Cyprus Startup Ecosystem
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1 Career & Entrepreneurship Cyprus Startup Ecosystem Stavriana A. Kofteros
2 Startup Catalyst. Entrepreneurship Evangelist. Curator Cyprus Startup Digest Organizer Startup Live Cyprus Organizer Cyprus Startup Weekend F.M. Cypriot Enterprise Link Association Startup Cyprus Initiative Startup Mentor & Adviser Past Life: 12 years in Business Incubation; 6 as CEO of Day Job: Special Entrepreneurship & RDI Rally Deputy Press Rally
3 From EGOSYSTEM TO ECOSYSTEM
4 Overall Business Environment Funding Support Structures Team YOU
5 Business Environment In your market & in your country of op Market Gov Startup Strategy & Programs Sources of Funding Taxes Legislature Competition
6 Funding You CyBAN MECIT Entrepreneurial Innovation Program CyEC International Market = International Investors
7 Support Structures Diogenes Helix Ermis ChrysalisLeap Network to get to know them Incubators & Accelerators Mentors & Coaches CoWorking Spaces Startup Events Desk&Co Urban Hive Coworkspace Startup Live Startup Weekend Open Coffee HackCyprus SpacApps
8 Team Startup Community Co Founders Team Networking
9 YOU. potentially a startup entrepreneur in process Its up 2 U!
10 Cyprus Entrepreneurship Ecosystem + Innovative Startups Entrepreneurial Innovation Schemes Cyprus Entrepreneurship Competition Business Incubators Research Centers World class research results Youth & Women Entrepreneurship Schemes Micro-funding Schemes (loan ): JEREMIE, PROGRESS CyBAN Change of Culture Initiated Open Coffee Cyprus Cypriot Enterprise Link Hack Cyprus Startup Grind Cyprus Connect Outreach Cyprus Startup Digest Startup Live Cyprus Startup Weekend Cyprus
11 Cyprus Entrepreneurship Ecosystem - Έλλειψη Επενδυτικών Κεφαλαίων Υψηλού Ρίσκου Έλλειψη προγραμμάτων δημιουργίας καινοτόμων νεοφυών εταιρειών Χαμηλή Ακαδημαϊκή Επιχειρηματικότητα Έλλειψη διαδικασιών δημιουργίας spinoff Έλλειψη χρηματοδότησης Πολύ χαμηλή επένδυση στην Έρευνα (0.45% ) Κυπριακό Όνειρο: Δημόσιο επιλογή καριέρας. Έλλειψη οράματος? Ή έλλειψη αυτοπεποίθησης για το καλύτερο αύριο?
12 Entrepreneurial World The Road of Success
13 Cyprus Dream. say what? Thank God.
14 Cyprus & Startups. Τραβάμε «ζόρι»?
15 R we Startup- Challenged?
16 ENTREPRENEURIAL MINDSET
17 LET S TALK STARTUP Passion of CEO is the single differentiator between doing ok and doing well
18 What a Startup is not! Startups Are Not Smaller Versions of Large Companies Large Companies Execute Known Business Models Startups Search for Unknown Business Models Steve Blank
19 What s a Startup A Temporary Organization Designed to SEARCH for REPEATABLE and SCALABLE BUSINESS MODEL Steve Blank
20 LEARN STARTUP
21 Rule 1 Be the aspirin.
22 Critical Success Factor: Make.Meaning. world class product (whatever it is) have fun doing it in a business area or segment that is at its ground floor and in its infancy Value proposition Be the aspirin for your customer s headache MIT, EDP
23 Don t fall in love with the technology. Fall in love with the customer
24 Rule 2 Be a Pig.
25 What R U?
26 More Rules 3. Team up. Get co-founders. 4. Evangelize idea. 5. Get great Mentors. 6. Public speaking training. 7. Pitch. Pitch. Pitch. 8. Network. Network. Network
27 TALK.TO.THE.CUSTOMER. Write /Revise BP. Do Not Self - Fulfill (your) prophecies. There is always competition. Build the product fast. MVP. Test it. Fail Fast. Re-build. Retest. Get Traction. Lean Startup Methodology
28
29
30 R u scared? Good.
31 Let s talk money
32 Raising Funds Same everywhere SV: Just because there are VC funds doesn t mean they will fund your start-up Silicon Valley update - 8:10 do not get funded VCs don t really jump to invest in early stage. Funder of Pandora.com got rejected by 300 investors Plan to build your company without any outside investment Bootstrap Then maybe you are ready to speak to potential investors
33
34 Creative fundraising 1. Apply for Crowd-funding (e.g. kickstarter) 2. Get a Loan from 3Fs 3. Apply to Startup Chile! 4. Use your Credit Cards 5. Start Side Projects Money shouldn t be an objection when you re starting a company. Be creative. Carlos Solorio, Founder of Arden Reed, a custom menswear company.
35 Why Startups Fail? Most startups fail from lack of customers not from failure of product development Steve Blank
36 Keep learning
37 Get involved. Get Connected
38
39 BE THE CHANGE. BE CRAZY.
40 Thank
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Beyond Collisions: How to Build Your Entrepreneurial Infrastructure
Click to edit Master title style Beyond Collisions: How to Build Your Entrepreneurial Infrastructure hello@joinsourcelink.com 844-804-8775 Copyright Curators of the University of Missouri on behalf of