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CYENS Kicks Off Its Pre-Accelerator Programme

The Pre-Accelerator Programme at CYENS has officially begun, offering a unique opportunity designed specifically for researchers to bridge the gap between innovative ideas and market-ready solutions.

“Tailored for CYENS researchers and guided by esteemed professors from the University of Cyprus, this programme is a pivotal step for those aiming to transform groundbreaking research into viable, impactful startups,” the post noted.

It also listed the following key benefits of the programme:

  • Structured Framework: The pre-accelerator provides a comprehensive framework, guiding researchers through crucial stages of commercialisation, from concept validation to business model development.
  • Experienced Mentors: Participants will engage with seasoned mentors who have successfully transitioned from research to entrepreneurship, offering invaluable insights to refine ideas, avoid common pitfalls, and expedite market entry.
  • Essential Resources: Researchers will gain access to funding opportunities, legal advice, and networking events—vital resources for turning research into successful ventures.
  • Skill Development: The programme enhances entrepreneurial skills through intensive workshops and training sessions covering business planning, market analysis, intellectual property management, and more.
  • Collaboration and Networking: Participants will connect with like-minded researchers and entrepreneurs, fostering collaborative projects, partnerships and co-founding opportunities to expand the impact of their research.
  • Visibility and Exposure: Researchers will have the chance to showcase their projects to potential investors, industry leaders, and strategic partners, attracting the support and resources needed to bring their innovations to market.
  • Industry Mentors: Starting in July, participants will be paired with industry experts who will guide them through the commercialisation process with real-life experiences and insights.

“This programme is essential for researchers looking to turn their innovative research into successful startups and is a testament to CYENS’ commitment to fostering entrepreneurship and innovation,” the post concluded.

HSBC Restructures Banking Divisions and Appoints First Female CFO

HSBC is undergoing significant changes as part of a strategic restructuring led by new CEO Georges Elhedery. The bank is merging its commercial and investment banking units in a bid to streamline its operations, cut costs, and enhance efficiency. This transformation includes consolidating its business into four divisions: UK, Hong Kong, corporate and institutional banking, and wealth banking. The newly formed corporate and institutional banking division will integrate commercial banking with its global banking and markets business, along with its Western wholesale operations.

A notable aspect of this overhaul is the appointment of Pam Kaur, HSBC’s first female Chief Financial Officer, marking a historic moment for the bank. Kaur, who has been with HSBC since 2013 and currently serves as Chief Risk and Compliance Officer, will step into this leadership role at a time when the bank is under pressure to reduce expenses and optimize its business structure.

Other leadership shifts include Greg Guyett assuming a new role as Chair of the Strategic Clients Group and the departure of Colin Bell, CEO of HSBC Bank and Europe, who is leaving to pursue other opportunities. HSBC has been gradually reducing its presence in Western markets like the U.S., France, and Canada to focus on its stronger foothold in Asia.

These changes are part of HSBC’s broader efforts to simplify operations and position itself for future success in an increasingly competitive and cost-sensitive environment.

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