Kofteros cyprus startup ecosystem

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Kofteros cyprus startup ecosystem

  1. 1. Cyprus Startup Ecosystem Stavriana A. Kofteros Career & Entrepreneurship 2014 @UCY
  2. 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 www.diogenes-incubator.com • Day Job: – Special Entrepreneurship & RDI Adviser @Democratic Rally – Deputy Press Spokesperson @Democratic Rally www.disy.org.cy www.about.me/stavriana
  3. 3. TO ECOSYSTEM From EGOSYSTEM
  4. 4. Overall Business Environment Funding Support Structures Team YOU
  5. 5. Business Environment Market Sources of Funding Legislature Competition Taxes Gov Startup Strategy & Programs In your market & in your country of op
  6. 6. Funding MECIT Entrepreneurial Innovation Program CyEC CyBAN You… International Market = International Investors
  7. 7. Support Structures •Startup Live •Startup Weekend •Open Coffee •HackCyprus •SpacApps • Desk&Co • Urban Hive • Coworkspace • … • Network to get to know them • Diogenes • Helix • Ermis • ChrysalisLeap Incubators & Accelerators Mentors & Coaches Startup Events CoWorking Spaces
  8. 8. Team Startup Community Networking Co Founders Team
  9. 9. YOU. potentially a startup entrepreneur in process Its up 2 U!
  10. 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. 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. 12. The Road of Success Entrepreneurial World
  13. 13. Cyprus Dream…. say what? Thank God.
  14. 14. Cyprus & Startups. Τραβάμε «ζόρι»?
  15. 15. R we Startup- Challenged?
  16. 16. ENTREPRENEURIAL MINDSET
  17. 17. LET’S TALK STARTUP Passion of CEO is the single differentiator between doing ok and doing well
  18. 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. 19. What’s a Startup A Temporary Organization Designed to SEARCH for REPEATABLE and SCALABLE BUSINESS MODEL Steve Blank
  20. 20. LEARN STARTUP
  21. 21. Rule 1 •Be the aspirin.
  22. 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 MIT, EDP Be the aspirin for your customer’s headache
  23. 23. Don’t fall in love with the technology. Fall in love with the customer
  24. 24. Rule 2 •Be a Pig.
  25. 25. What R U?
  26. 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. 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. 28. R u scared? Good.
  29. 29. Let’s talk money
  30. 30. 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
  31. 31. 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. http://under30ceo.com/5-creative-ways-raise-money-without-giving-equity/
  32. 32. Why Startups Fail? Most startups fail from lack of customers not from failure of product development Steve Blank
  33. 33. Keep learning http://steveblank.com/books-for-startups/…
  34. 34. http://startupdigest.com/cyprus Get involved. Get Connected
  35. 35. BE THE CHANGE. BE CRAZY.
  36. 36. Thank you @Stavriana_k skofteros@disy.org.cy

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