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Gravity Incubator - A new addition to Cyric's vibrant startup ecosystem in Cyprus

"What makes Gravity unique in our eyes, is that is backed with an extensive experience and expertise in deep Research, Technology, Innovation and Entrepreneurial issues which is the perfect match and combination to a business and Venture Building philosophy. Our aim is to provide targeted, hands-on support to local and international startups towards establishing their business, developing their products and successfully accessing the market. We want to launch meaningful business with founders driven by purpose and passion". Dr Panayiotis Philimis (CEO of Gravity & Cy.R.I.C/EU|BIC )

Two years ago, Cy.R.I.C - Cyprus Research & Innovation Center (, had envisioned an entrepreneurial ecosystem in Cyprus, which would foster collaboration over competition. It would finally push beyond the limits and break the traditional barriers and entrepreneurship limitations across the island. Step one was to test and prove that CyRIC can achieve such high standards and then support others.

CyRIC team started blending-in the newly established ecosystem, attending events and competitions. "Our interaction with the ecosystem allowed us to meet with aspiring young entrepreneurs, who then propelled our first resident startups; iResTech, Capsule Skateboards, RiseTech Media, Pitch60, SoilTron and recently Tracar. This process was for us a chance to learn what a startup needs, apply it and test it. We are now confident and knowledgeable enough to offer professional support to start-ups, help them develop and succeed", says Dr Panayiotis Philimis (CEO of Gravity & Cy.R.I.C/EU|BIC ).

Their work with the local startups as well as our innovation services to local and European SMEs allowed them to become the first EU Business Innovation Center (EU|BIC) certified by the European Business Network (EBN) in Cyprus. Proving themseleves that they had the capacity to be granted the certification of a BIC, their role had a meaning on a national scale. This is when Gravity Ventures ( was born.

Download Full press release.

See other related news : CyRIC's startup Soil Tron finalist at Websummit 2016

Published on 17-11-2016 00:00 by Nathalie Marchand. 2926 page views

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