We Foster Entrepreneurship


We are fostering an entrepreneurial culture, supporting youth entrepreneurship and startups and strengthening research & innovation. We collaborate with leading academic and business stakeholders to support such initiatives.

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PwC cooperates with Chrysalis Leap, the first Cypriot accelerator of business ideas, for the past 3 years, with the involvement of our staff and the utilisation of our specialised knowledge.

Events

PwC Cyprus – Platinum Sponsor of the ClimateLaunchpad Global Grand Final

PwC Cyprus was the Platinum Sponsor of the ClimateLaunchpad Global Grand Final  the biggest green business ideas competition which took place for the first time in Cyprus, on 17-18 October, with the participation of more than 105 teams from over 35 countries and the attendance of over 500 investors and researchers from across the world. The Grand Final was co-organised by Chrysalis LEAP and the Cyprus Investment Promotion Agency while it was held under the auspices of the President of the Republic of Cyprus, Mr Nicos Anastasiades. Other sponsors were Bernhard Schulte Shipmanagement (BSM) and George Z. Georgiou and Associates LLC.

Our CEO Evgenios Evgeniou presented the «Audience Award» to the winning company “Vienna Textile Lab” from Austria, stressing the importance of such events to promote entrepreneurship and innovation on the island. It is worth mentioning that 17 colleagues from PwC volunteered to support the ClimateLaunchpad Global Grand Final while our Kyriacos Kokkinos and Achilleas Tyrimos were among the judges who evaluated the teams. 

First prize was awarded to Kenya for the Bio-Alkanol gel, a thick liquid fuel which is a mixture of ethanol, cellulose and water. The Cypriot team, “Grow Green” won the Sustainable Land Use theme award which was an amazing success. “Grow Green” was also the winner of the Junior Achievement “Company of the year” competition, having a mentor from PwC, representing our country in the JA Europe Company of the Year Competition that took place in Brussels in July. 

As a strategic partner of Chrysalis LEAP, we actively support ClimateLaunchpad and Chrysalis LEAP for third consecutive year, remaining steadfast in our effort to support youth entrepreneurship and innovation.

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PwC Supports the Chrysalis Leap National Finals 2017 'ClimateLaunchpad’ Competition

PwC Cyprus hosted at its headquarters in Nicosia the National Finals of Climate Launchpad, the biggest competition for green business ideas organised in Cyprus by Chrysalis LEAP.

Nine start-ups from across Cyprus participated in the finals, which took place on 26 July. The three winners were the GrowGreen, Echofixer and Be Right Bag teams, which will represent our country in the Grand Final where, they will seek a place amongst the top ten start-ups that will be granted direct access to the Climate-KIC accelerator, which aims to develop and commercialise clean-tech start-ups, as well as access to additional funding. The organisation’s CEO Mr  Evgenios Evgeniou was a member of the jury for the selection of the teams that will be representing Cyprus at the Grand Final. 

As a strategic partner of Chrysalis LEAP, PwC Cyprus provided active support to the competition and the participating teams through a series of activities but also the voluntary participation of its executives as team mentors.Within this framework, PwC Cyprus also provided support during the two-day bootcamp at Governor’s Beach in June, with four of its volunteering members. During the bootcamp, participants received expert training and coaching as well as useful advice from the volunteering mentors. The programme continued with six follow up intensive coaching sessions, preparing the teams for the National Finals. 

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PwC supports the Chrysalis Leap ‘ClimateLaunchpad’ competition - boot camp

PwC Cyprus supported the 4th Chrysalis Leap Business Ideas Competition “Climate Launchpad 2017”. During 2017 the two-day boot camp on 13-14 June which was held in Governor’s beach Limassol, nine clean tech startups, from various industry sectors, received intensive training from Chrysalis LEAP. Four colleagues from PwC and with the support of the people from Bernhard Schulte Shipmanagement (BSM) were there to help the teams to formulate their idea and transform it to a concrete business plan.

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We support Junior Achievement

 

 

PwC supports entrepreneurship as an important tool in achieving sustainable growth in Cyprus and therefore supports Junior Achievement a nonfor profit organisation and the leading entrepreneurship education programme provider in Cyprus for the third consecutive year.

Events

Junior Achievement mentors' training

On 24 October 2016, PwC hosted the Junior Achievement mentors’ training session at

its offices in Nicosia. 26 of our colleagues have volunteered to become mentors in the

Junior Achievement company programme 2016.

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Junior Achievement Teams event for PwC staff

On 13 December we organised an event during which three teams of students that participated in last year’s Junior Achievement company programme had the opportunity to talk about their experience and demonstrate their products.

The ‘Scendles’ company team from the Falcon school was one of the top 10 teams and had the opportunity to present their product in the JA company competition national finals last year in May.‘Bubble bombs’, another team from the Falcon school, won the highest sales award and Sapon, from the Polemedia Lyceum, won the branding and communications award by PwC! Among the speakers were our CEO Evgenios Evgeniou and Ms. Elena Michael, JA programme coordinator.

