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.

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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.

Overview

HIRO Capital has launched HIRO III, a new multi-stage fund focused on companies in the UK and Europe. The fund will deploy €5m–€50m cheques and will invest in sectors including spatial AI, robotics, immersive computing, and defence.

“This is an amazing moment of opportunity for the UK/Europe’s tech ecosystem,” says Nick Clegg, General Manager at HIRO Capital. “We have some of the most outstanding researchers and universities on the planet, and great engineers and entrepreneurs, too. Our problem is not a lack of innovation; it is a lack of capital at scale. Europe may have its critics, but we have a vibrant start-up scene which is now ready to accelerate – I believe the Hiro team has the unique geographic and technological reach to help make that happen.”

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Benefits

• Multi-stage investment with ticket sizes €5m–€50m 
• Stage covergar: investing from Seed through Series C/Scale Up

Who can apply

HIRO invests in AI, autonomy and robotics, cloud and future compute; spatial computing and simulation, games, sports tech, digital augmentation, longevity, next generation defence, and the space economy. 

It invests across its Europe+ region, covering the EU, UK, Norway, and Switzerland, and extending through Ukraine, Turkey, and Israel.

How to apply

HIRO accepts inbound approaches through its official website channels. Founders should submit a pitch deck and core company materials through the firm’s contact routes. 

About the fund

HIRO Capital is a founder-led European VC launched in 2018 and built around a thematic focus on technologies where computing moves into the physical world and into day-to-day life through AI, spatial computing, and autonomy. It invests from Seed through Series C and scale-up and focuses on companies with the potential to build large outcomes in its target sectors across Europe+.

Hiro Capital was founded by Luke Alvarez, the co-founder of Inspire Entertainment, the Nasdaq-listed games and virtual sports firm, Sir Ian Livingstone, former chairman of the studio behind the game Lara Croft: Tomb Raider, and Cherry Freeman, the co-founder of crafts marketplace LoveCrafts. Recently, Nick Clegg joined as a General Partner in connection with the HIRO III launch.

Alongside the fund launch, HIRO expanded its advisory bench. HIRO’s advisory board includes AI pioneer Yann LeCun and additional senior figures specialising in robotics, defence, and product design.

HIRO’s portfolio includes Sidero Labs, Carv, Keen Games, Frameplay, Incredibuild, Team Liquid, FitXR, LIV, Polyarc, PlayerData, Lamina1, Skybound, Playbook, and Soccerverse, among others.

Accelerating the Green Transition

EAC Supply, in collaboration with the Cyprus Energy Agency, has announced the launch of the groundbreaking AHK+ Grant Scheme. Designed to support businesses, local authorities, and vulnerable households in Cyprus, this initiative marks a significant step toward a cleaner, more efficient energy future.

Targeted Upgrades for Immediate Impact

The scheme is strategically divided into two categories. Category A focuses on the rapid replacement of outdated lighting fixtures with modern LED technology. Businesses, organizations, and local authorities are encouraged to upgrade their lighting systems by subsidizing LED panels (60x60cm) at a grant rate of €30 per unit and round LED panels (17cm) at €20 per unit. This targeted investment is crafted to curtail unnecessary energy consumption immediately.

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Enhancing Comfort and Efficiency for Vulnerable Households

Category B is tailored exclusively for vulnerable AHK Supply customers under Tariff 08. By subsidizing the replacement of older, energy-intensive air-conditioning units with high-efficiency models rated A++ or A+++, the scheme ensures that these households not only experience enhanced comfort but also enjoy long-term energy savings. Grants under this category vary between €170 and €470 per unit, reflecting the capacity of the new device installed.

Robust Funding and Streamlined Application Process

Boasting a total budget of €5.5 million, with €4.5 million allocated to lighting and €1 million directed toward air-conditioning replacements, the AHK+ Grant Scheme is set to run for three years. Applications are accepted through the dedicated electronic platform until September 30, 2028, or until the funds are fully depleted. Interested parties should consult the scheme’s official platform and review detailed guidelines available in the official guide.

