Get the chance to participate in the world’s leading start-up event in Finland!


APPLY NOW!
DEADLINE FOR APPLICATION 13 OCTOBER 2021

Watch the video with Turkish or Greek subtitles.

Startups4Peace brings the communities of Cyprus together and provides the motivation, the knowledge and the means to build and grow new business ventures.

Goals:

Bring communities together
and encourage them to create joint startups.

Facilitate collaboration
between startups from all sides.

Provide a link
between startups and businesses, using expertise from Finland, Northern Ireland and Cyprus.

 

The annual program has a series of Bootcamps, mentoring, and an opportunity to attend SLUSH - WORLD'S LEADING STARTUP EVENT


About

Startups4Peace is a competition and mini acceleration programme co-funded by the Embassy of Finland and the Innovative Entrepreneurship project, implemented by NI-CO and funded by the European Union. The programme is in partnership with CYENS Centre of Excellence, Cyprus Chamber of Commerce and Industry and the Turkish Cypriot Chamber of Commerce.

We aim to encourage innovative startup entrepreneurship with intercommunal vision in Cyprus, to bring together and increase contacts between the Greek Cypriot and Turkish Cypriot startup communities and support young entrepreneurs in developing their businesses.

Two selected startups will get the opportunity to attend the legendary startup event SLUSH in Helsinki , Finland on 1-2 December 2021.

Join us to find out more about Startups4Peace and Slush, to network with like-minded people, and potentially even find your amazing team-mates.

Finalist startups will be chosen on a competitive base. Application form and guidance for the Startups4Peace (Su4P) programme is available here.

The successful finalist startups will participate in the Start-up Bootcamps, with amazing speakers and mentors from Finland, Northern Ireland and Cyprus, for a hands-on learning experience and to literally help them startup.

The grand final of the programme is the Startups4Peace Pitch Battle. Selected start-ups will pitch their ideas to our expert jury dragon's den style.

The winning start-ups will benefit from a great range of prizes, including innovation vouchers to help their start-ups:

  1. Two winner start-ups – Participation at SLUSH (travel & accommodation covered for up to 2 participants from each team) & Innovation Voucher to the value €2,500 as a contribution to the business start up
  2. 2nd Place - Innovation Voucher to the value of €1,500 as a contribution to the business start up
  3. 3rd Place - Innovation Voucher to the value of €1,000 as a contribution to the business start up
  4. 4th Place - Innovation Voucher to the value of €500 as a contribution to the business start up

Essential Criteria
 

i. Applicant/Participant must be an owner/founder of the business; OR,

ii. An entrepreneur at pre-start-up stage and must demonstrate they have a viable business idea; and,

iii. Participant must be over 18 years of age; and,

iv. Participant(s) must have very good level of English language; and,

v. The business / entrepreneur must be based in Cyprus.

 

Evaluation Criteria
 

Business Criteria (60%)

 

i. The business idea / business must be innovative. (Weight: Max. 10%)

ii. The business idea / business must demonstrate a clear proposition / clear benefit to the customer. (Weight: Max. 10%)

iii. The business idea / business must have identified a target market and significant market opportunity. (Weight: Max. 10%)

iv. The business idea / business must demonstrate growth potential. (Weight: Max. 10%)

v. The business idea / business must have a strong support network and have potential to create employment. (Weight: Max. 10%)

vi. The business idea / business must ensure that the product/service is commercialised or is capable of commercialisation. (Weight: Max. 10%)

 

Cooperation Criteria (40%)

 

The business idea / business must aim cooperation across Cyprus and demonstrate the bicommunal nature of the project. The business follows the objectives of increasing co-operation between the Turkish Cypriot and the Greek Cypriot communities, joint business ideas and taking into consideration opportunities of operating in a cross-community environment. (Weight: Max. 40%)

Programme Outline & Timeline

13 October 2021: Deadline for Application
Deadline for Application
15 October - 7 November 2021: Mentorship
One-to-one mentoring by international mentors – online delivery
15-16 October 2021: Start-up Bootcamp 1

Module 1: The Entrepreneur / Ideation 

Module 2: Business Planning / Market Research 

Module 3: Marketing / Sales / Customers

5-6 November 2021: Start-up Bootcamp 2

Module 4: Finance

Module 5: All Island Challenges/Opportunities

Module 6: Pitching training and one-to-one support to start-ups

Extra module(s): Case studies

8 November 2021: Deadline for action/business plan
Template will be provided in line with the Bootcamp modules.
10 November 2021: Selection of Finalists
Shortlist of up to 10 start-ups for pitching battle
12 November 2021: Pitching Battle
Up to 10 start-ups compete
1-2 December 2021: SLUSH in Finland
Winner teams
December 2021: Awards for 2nd, 3rd and 4th place winners
Awards for 2nd, 3rd and 4th place winners

FAQs
 

Who can apply?

See “Criteria” section above.

 

How will the winners be selected?

The winners will be selected on the basis of their business idea and market potential, as well as how well the idea incorporates the vision for the whole Cyprus based on the STARTUPS 4 PEACE Evaluation Criteria. Looking into the future is an element of a successful application. Practically, teams must get points in both Criteria, Business and Cooperation.

 

How can I apply?

Applicants are requested to fill in the Application Form available here and send to info@inovatif.eu by 13 October 2021.

 

For further questions, applicants can contact info@inovatif.eu and/or +90 548 864 64 26 up until 5 October 2021. We will send a response e-mail to each application upon receipt. Therefore, please contact us if you have not received the “acknowledgement” email within two working days.

 

Please note that we cannot provide advice to applicants, nor can we assess the application outside of the formal evaluation.

 

Get In Touch

Tel: +90 548 864 64 26 - Email: info@inovatif.eu

Organizers

Startups4Peace is co-funded by the Embassy of Finland and the Innovative Entrepreneurship project, implemented by NI-CO and funded by the European Union.