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JA Press Conference: Meet the Young Entrepreneurs of the Future

On Friday, 27 January 2017, Junior Achievement (JA) Cyprus organised a press conference, announcing the launch of the fourth consecutive year of its signature high school “Company Programme”, as well as the second year of the primary school programme, “More than Money”.

The press conference took place at the Centre for Visual Arts and Research (CVAR). In attendance were: Dr. Costas Kadis, Minister of Education and Culture, British High Commissioner, Mr. Matthew Kidd, and former European Commissioner for Education, Culture, Multilingualism and Youth, Mrs. Androulla Vassiliou, as well as other representatives from the public sector, business sector, academic community, and members of the press. In his brief address, Dr. Costas Kadis, Minister of Education and Culture, noted that through its programmes,

Junior Achievement Cyprus fosters creativity and innovation, encouraging students to work in teams and to transform ideas into action, thereby nurturing their curiosity, and imagination. He added that the Ministry of Education and Culture endorses these objectives, and, in the context of its wider efforts, seeks to develop a close and constructive collaboration with Junior Achievement Cyprus.

Our Director Michalis Stavrides, spoke about the shared vision of the partners in this endeavour: “to collectively contribute to the entrepreneurial culture and consciousness of the country”. He further underlined how PwC works “to bring about positive change through theimplementation of a CR programme that focuses on volunteerism and specialised expertise, to better support the business sector and our young people”.

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PwC Junior Achievement Tradefair

Members of our staff volunteered and became mentors in the Junior Achievement

company programme supporting the teams that competed at the finals. In an effort to

support our teams we welcomed them at our offices, for the 2nd consecutive year on

21 March 2017 at the PwC Central business suites. Our CEO, Evgenios Evgeniou,

congratulated the teams for their work and effort! This was a great opportunity to

support our teams and find out more about their products and feel the entrepreneurial

spirit of today’s teenagers!

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Junior Achievement Company of the Year competition

PwC Cyprus presented the “Branding and Communications” award at the finals of the “Company of the Year” competition, which was organised on 28 April 2017 by Junior Achievement Cyprus.

The award was presented by our CEO Evgenios Evgeniou, to “Salthy” team who had the opportunity to visit our offices and participate in a full-day coaching session by a PwC professional coach. The winner of the Junior Achievement “Company of the year” was GrowGreen which also participated in the competition with a mentor from PwC and represented Cyprus in the JA Europe Company of the Year Competition that took place in Brussels in July. It is worth noting that the organisation supported the competition throughout its duration, through staff’s voluntary work and the provision of substantive assistance to the participating teams.

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Junior Achievement “Salthy”

On 29 June 2017 a Coaching session was delivered to Junior Achievement’s “Salthy” team who won the “Branding and Communications” award during the “Company of the Year” finals competition. The session was delivered by a PwC professional coach.

The students had the opportunity to visit our offices and participate in a full-day professional coaching session designed especially for them, aiming to help them learn more about themselves, grow and succeed in their goals.

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Junior Achievement ''Grow Green'' - Presentation Skills session

Marilena Maroudia PwC'S academy tutor delivered the presentation skills session on Wednesday, 28 June 2017 to the winners JA Company of the Year competition, the “Grow Green” team. The students had the opportunity to develop their presentation skills as well as to learn some presentation tips in order to get ready and represent Cyprus in the JA Europe Company of the Year Competition that took place in Brussels in July 2017.

 

 

 

 

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We support University of  Cyprus

 

 

Within the framework of our longstanding collaboration with the University of Cyprus we organise an annual Innovation and Entrepreneurship Forum. Its objective is to promote entrepreneurship in Cyprus through the Centre for Entrepreneurship. The aim of the initiative is to educate academia, scientists and Cyprus society more generally on the ideas, practices, prospects, challenges and opportunities relating to these sectors, by hosting important personalities from the scene. For this reason, each year the forum is dedicated to a different theme.

Events

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

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, successfully entrepreneurs and investors from abroad. Our partner, Petros Maroudias, 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 Evgenios Evgeniou, PwC Cyprus CEO, Leon Sandler, Executive Director at MIT Deshpande Centre for Technological Innovation, Cypriot Anna Protopapa, President & CEO of Mersana in Boston, Mr Herbert Chen, Vice Dean, TusPark, Tsinghua University, and Mr Marios Dikaiakos, Director of the University of Cyprus’ Centre for Entrepreneurship.

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2nd Innovation and Entrepreneurship Forum

The 2nd Innovation and Entrepreneurship Forum, organised by the University of Cyprus’ Centre for Entrepreneurship in cooperation with PwC Cyprus took place on 30 November and 1 December 2016. The two-day forum, focused on the rapidly changing 21st century venture ecosystem and the need for the academic community to continuously adapt to the new state of affairs. The Forum was addressed by University of Cyprus Vice Rector Dr Constantinos  onstantinou and our CEO Evgenios Evgeniou, while the subject was introduced by Dr Marios Dikaiakos, Director of the Centre for Entrepreneurship.

