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The Cyprus University of Technology launches new Call to innovative Start-ups & SMEs

Press Release
January 19, 2022

The Cyprus University of Technology, in collaboration with ARIS (A Really Inspiring Space),
invites innovative start-ups/ SMEs to apply for the Acceleration program that will be implemented in Cyprus in the framework of the EU-funded project Organizing acceleration for high-potential innovative SME’s-(Gazelle)”. This is a unique opportunity for innovative startups and SMEs to go through an intensive business acceleration program, which will help them build their business model, benefit from technology transfer at the transnational level and enhance their international cooperation. In addition to the participation in the acceleration program, the selected applicants will benefit from the operation of the local Project Support Centre running at ARIS, and their participation in investment forums in Cyprus, Greece, and Bulgaria. Interested applicants should submit their application form by email before the 9th February 2022. Selection will be made on the basis of three main evaluation criteria, such as excellence, impact, and implementation. All the information concerning the Call, as well as the relevant application form are included in the link

What is the Gazelle project?

The Gazelle project funded by the transnational cooperation program “INTERREG BALKAN – MEDITERRANEAN 2014 – 2020”, aims to tackle the major obstacles in the development and growth of Gazelles (innovative companies characterized by their rapid growth pace) such as access to finance through the support of the creation and the valorization of Business Angels Networks (BANs) and access to external knowledge whether this is knowledge of the market or technical expertise by boosting technology transfer strategies and facilitating the connection between universities and innovative SMEs. Specifically, the main objectives are to develop and implement a pilot for a coherent mechanism for accelerating the development process for innovative companies; strengthen organizations that can support the creation of business Angels networks; and facilitate the knowledge transfer, and transfer of best practices, including the development of tools for business angels and entrepreneurs. In addition to the Cyprus University of Technology the project consortium consists of the Athens Chamber of Commerce and Industry, University of Athens, ENTERPRISE GREECE, Ruse Chamber in Bulgaria, and the Chamber of Commerce in Northern Macedonia.

For more information, news, and updates about the Call, stay tuned at:







For more information or any clarifications, you can contact by email the ARIS team at or by phone at 25868634 (between 9:00 a.m. until 16:00 p.m.).

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