The Future of Energy Efficiency in Cyprus

This initiative not only promises immediate economic and environmental benefits but also demonstrates a forward-thinking model for energy efficiency. By strategically investing in modern lighting and air-conditioning systems, Cyprus is setting a benchmark for smart energy management and sustainable growth across sectors.

Government Initiative Aims to Empower Cypriot Exporters

The Cypriot government has taken a decisive step to boost the international competitiveness of its local businesses. The Cabinet recently approved the new De Minimis Sponsorship Plan, designed to support Cypriot companies participating in international trade exhibitions where the Ministry of Energy, Commerce and Industry (MEIC) operates a government booth. The initiative, proposed by Minister George Papanastasiou, is poised to drive Cypriot producers into new markets.

Strategic Investment to Enhance Global Outreach

With a targeted budget of €1,700,000 allocated for 2026, the plan seeks to strengthen the international presence of Cypriot companies involved in manufacturing and product trading. The overarching goal is to increase exports and assist these enterprises in penetrating competitive global marketplaces. This strategic investment is expected to empower businesses to achieve sustainable growth, resonating with similar international initiatives that have successfully deepened market reach.

Eligibility and Submission Guidelines

Eligibility for the scheme extends to companies and officially recognized Producer Groups and Organizations operating in the industrial processing and trading sectors—including those in allied service industries. Notably, the government clarifies that participation is contingent on the timely receipt of applications. Companies are eligible to apply individually via direct submission, by registered mail, or private courier between November 28, 2025, and December 19, 2025. Late submissions beyond December 19, 2025, will be considered untimely and will not be reviewed.

Global Trade Fairs on the Horizon

The approved sponsorship plan will facilitate participation in a series of high-profile international trade fairs. Key events include the Industrial Products Exhibition in Athens (May 8-10, 2026); Food and Beverage exhibitions in Dubai (January 26-30, 2026); and notable exhibitions in Düsseldorf (March 15-17, 2026), Paris (October 17-21, 2026), and Berlin (February 4-6, 2026). These events represent well-timed opportunities for Cypriot businesses to showcase their products on a global stage.

This government-backed initiative is a clear indication of Cyprus’s commitment to fostering economic growth through enhanced international trade. It underscores a forward-thinking approach where strategic public investments catalyze private sector success on global platforms.

Overview Of The New Subsidy Call

The Ministry of Transport, Communications and Works is set to announce the fourth round of grants aimed at promoting electromobility in Cyprus under the Recovery and Resilience Plan. Applications will be accepted exclusively online from December 5, 2025, at 09:00 until December 9, 2025, at 09:00.

Streamlined Verification Process

In a significant move backed by European authorities, the Road Transport Department has implemented a simplified verification mechanism. Instead of the previously cumbersome process of disbursing grants, eligibility will now be confirmed upon the completion of vehicle registration. Beneficiaries will have until June 30, 2026, to finalize the registration, thereby expediting program implementation.

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Fair And Transparent Selection Procedure

If the number of submissions exceeds the available grants, an electronic lottery will be conducted on December 9, 2025. This process, observed by media representatives, is designed to ensure fairness and transparency.

Eligibility And Compliance Requirements

The grant is open to individuals, legal entities, businesses, organizations, municipalities, communities, NGOs, associations, foundations, and federations. Interested parties are encouraged to consult the detailed Guide To The Plan, which outlines the grant categories and participation criteria. Moreover, applicants with outstanding debts to the Tax Department or Social Insurance Services must settle or arrange payment terms within eight working days after preliminary approval to maintain eligibility.

