Exciting EU Funding Opportunities for Women-Led Startups in Cyprus

by News Editor

June 12, 2025

Women-led startups in Cyprus have an exciting opportunity to access three major EU funding initiatives, offering not just financial support but also mentorship and global networking. The Cyprus Chamber of Commerce and Industry, coordinating the Enterprise Europe Network (EEN) Cyprus, has announced these programs designed to boost women entrepreneurs.

Explore the Women TechEU Programme

The Women TechEU programme targets early-stage, women-led deep tech startups in the EU. Eligible startups will receive a generous grant of €75,000, offering crucial support for business model development, market analysis, and scaling strategies. Applications are open until August 4, 2025.

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Compete for the Cartier Women’s Initiative Awards

Another notable initiative is the Cartier Women’s Initiative Awards. Established in 2006, this program supports women-led businesses with social or environmental missions. Winners can receive up to $100,000 in equity-free grants, plus a one-year fellowship loaded with executive coaching and networking opportunities. Apply by June 24, 2025.

Join the Open Horizons Programme

With three calls scheduled until 2027, the Open Horizons programme provides €55,000 in funding for startups, enabling collaborations with leading European corporations and industry experts. The first deadline is August 21, 2025.

These opportunities not only provide essential funding but also open doors to international partnerships and investor networks. EEN Cyprus encourages all eligible entrepreneurs to apply. For more details, visit een.ec.europa.eu and eencyprus.org.cy.

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Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

by News Editor

August 6, 2026

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

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Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.

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