Global innovation platform and venture capital firm Plug and Play has expanded into the Eastern Mediterranean with a new location in Limassol, Cyprus. This initiative is delivered in collaboration with local stakeholders and is co-funded by the Republic of Cyprus through the Deputy Ministry of Research, Innovation and Digital Policy and the Research and Innovation Foundation (RIF). It is also supported by corporate partners including ASBIS, Tototheo, Mastercard, and ECOMMBX. The program aims to connect the Cypriot startup ecosystem with Plug and Play’s international network, helping local startups access growth and global expansion opportunities.
Program Overview
• Duration: Three-month accelerator program.
• Objective: To support Cyprus-based startups in their growth and international scaling through mentorship, corporate connections, and investor exposure.
• Batch Size: The inaugural cohort will include 10 startups.
• Culmination: The program concludes with a Demo Day, where participating startups present their solutions to investors, corporate partners, and media.
Focus Verticals
• FinTech & RegTech
• InsurTech
• PropTech
• Gaming, Social & Leisure
• Shipping & Energy
Participant Benefits
• Mentorship: Access to guidance from experienced industry experts and mentors.
• Global Network Access: Connections to Plug and Play’s international network of corporate partners, startups, and ecosystem stakeholders.
• Investment Opportunities: Exposure to potential investors and funding opportunities.
• Corporate Exposure: Opportunities to engage directly with corporate partners seeking innovative solutions.
• Education: Workshops and sessions on topics such as fundraising, sales strategy, and global expansion.
• Resources: Access to office space and other program support resources.
Eligibility Criteria
• Location: Open to startups based in Cyprus.
• Stage: Best suited for early-stage startups operating in the program’s focus verticals.
• Potential: Applicants should demonstrate a clear value proposition and strong market potential.
• Team: The program seeks committed teams with the capacity to build and grow innovative companies.
• Goals: Startups should be interested in strategic partnerships, growth, and investment opportunities.
Application & Timeline
• Application Deadline: Applications for the first batch are open until mid-May.
• Program Schedule: The inaugural cohort is expected to run from late May through September.
This accelerator program offers Cyprus-based entrepreneurs an opportunity to connect with a global innovation platform and access mentorship, corporate relationships, and investor exposure. Through these resources and networks, the program is designed to support the growth of high-potential startups from Cyprus. Interested applicants should refer to the official program page for full details and application information.