Cyprus ecosystem
Startup Stages
There is no one right way to build a tech company, but for the sake of simplicity we have outlined a basic, common and sequential framework.

The Idea Stage

This is where new entrepreneurs get inspired, learn the best practices, develop skills, validate ideas and begin to build their team and product.

1. INSPIRE
Startup Media: Startup Media is a great way to begin. This ranges from centralized local information, listings, and news (i.e. startup blogs/ publications/ lists/ FB groups/ newsletters, Startup Digest).
2. EDUCATE
Best Practises: Beginner knowledge-sharing events (i.e. beginner events that serve to educate more than inspire, like 1 Million Cups, Startup Grind, Startup Founder 101, etc).
C4E
JA Programme for schools
Intro Meetups
Training & Feedback: Skill & Idea development (for example bootcamps and comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc).
Chrysalis Leap Boot camp
3. VALIDATE
Team Formation: Resources for teaming up (i.e. events or other resources that facilitate early-stage recruitment and cofounder matching, like CoFoundersLab, FounderDating and entrepreneur networking groups and events like "find a cofounder").
Startup Drinkabout weekly event
Build First Product: Hackathons & resources to build (i.e. hackathons and other builder-focused events and resources). events and resources)

The Launch Stage

In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers and prepare for the next step.

1. START
Establish: Law firms & banks that specialize in helping startups.
Christina Aristidou LLC
CNN Law LLC
Koushos, Korfiotis, Papacharalamobus LLC
Nayia Antoniou LLC
Workspace: Co-working and flexible workspaces (note: "official" office space goes in 3.1.a. infrastructure). Infrastructure)
Hub
Microsoft Innovation Center
2. DEVELOP
Formalize: Incubators and advanced mentorship (i.e. advanced knowledge sharing, later stage events and resources for startup: TEAMS, Startup Next, etc).
Globus
Prepare for Seed: Skill & idea development (i.e bootcamps and comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc).
Founder Meetups
3. LAUNCH
Seed Accelerators: Seed funding mentor programs (Techstars-style programs that provide funding).
Pitch & Demo: Show local startups for investment (i.e. demo days for companies seeking seed investment).
CyBAN presentation days

The Growth Stage

Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.

1. RECOGNITION
Investor Networking: Connect professional investors with founders (i.e. events or groups that facilitate connections with professional investors vs. angels, venture capital).
Major Media: Mainstream local business press (i.e. major local or regional publications that frequently champion local businesses, major local or regional publications with a business section).
CAPITAL
EUROKERDOS
GOLD magazine
INBUSINESS
2. FUNDING
Angels / Micro-VCs: Seed-stage investors.
Venture Capitalists: Series A and beyond
2. GROWTH
Infrastructure: Office space, HR, local business insurance (i.e. office space/ HR/ insurance providers for capital-rich companies to grow and scale).
Expansion: Growth accelerators/consultants (i.e. programs and business consultants for capital-rich companies to grow and scale).
Deloitte
EY
KPMG
PWC

SUCCESS STORIES

Successful homegrown companies that have raised significant institutional funding, employ a large workforce or have achieved liquidity.