Young entrepreneurs and startups in Cyprus can apply for the 2026 Stelios Awards for Young Entrepreneurs, with €200,000 available across three prizes.
Applications opened Sept. 1 and close Oct. 31. Winners will be announced at a ceremony in Nicosia on Nov. 10.
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Three Prizes For Young Entrepreneurs
The first-place winner will receive €100,000, followed by €60,000 and €40,000 for second and third place. The funding is intended to support business growth, expansion and job creation.
Applications and details are available on the Stelios Awards website.
Awards Have Distributed More Than €360,000
The program, launched in Cyprus in 2023, is part of Sir Stelios Haji-Ioannou’s efforts to support young entrepreneurs. More than €360,000 has been awarded since its launch.
The 2026 edition follows a record 77 applications in 2025. George Chrysostomides, founder of Limassol-based Shrine Solutions Ltd., won the €100,000 first prize for its e-commerce technology platform, shrine.io.
Chrysostomides later pledged the full prize to young entrepreneurs and families facing financial hardship in Cyprus. Chrystallena Poulli of CP Herbalist received €60,000, while Harout Chouldjian and Panayiotis Frantzesko of Luxmery received €40,000.
The awards fund increased from €100,000 in 2024 to €200,000 in 2025 and remains at that level for the 2026 competition.
