Idea Innovation Centre Launches 11th Startup Programme To Empower Emerging Entrepreneurs

by THEFUTURE.TEAM

November 26, 2025

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.

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Agriculture Ministry Extends Deadline For Strategic Investment Initiatives

by THEFUTURE.TEAM

January 26, 2026

Revised Timelines Strengthen Sector Support

The Agriculture Ministry, in coordination with the Cyprus Agricultural Payments Organisation, has extended the submission deadline for applications to secure funding under the Major Investment Measure and Young Farmer Installation initiatives. This decision comes after extensive consultations with primary sector stakeholders, ensuring that the updated timeframe better accommodates the demands of a dynamic agricultural landscape.

Enhanced Funding Opportunities

The revised deadline now stands at March 31, 2026, replacing the initial cut-off date of January 30, 2026. The investment measures collectively offer a total budget of €67.5 million, exclusively accessible via the official payments organisation website. Applications must be submitted by accredited consultants approved by the Department of Agriculture, underscoring the initiative’s commitment to precision and expertise.

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Modernization and Sustainability at the Forefront

The Major Investment Measure is distinguished by ten comprehensive reforms aimed at modernizing both livestock and crop farms. This initiative emphasizes enhanced competitiveness, sustainability, and significant improvements in environmental protection and animal welfare, including investment in waste processing and management. Such strategic investments are essential for adapting to modern challenges and elevating the primary sector.

Encouraging the Next Generation of Agriculturists

The Young Farmer Installation intervention targets the urgent need to rejuvenate an ageing agricultural workforce. By fostering competitive holdings under the guidance of emerging agricultural leaders—those who either already possess or are in the process of acquiring the necessary expertise—the program builds a sustainable future for farming communities.

Simplified Procedures and Integrated Digital Access

Streamlined protocols, including a dedicated licensing guide for agricultural and livestock structures, have been introduced to facilitate smoother application processes. Special arrangements with the Ministry of Interior and other competent agencies have further expedited licensing and operational approvals. Candidates must also be registered in the Register of Farmers and Agricultural Holdings to qualify.

Further Information

Detailed application manuals and additional instructions are available on the Strategic Plan for the Common Agricultural Policy 2023-2027 website. The Agriculture Ministry anticipates that this extension will encourage higher quality proposals and facilitate more effective absorption of available European and national funds.

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