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Hellenic Initiative Backs Cyprus Seeds For Seventh Year In Deep-Tech Innovation

Cyprus Seeds today announced that it has secured the renewed commitment of The Hellenic Initiative, marking the seventh consecutive year of their crucial support. The longstanding partnership has played a pivotal role in empowering Cyprus Seeds’ mission to commercialize groundbreaking research and stimulate deep-tech innovation.

Strengthening the Diaspora Impact

The Hellenic Initiative is a global nonprofit organization that mobilizes the Greek and Cypriot diaspora to foster economic development, entrepreneurship, and crisis relief in Greece and Cyprus. Their continued endorsement underscores a robust commitment by the diaspora to support high-caliber scientific research and innovation in the region.

Driving Commercial Success With Strategic Funding

Over the years, Cyprus Seeds has benefited immensely from THI’s funding and strategic guidance, enabling local scientists to transform cutting-edge research into market-driven solutions. The organization has successfully mentored multiple high-potential research teams from Cypriot universities, further solidifying its role as a catalyst for entrepreneurship and technological advancement.

Expanding Scientific and Entrepreneurial Horizons

“THI has played a vital role in our journey, and their continued support is a testament to the unwavering commitment of Greeks and Cypriots of the Diaspora in nurturing deep-tech innovation,” stated a representative from Cyprus Seeds. With this renewed sponsorship, the organization is poised to bolster its impact within the scientific community and expand its portfolio of market-ready innovations.

About Cyprus Seeds

Cyprus Seeds is a private, nonprofit organization focused on commercializing innovative academic research and creating a pipeline of deep-tech spin-offs. Through its eighteen-month Innovation Grant Programme, the organization provides grants, mentoring, training, and networking opportunities with investors both locally and internationally. In addition to its partnership with THI, Cyprus Seeds collaborates with prestigious entities such as the MIT Deshpande Centre for Technology Innovation, the Egg Accelerator in Athens, the Conception X Accelerator in the United Kingdom, DTU Skylab, and the Hellenic Innovation Network in Boston.

A Track Record Of Excellence

Celebrated for its impressive accomplishments, including recognition by the Financial Times as one of Europe’s leading start-up hubs for 2025, Cyprus Seeds continues to leverage strategic partnerships and award-winning initiatives to drive forward the frontier of deep-tech innovation.

Looking Ahead

With the strength of enduring support from The Hellenic Initiative and a commitment to scientific and entrepreneurial excellence, Cyprus Seeds is set to further expand its influence in the commercial and academic sectors, delivering innovative solutions that meet contemporary market challenges.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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