3rd Innovation and Entrepreneurship Forum by the University of Cyprus and PwC Cyprus

Part of longstanding cooperation between the two organisations aimed at promoting entrepreneurship


The 3rd Innovation and Entrepreneurship Forum (IEF2017) was organised with great success on 28 November, under the theme “Research Commercialisation & Innovative Start-ups”. The Forum is part of the longstanding cooperation between PwC Cyprus and the University of Cyprus, which aims to promote entrepreneurship.


The Forum was organised by the University of Cyprus’ Centre for Entrepreneurship (C4E) and the non-profit organisation The Hellenic Initiative (THI) of the Greek Diaspora, in cooperation with the support of PwC Cyprus, MIT Enterprise Forum Greece (MITEF Greece) and the US Embassy in Cyprus.


A competition took place as part of the Forum between start-ups and research teams, offering them the opportunity to present their ideas to a panel of judges consisting of experienced assessors, successful entrepreneurs and investors from abroad. Mr Petros Maroudias, Partner, International Private Clients, represented PwC Cyprus in the judging committee. The three best teams won monetary awards, a contribution of The Hellenic Initiative, as well as free training services by PwC. 


The winners of the competition in the order they were awarded are:

Level 5 – 1st Prize

AJM Med-i-caps Ltd – 2nd Prize

Advanced Materials Design & Manufacturing Ltd (AMDM Ltd) – 3rd Prize


A Panel Discussion also took place during the Forum on the “Key factors for successful commercialisation”, with the participation of Mr Leon Sandler, Executive Director at MIT Deshpande Centre for Technological Innovation, Mrs Anna Protopapa, President & CEO of Mersana in Boston, Mr Herbert Chen, Vice Dean, TusPark, Tsinghua University, and Dr Marios Dikaiakos, Director of the University of Cyprus’ Centre for Entrepreneurship.


The Panel Discussion was coordinated by PwC Cyprus CEO, Mr Evgenios Evgeniou. Mr Evgeniou stressed the importance of properly utilising the results of research activity in business in order to boost the competitiveness of the Cyprus economy. “The development of entrepreneurial activity based on technology and innovation enhances the Cyprus economy’s competitiveness, contributes to the creation of new job opportunities and is a key route to achieving economic growth,” he said. “PwC Cyprus’ cooperation with the University of Cyprus as part of IEF2017 creates the necessary conditions to connect the Cypriot research community with the international ecosystem of innovation and entrepreneurship, thus contributing substantively to the promotion of Cypriot innovation and patents in the international market,” he added.


Director of the University of Cyprus’ Centre for Entrepreneurship Dr Dikaiakos said: “This year’s forum was an important opportunity for the Cypriot research community to meet Cypriot, high-tech start-ups, entrepreneurs as well as prestigious investors from the USA and Europe. The presentations and participations made a great impression on the foreign guests.” He went on to express the Centre for Entrepreneurship’s appreciation and thanks to the start-up companies, the research teams that participated in the forum, but also the forum’s speakers, and the judges of the start-ups competition, for their amazing contribution to the success of the event.

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Konstantina Logotheti

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