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04-06-2024 10:22

Announcement by the Deputy Ministry of Research, Innovation and Digital Policy: Cyprus is the fastest growing startup ecosystem – in the top 50 countries globally

In the Startup Blink Global Startup Ecosystem Index 2024, Cyprus is one of the biggest winners. The country has achieved the largest jump in the global top 60 this year, climbing nine spots to 45th, the first time it is featured in the top 50 globally.

Lemesos, Lefkosia, Larnaka and Pafos all feature in the global top 1,000 cities with substantial improvements in their rankings.

Mr Eli David Rokah, the CEO of Startup Blink, congratulated Cyprus for its innovative policies that are incentivising the rapid growth of its Startup ecosystem.

Dr Nicodemos Damianou, the Deputy Minister for Research, Innovation and Digital Policy, stated: “This is a great achievement for our vibrant startup ecosystem that helps us continue on our path to position Cyprus as a regional innovation and technology hub. We remain committed to continue supporting innovative entrepreneurship thrive in Cyprus.”