All participating teams must:

  • Be technology-oriented ventures
  • Have a working prototype of product or service
  • Be incorporated companies or teams planning to incorporate soon. Specifically:
    • The companies must be incorporated in Cyprus or
    • Companies incorporated abroad must have:
      • A founding team of more than 50% Cyprus nationals
      • Or they have more than 50% of their development operation taking place in Cyprus
  • Companies or teams have at least two founding team members, with a maximum of six individuals.At least one team member must be currently living in Cyprus
  • All participating team members must be at least 18 years old
  • If startup company is incorporated, the company must have been incorporated less than 4 years ago by the end of application period
  • If startup venture was previously funded, it must have been funded no more than 1,000,000€ or the equivalent of $1,200,000