Budget Allocation And Grant Distribution

The total funding for this round amounts to €5,620,000, distributed across 520 grants. The allocation details are as follows:

• D5 – Purchase of a new private-use vehicle with zero CO₂ emissions: Grant of €9,000 for 380 vehicles, totaling €3,420,000.
• D7 – Purchase of a new vehicle with zero CO₂ emissions designated for eligible disabled vehicle use: Grant of €20,000 for 40 vehicles, totaling €800,000.
• D8 – Purchase of a new vehicle with zero CO₂ emissions for large families: Grant of €20,000 for 40 vehicles, totaling €800,000.
• D9 – Purchase of a used private-use vehicle with zero CO₂ emissions: Grant of €9,000 for 50 vehicles, totaling €450,000.
• D10 – Purchase of a new electric commercial vehicle (N1 category, up to 3,500 kg) with zero CO₂ emissions: Grant of €15,000 for 10 vehicles, totaling €150,000.

This decisive initiative underscores the Cyprus Government’s commitment to promoting sustainable transport solutions within the broader framework of economic recovery and environmental resilience.

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.

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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.

Limassol’s rapidly growing crypto scene has a new focal point. From November 17 to December 16, CryptoProcessing by CoinsPaid, one of the world’s leading crypto payment gateways, is hosting a dedicated Crypto people meeting point at WAGMI Coffee, transforming one of the city’s most popular social terraces into a hub for professionals, entrepreneurs, and enthusiasts eager to exchange ideas, discuss crypto payments and enjoy signature drinks.

The WAGMI Coffee terrace, already a familiar gathering spot for locals, is being reimagined for a month-long initiative aimed at bringing the community closer together. Whether you’re interested in integrating cryptocurrency payments into your business or simply want to meet others active in the digital asset space, the venue is set to offer an inviting atmosphere for networking and coworking.

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The goal of CryptoProcessing by CoinsPaid is to make crypto payments straightforward, accessible, and friendly. Throughout the month, visitors will have the chance to speak with company representatives, connect with industry experts, enjoy WAGMI Coffee’s signature drinks, and experience one of Limassol’s favorite social locations from a new perspective. Visitors can also win a discount on CryptoProcessing by CoinsPaid services and some fresh, high-quality coffee beans.

Opening Party on November 21

To officially kick off the initiative, CryptoProcessing by CoinsPaid will host an Opening Party on November 21, welcoming local businesses, partners, and crypto enthusiasts. The evening promises lively discussions, hands-on insights into crypto payments, and a celebratory atmosphere. Guests can expect welcome treats, a tea ceremony, a live DJ set, and the chance to meet the CryptoProcessing by CoinsPaid team in person, including product and risk management representatives.

Event Details:

Registration (required): https://luma.com/xa0hhdmj
Date: November 21
Location: WAGMI Coffee, Ayias Zonis 12, Limassol
Time: 18:00
Dress code: Wear a green element

The EIT Community New European Bauhaus (NEB) has launched the €1 million Catalyse NEB 2026 programme, a major European funding call to support 20 impact-driven startups across Europe. The initiative is part of the European Institute of Innovation and Technology (EIT) and aims to accelerate ventures that blend sustainability, design, and inclusion,  the core values of the New European Bauhaus movement.

Overview

Through Catalyse NEB 2026, selected startups will gain the tools, funding, and European network needed to scale their solutions responsibly. The programme supports innovators working at the crossroads of creativity, technology, and sustainability, from climate and circular economy, to food, manufacturing, urban mobility, and wellbeing.

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Delivered by EIT Climate-KIC, with partners including EIT Food, EIT Manufacturing, and EIT Urban Mobility, the call strengthens cross-sector collaboration and fosters startups that help turn the European Green Deal into reality through human-centred design.

Benefits

Each of the 20 selected startups will receive a €50,000 support package, including a combination of financial support, in-kind services, and mentoring, as well as an additional €22,000 grant for travel, dissemination, and participation costs.

