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

by THEFUTURE.TEAM

November 18, 2025

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.

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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.

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Cyprus Tourism Arrivals Decline Eases, But Full-Year Forecast Still Points To A 5% Drop

by THEFUTURE.TEAM

September 14, 2026

Speaking at a meeting with the deputy ministry, the hoteliers’ association Pasyxe and tourism bodies in Limassol, Tourism Minister Kostas Koumis said the year is now expected to close with a decline of around 5%, despite what he described as a successful response to earlier disruptions.

Summer Losses Narrow As Recovery Takes Shape

The decline eased to around 1% in June and just over 1% in July, while August data have not yet been released. The first seven months recorded an 8% decline, Koumis said.

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“The total percentage for the first seven months of the year has dropped to 8 per cent, and I emphasise the word dropped because it indicates that the decrease is clearly now on a downward path,” Koumis said.

He pointed to the crisis earlier this year, when a drone strike at RAF Akrotiri and the US-Israeli conflict with Iran triggered thousands of cancellations and a freeze in reservations. Authorities responded with a series of measures as the scale of the disruption became clear, he said.

Limassol’s Capacity Challenge Remains

Limassol Tourism Board President Andreas Tsouloftas said the conversion of small hotels into short-term residential units has reduced available bed capacity. He said this limits the city’s ability to expand beyond its current 12% share of national tourism.

“It would be a good thing if there were interest or some incentives to increase these beds, instead of focusing on just attracting higher spending visitors,” he said.

Pollution Concerns Remain With Shipping Authorities

Asked about reported pollution off the Limassol coast, Koumis said the issue falls under the responsibility of the deputy shipping ministry.

“We know that the issue has already been analysed, it will be managed by the competent authorities of the country and from there on we hope that a solution will be found in the long term,” he said.

Tourism Groups Strengthen Promotion

Pasyxe’s Limassol chief Christos Tsanos said the association is strengthening promotional efforts with the Employers and Industrialists Federation (Oev), the Cyprus Chamber of Commerce and Industry (Keve) and the municipality.