Technology Incubator Profile

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Diogenes Business Incubator University of Cyprus Ltd

Διογένης Εκκολαπτήριο Επιχειρήσεων Πανεπιστημίου Κύπρου Λτδ

Diogenes, a Cyprus based business incubator focused on high technology, wholly owned by the University of Cyprus is aimed to support the development of the high technology sector in Cyprus.
Diogenes was incorporated in 2003 and began operations in 2004 under the Cyprus Government Program for Creating High Technology Enterprises through Business Incubators.

Diogenes has 9 portfolio companies.

Diogenes holds equity stakes in all portfolio companies and aims to enhance the value of the start-ups.

Diogenes vision is to pioneer in the transformation of Cyprus into an important center in the Eastern Mediterranean in the area of commercializing high technology research and innovative ideas.

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Name and Mailing address
Name: Diogenes Business Incubator - University of Cyprus Web-site: Diogenes Business Incubator - University of Cyprus
Street: 2 Limassol Ave. 2003 Nicosia P.O.Box 20537 Send mail:
City: 1678, Nicosia Phone/Fax: +357(22)895110 / +357(22)895055
Country: Cyprus Networks:   
Communication & Contact
  Elena Stylianou

send mail
  Menelaos Menelaou

send mail
The Technology Incubator holds following certificates and has won following awards:
For more information about certificate / award and how to apply, please click on the respective logo.

BVIZ Approved Innovation Center

Technology Incubator Services

Office rooms for rent
Internet Access (high speed) / ICT services
Conference hall
Workshop / production space for rent
Laboratory space (shared)

Office & Other Services
Special rates with service providers

Incubation Program
Pre-incubation program
Incubation program (off site / virtual)
Incubation program (on-site)
Mentoring / coaching

Business Support
General business advisory
Business information
Referrals to Business Professionals
Help to enter international Markets
Legal advice
Finance Advice

Training on selected business topics
Financial management training

Networks & Synergy
Network with other Program Clients
General networking events

Technology Transfer
Help with technology commercialization
Patent Advice
Support with Intellectual Property Rights

The goals of the Technology Incubator: Specific Target Groups:
Develop profitable companies
Commercialize research
Create jobs
Raise awareness of entrepreneurship
Raise awareness of innovation
Gender equality
Support university-based entrepreneurship (spin-offs)
Create companies that generate export revenue
Attract companies from other countries
Develop profitable (technology based) companies Develop and execute mechanisms for supporting university-based technological entrepreneurship via spin-offs
International (clients from other countries)
Type of IncubatorType of OrganizationFinancial Model
Technology Business Incubator

Academic / Research / Higher education affiliated
For profit
Technology Incubator Data              Year incubator opened: 2003Year (statistic): 2014
Rental SpaceClient FirmsOn-site clients that at the same time are tenants of your incubator / parkOff-site clients that use your services without being tenants of your incubator or park
total sq.m. available in incubator500Total number of clients servedTotal number of cleints served since beginning of incubator operation. Only clients that have been advised regarding business start-up (not, for example, counting participnats of trainings, seminars, etc).10
sq.m used for incubator services/administration57Number of client firmsNumber of client firms at this time in on-site or off-site incubation program repsectively.9
sq.m. rented by client firms130Number of employees in client firms20
Incubator Staff
number of staff working in management / services2
We offer virtual incubation additional to the physical incubation servicesWe are in regular contact with (most of) the graduated firms
Business areas of client companies
- Biotechnology (bio informatics, bio medicine, bio cosmetics, bionic)
- Creative Technologies (art, design, music, photography, computer graphics, graphic design)
- Health, hygiene
- ICT Information and Communication Technologies
- Mechatronics
- Medicine (diagnostics, therapy - not pharmaceutical)
- Services (manufacturing, engineering, consulting)
- Software development (CAD/CAM , IT Business Solutions)
Last Updated
September 30, 2011