Startups will also benefit from:

• Tailored business and communication mentoring aligned with NEB values
• Training workshops on strategy, storytelling, and impact measurement
• Visibility and investor exposure through EIT events and pan-European platforms
• Integration into the EIT Community network of over 2,000 partners and 60 innovation hubs

Who Can Apply

Startups must be:

• Legally registered in an EU Member State or Horizon Europe–Associated Country
• Founded on or after 1 January 2021
• At pre-seed, seed, or early-stage (up to Series A)
• Have raised less than €1 million in total
• Led by at least one founder who will actively participate in the programme
• Ready to sign a SAFE (Simple Agreement for Future Equity) with the EIT

Startups must also demonstrate one of the following:

• ≥ €15,000 in revenue in 2024
• ≥ €40,000 in external investment
• Participation in the Grow NEB programme

Projects must address at least one New European Bauhaus challenge:

• Reconnecting with nature
• Regaining a sense of belonging
• Prioritising places and people most in need
• Fostering long-term, circular thinking and life-cycle design

How to Apply

• Call opens: 27 October 2025
• Information session: 26 November 2025, Register here.
• Deadline: 19 January 2026, 17:00 CEST
• Evaluation period: January – April 2026
• Programme start: 25 May 2026

Applications must be submitted via the official EIT NEB Awards Platform

LvlUp Ventures has teamed up with Semrush to host the LvlUp x Semrush Pitch Competition on November 30, 2025 (virtually), giving founders the chance to pitch their startups to active investors and secure up to $130,000 in potential funding.

Overview

The competition offers a platform for early-stage founders to showcase their traction, connect with investors, and win tangible startup capital. Each founder gets three minutes live to present their story before a judging panel that includes Adam Ned, Principal at LvlUp Ventures, and AJ Smith, Partner at Outlander VC.

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What’s on Offer

• $5,000 starter investment from LvlUp Ventures
• Fast-track consideration for a $125,000 follow-on round
• $100 grant for every participating startup

The event is fully virtual, designed to be accessible and founder-friendly while providing real exposure to investors actively funding early-stage ventures.

How to Apply

Founders can apply by filling out the LvlUp Ventures Funding Application

Global venture Sequoia Capital has launched two major early-stage funds totaling about €874 million (USD $950 million): €690 million Series A fund and a €184 million seed fund. 

Cyprus: Take Note

Sequoia’s latest move is not just flashy. It’s a door for European startups to enter the global market. Asked about its Europe ambitions, Sequoia partner Luciana Lixandru said: “I am excited to meet founders who use Europe as their product and engineering hub, but who want to take over the world.” 

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Cyprus’s startup ecosystem is in a strong position to take advantage of this initiative. The island’s cost-effective engineering talent, EU-market access, and growing start-up ecosystem make it a natural fit for global investors. For ambitious Cypriot tech founders, this means:

• A top-tier VC placing real bets in Europe.
• A chance to lead in clusters (AI, deep tech, SaaS) where Sequoia is seeking “outlier founders”.
• Better deal terms and access when you’re European but thinking global, especially since Cyprus is EU-based and specialists can build here, scale globally.

What Sequoia Is Looking For

The new funds target:

• Seed stage: Pre-product or early traction teams.
• Series A: Companies with product-market fit, ready to scale.
• Europe-centric teams built for global impact: “Europe’s founder pool has never been stronger,” Sequoia says.

For Cypriot founders, this means being ready for global ambition, not just local sales.

What to Do Now

• Sharpen your pitch for scale: Show global ambition, not just local deployment.
• Build around team & tech: Sequoia emphasises founders who can “go from zero to global”.
• Get exposed to talent networks: Use Cyprus as a tech base; show you can scale out.
• Position for early bets: Pre-seed and seed rounds could be especially attractive right now, given the size of the seed fund.
• When ready, get in touch.

About Sequoia Capital

Founded in 1972 and headquartered in Menlo Park, Sequoia Capital has been behind some of the world’s most successful tech companies, from Apple and Google to Stripe and Airbnb. With its revived focus on Europe, it is doubling down on early-stage investing and looking for local founders with a global mindset.