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Plug And Play Expands To Cyprus With 60 Startups, 500 Jobs Plan

by THEFUTURE.TEAM

April 8, 2026

Plug And Play Cyprus Expands Global Innovation Network

Plug and Play Tech Center has launched an innovation center in Cyprus, expanding its global network of more than 60 locations. The center was presented in Nicosia and connects startups, investors, corporations, and partners within the company’s international platform.

Advancing High-Growth Sectors

Six acceleration and incubation cycles will focus on high-growth sectors. Around 60 startups and companies are expected to participate across these programs. Support is structured to help companies move from early-stage development to commercially viable products and services.

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Driving Job Creation And Economic Resilience

Government estimates indicate the initiative could create around 500 jobs. Officials said the program is intended to improve access to international markets, investment capital, and technical expertise for Cypriot companies. Broader efforts to strengthen cooperation with U.S. partners in technology and investment preceded the launch.

A New Era Of Economic Modernization

Irene Piki, Deputy Minister, said the center connects local startups with global networks and investment partners. According to her, the initiative forms part of a wider government strategy focused on innovation and knowledge-based economic growth.

Bridging Local Talent With Global Investment

Connections between local startups and international investors will be established early on. Focus remains on facilitating funding opportunities and supporting expansion into foreign markets. Partnerships include Asbis, Tototheo, Mastercard, and EcommBX, which will participate in program activities and support startup development.

Strategic Impact And Future Outlook

Nicodemos Damianou, Deputy Minister, said Cyprus has increased foreign direct investment and improved its position in global innovation rankings in recent years. Government initiatives, including the Cyprus Start-up Visa Scheme and Minds in Cyprus, continue to support ecosystem growth and attract international talent.

Plug And Play’s Legacy Of Innovation

Seena Amidi, Managing Partner of Plug and Play Tech Center, said the company has expanded from its origins in Silicon Valley into a global innovation platform. He said the Cyprus center is intended to support local startups in securing funding and expanding into international markets. Plug and Play has completed more than 2,000 investments and supported over 30 companies that reached unicorn status, including Dropbox and PayPal. The Cyprus expansion adds the country to the company’s global network and extends its activity in startup acceleration and investment.

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Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

by THEFUTURE.TEAM

October 19, 2026

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

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China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.