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Cyprus Business Incubator Association

The Government of Cyprus ( through the Ministry of Commerce, Industry and Tourism (, introduced in 2002 the "Programme for the creation of new enterprises of high technology and innovation through the institution of business incubators". This programme aim to enhance the potential for the production of products with high value added in knowledge and know-how and the demand of which is sensitive with regards to their quality and innovation and not their price. The promotion of the creation of these enterprises is supported by four business incubators, whose contracts with the Government expired at the end of 2007. Within this framework, 51 teams of inventors have filed their applications through the four Business Incubators, out of which 36 qualified for state aid and 15 did not. 11 out of the 36 qualified companies have already graduated. The Ministerial Council, after considering the conclusions and recommendations of an evaluation study, carried out by a joint venture of independent consultants following a public competition, at its meeting of 7 July 2008 decided to appoint Research Promotion Foundation as the Organisation responsible for the introduction and implementation of the new programme for the business incubators. The Business Incubators in Cyprus are represented by the "Cyprus Association of Business Incubators" which operates under the umbrella of the Cyprus Chamber of Commerce, and Industry (

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Mailing address The association is member / partner of
Address: Ministry of Commerce, Industry and Tourism
13, Andreas Araouzos Street
City: Nicosia
Post code: 1421
Country: Cyprus
Telephone: +357-357-22409310 Send mail:
Telefax: +357-357-22375735 Web site:
Registration and Classification
Registration date: Geographical coverage:national
Registration place: Type of the association:
Beginning of operation:
Ordinary members: Associate, affiliate, supporting members:
science / technology parks
technology / innovation centers
Number of members Possible types of membership
Full (regular) members: 0
Associate members:
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