Kofteros cyprus startup ecosystem
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Kofteros cyprus startup ecosystem

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Kofteros cyprus startup ecosystem Kofteros cyprus startup ecosystem Presentation Transcript

  • Cyprus Startup Ecosystem Stavriana A. Kofteros Career & Entrepreneurship 2014 @UCY
  • 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
  • TO ECOSYSTEM From EGOSYSTEM
  • Overall Business Environment Funding Support Structures Team YOU
  • Business Environment Market Sources of Funding Legislature Competition Taxes Gov Startup Strategy & Programs In your market & in your country of op
  • Funding MECIT Entrepreneurial Innovation Program CyEC CyBAN You… International Market = International Investors
  • 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
  • Team Startup Community Networking Co Founders Team
  • YOU. potentially a startup entrepreneur in process Its up 2 U!
  • 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
  • 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?
  • The Road of Success Entrepreneurial World
  • Cyprus Dream…. say what? Thank God.
  • Cyprus & Startups. Τραβάμε «ζόρι»?
  • R we Startup- Challenged?
  • ENTREPRENEURIAL MINDSET
  • LET’S TALK STARTUP Passion of CEO is the single differentiator between doing ok and doing well
  • 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
  • What’s a Startup A Temporary Organization Designed to SEARCH for REPEATABLE and SCALABLE BUSINESS MODEL Steve Blank
  • LEARN STARTUP
  • Rule 1 •Be the aspirin.
  • 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
  • Don’t fall in love with the technology. Fall in love with the customer
  • Rule 2 •Be a Pig.
  • What R U?
  • 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
  • • 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
  • R u scared? Good.
  • Let’s talk money
  • 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
  • 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/
  • Why Startups Fail? Most startups fail from lack of customers not from failure of product development Steve Blank
  • Keep learning http://steveblank.com/books-for-startups/…
  • http://startupdigest.com/cyprus Get involved. Get Connected
  • BE THE CHANGE. BE CRAZY.
  • Thank you @Stavriana_k skofteros@disy.org.cy