In his speech, our CEO underlined the need to open communication channels between academia and the market to promote entrepreneurship and innovation as a means of achieving sustainable economic growth. “A precondition to achieving conditions of sustainable growth is tapping academic research with the aim of expanding economic activity to new sectors. The collaboration between PwC and the University of Cyprus serves this exact cause and we hope to lead by example for more collaboration that will testify to how the best investment is investment in knowledge”. Mr Constantinou said “The economy and the society need new knowledge and innovation out of the lab and into the market. It is internationally accepted that a very important parameter of economic development in a modern societyis the exploitation of new knowledge and of the inventions produced by research and educational organizations such as Universities and the know-how and innovation transfer, out of the lab and into the market”.

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Regional Knowledge, Research and Innovation

The University of Cyprus in collaboration with the Cyprus Chamber of Commerce and Industry and PwC Cyprus, organised the «Nicosia: Regional Knowledge, Research and Innovation» seminar that took place on 4 October 2016 at the Anastasios Leventis amphitheatre of the University of Cyprus. The event was addressed by Professor Constantinos Christofides, Dean of the University of Cyprus, Stelios Anastasiades, President of the Cyprus Chamber of Commerce and Industry and our CEO, Evgenios Evgeniou.

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Other Events

2nd CEL Insights Conference

PwC was an official partner of the ‘Insights’ Conference organised by Cypriot Enterprise Link (CEL). The conference’s main aim was to offer knowledge and experience which would help young entrepreneurial talents acquire insight on how to pursue their business ideas through start-ups. We support Cypriot Enterprise Link, which is a youth -led organisation aiming to connect and support the Cypriot entrepreneurial talent in order to form a local and global entrepreneurial network supported by events, meetups, workshops and projects.

The conference took place in Nicosia on 19 and 20 November 2016 and evolved around the themes of Industry Disruption, Entrepreneurial Ecosystems and Start-Up World, hosting distinguished speakers from the United Kingdom, the USA, Greece and Cyprus. We offered our knowledge and experience by participating in two speaking slots. The first presentation entitled “Cyprus: An ideal IP location” was held by our Director in Legal Services Michael Tsikouris, and our Senior Manager in Tax Advisory, Stella Geropapa.

Our Assurance & Advisory Partner, Vassilios Vrachimis presented the PwC Fintech report and its implications and participated in a panel discussion together with George Koushis Bank of Cyprus, Michalis Michaelides Sales Consultant TSYS International and Paulo Bilezikjian, Chief Investment Officer Family Office.  

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PwC the strategic partner of the first Fintech Hackathon in Cyprus

We supported the first marathon for the development of applications on innovative technologies in the field of financial transactions, which was organised by the Bank of Cyprus on 9, 10 and 11 June 2017 in Nicosia. This was the first time the Fintech Hackathon took place in Cyprus and the aim was to support entrepreneurship and innovation.

It should be noted that PwC members took part in the event through different roles. Specifically, Jonathan Mulder, Director, Fintech & Digital at PwC UK, took part in the open side event Cyprus Fintech Forum held on 10 June, analysing the usefulness of emerging technologies to come up with solutions that will make financial services more efficient and user-friendly to both consumers and the business world. Michalis Stavrides, Director, Responsible for ntrepreneurship, was part of the evaluation committee while Nicholas Roussos, Senior Manager and Demos Demou, Manager in Consulting took part as team mentors. Commenting on PwC’s participation, our Partner, In charge of Consulting Philippos Soseilos, stressed the importance the organisation gives to new technologies and entrepreneurship, as well as giving young people the opportunity to showcase their talent and skills. “The power of innovation, when combined with entrepreneurship, can significantly contribute towards our country’s economic prosperity and growth. All of us at PwC support events such as the Fintech Hackathon, which is an excellent initiative by the Bank of Cyprus. Through their participation, all the companies that supported the event united their efforts for a better future”.

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CYBAN Company Presentations Event

Within the framework of our Corporate Responsibility programme, we are the Knowledge Partner of the Cyprus Business Angels Network (CYBAN), a non-profit investment network, which connects innovating fast growth companies to equity finance through their membership of experienced angel investors. In this regard, on Thursday, 23 February 2017, PwC hosted CYBAN’s Company presentation event at its offices in Nicosia. PwC contributes through the provision of consulting services, mentoring and training by supporting the operational process of CYBAN, by actively participating in the accelerator program and by supporting all capital impact tenants. Through the event, companies ‘’Level 5’’ and ‘’Reservation Engine’’ had the opportunity to showcase their products to several investors. Further to the above, Stella Geropapa, Senior Manager from our Tax Advisory department delivered a presentation on the new income tax incentives for investments in innovative SME’s & Startups.

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Contact us

Michalis Stavrides
Director - Tax Reporting & Strategy, Accounting & Payroll
Tel: +357-25555271
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Konstantina Logotheti
Director - Marketing & Communications
Tel: +357-22555108
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