Cyprus has leapt forward on the global stage, now ranking 40th worldwide in the StartupBlink Global Startup Ecosystem Index 2025, climbing five spots from last year. As highlighted by the Ministry of Research, Cyprus is the fastest-growing startup ecosystem in the European Union, with an astounding 28% growth rate over two consecutive years.
The island nation has remarkably positioned itself as the 2nd worldwide in gaming and 3rd in South European Fintech. Furthermore, it ranks 9th in the EU in the Blockchain sector. This dynamic advancement is packed with a 71% surge in startups compared to 2024, showcasing Cyprus as an emerging tech hub.
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As a nation with under two million residents, Cyprus uniquely boasts four cities—Nicosia, Limassol, Larnaca, and Paphos—on the global startups index, all experiencing substantial progression in global rankings.
The impressive ascent is credited to Cyprus’ strategic geopolitical position alongside robust governmental policies offering enticing tax incentives aimed at fostering innovation and business growth. Such measures are part of a larger initiative, spanning across policy and international outreach, seeking to enhance its attractiveness for investments.
This milestone was celebrated at the Reflect Festival 2025, where a special recognition plaque was presented by Eli David Rokah, CEO of StartupBlink, expressing the country’s innovation drive.
Expressing his satisfaction, Dr. Nikodimos Damianou, Deputy Minister of Research, Innovation, and Digital Policy, emphasized, “These results are a testament to Cyprus’ unwavering commitment to strengthening its presence as a nexus of technology and entrepreneurship, both regionally and globally.”
As a goal, Cyprus aims to continue fostering an environment where tech companies and startups flourish, embedding themselves proficiently into the global market, thereby creating jobs and economic growth. Through strategic financial tools, supportive infrastructures, and a streamlined digital transformation plan, Cyprus positions itself as an attractive destination for investment activities and business ventures.
