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  • Writer's pictureIlma Danielienė

Navigator Consulting supports the Cyprus Entrepreneurship Competition 2021

Navigator Consulting is pleased to announce its support for the 21st Cyprus Entrepreneurship Competition. We will be sponsoring the event, with additional support for training in the Business Acceleration programme and judging the competition.

Nicosia, Cyprus: 21 July 2021

The Cyprus Entrepreneurship Competition challenges scientists, startup founders, and entrepreneurs to transform their ideas into real business opportunities. Organised by the University of Cyprus Centre for Entrepreneurship, CyEC connects people with opportunities and helps teams build out their ideas with the support of industry experts and experienced entrepreneurs.

The Competition’s objective is to develop start-ventures or social enterprises that create competitive advantage and innovation. CyEC invites business plans for innovative technologies, processes, business models, or other innovations.

CyEC is open to teams of participants who wish to engage in innovation – driven entrepreneurship and develop their high-tech business ideas into start – up ventures or social enterprises.

To participate, teams need to comply to the following eligibility criteria:

  • Each team should be composed of a minimum of 2 individuals. All applicants must be over 18 years of age, with at least one applicant residing in the Republic of Cyprus.

  • Teams should have been working on their idea for less than 2 years, and must disclose in their application any funding already received at the time of submission.

  • The online submission should be done within the stipulated dates according to the instructions published. No late entries will be accepted.

  • The CyEC organising committee reserves the right to disqualify any application that, in their sole and absolute discretion, determines it does not fit within the parameters of the Competition.

CyEC allows the participants to develop their business plans in a 3-stage Business Acceleration Programme. This programme includes entrepreneurship seminars and business planning workshops and provides mentoring to all teams that pass Stage 1.

The timeline for the Competition is:

  • Competition Launch and 1st Call for Applications: 7 July 2021

  • Submission of Executive Summaries: Monday 20 September 2021

  • Announcement of Stage 1 Results: 5 October 2021

  • Appointment of Mentors: 8 October 2021

  • Acceleration Program: 9 October 2021 - 3 December 2021

  • Networking Event: 21 October 2021

  • Submission of Draft Business Plans: 8 November 2021

  • Submission of Final Business Plans (Stage 2): 1 December 2021

  • Pitching Day (closed session): TBA

  • Final Conference and Award Ceremony: TBA

Competition Awards:

  • 1st Prize € 10,000

  • 2nd Prize € 6,000

  • 3rd Prize € 4,000

Navigator contributes to the Awards by providing:

  • Cash contribution to the winning entries

  • 6 months hosting at Navigator offices in Limassol

  • Mentoring the hosted teams.

Navigator supports entrepreneurship and innovation in Cyprus and internationally. Navigator Consulting’s Entrepreneurship Charter is our commitment to support start-ups and spin-offs between 2010 and 2020 and beyond.

Please visit the Cyprus Entrepreneurship Competition 2021 for more information.

For further information, please contact:

Philip Ammerman

Managing Director


Cyprus Entrepreneurship Competition 2021. 21 July 2021

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