The launch of Plug and Play in Cyprus is a strategic development expected to enhance the country’s innovation ecosystem and international connectivity, Invest Cyprus said, welcoming the official opening yesterday at the Presidential Palace.
Global innovation hub arrives in Cyprus
According to Invest Cyprus, the presence of one of the world’s leading innovation organisations, headquartered in Silicon Valley and active in over 60 locations worldwide, will bolster Cyprus’ position on the global innovation map. The initiative is expected to create new opportunities for startups, research organisations, and investors.
Strategic importance highlighted
In a statement, Invest Cyprus CEO Marios Tannousis described the development as strategically significant. “This is a substantial step that strengthens Cyprus’ innovation ecosystem and demonstrates that our country can attract internationally recognised organisations with real developmental impact,” he said.
Local impact and future prospects
Plug and Play is a global innovation organisation with a network of startups and partnerships with major companies and investors. Its activities in Cyprus are expected to contribute to the growth of the local innovation ecosystem, attracting investment and talent.
Also read: Silicon Valley giant to open Cyprus Innovation Centre
For more videos and updates, check out our YouTube channel
