale their products for the European market.

The eight-month programme begins in September 2026 and offers tailored business coaching, mentorship from defence specialists, access to testing facilities and participation in five regional bootcamps across Europe. It also provides opportunities to connect with defence organisations, end users and investors.

Why The Selection Matters

Malloc develops AI-powered mobile cybersecurity technology that detects and blocks spyware, prevents unauthorised surveillance, and secures communications through on-device machine learning.

The company’s selection reflects growing demand for technologies that protect mobile devices, which are increasingly viewed as critical infrastructure in both commercial and defence environments.

Leadership Perspective

“Securing a spot in Cohort #3 out of nearly 500 applicants is a powerful validation of Malloc’s core technology,” said Maria Terzi, CEO of Malloc.

“Advanced spyware blocking and completely secure mobile communications are no longer just corporate necessities. They are critical requirements for modern defence infrastructure. Through the EUDIS framework, we look forward to adapting our AI-driven privacy solutions to meet the rigorous demands of the European defence ecosystem and contributing to a safer, more resilient Europe.”

About Malloc Ltd

Malloc Ltd is an AI-driven mobile cybersecurity company specializing in spyware blocking and secure communications. Using proprietary on-device machine learning models, the company monitors mobile environments to detect and block unauthorized surveillance, prevent spyware execution, and encrypt communication channels in real time. Malloc serves individual users and enterprises globally, helping protect data and secure sensitive mobile intelligence.

About The Eudis Business Accelerator

The European Defence Innovation Scheme (EUDIS) Business Accelerator is a flagship initiative supported by the European Defence Fund (EDF). Delivered in partnership with Europe’s defense innovation ecosystem and industrial players such as Starburst Aero, the program is intended to close the gap between commercial technology developers and European defense requirements. Each cohort supports up to 20 high-potential companies with funding, mentorship, and market access.

Learn more at www.eudis-business-accelerator.eu.

Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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