Cyprus Mail

Nicosia mulls ‘creative business district ‘

Nicosia mayor Constantinos Yiorkadjis

Nicosia municipality is mulling a €15 million project to create a creative business district, mayor Constantinos Yiorkadjis said while visiting the IDEA programme headquarters on Monday.

IDEA, a move set up by Bank of Cyprus offers a support system through mentoring and finances to nine start-up businesses. Housed in Phaneromeni square on Likourgou Street, Yiorkadjis toured the headquarters and was briefed on the programme’s details.

Chairman of IDEA steering committee Haris Pouagare told the mayor the surrounding area was brimming with several newly set-up businesses while IDEA’s start ups have the support of well established business persons.

Participants also receive training and advice from strategic partners such as the Cyprus International Institute of Management, Deloitte, MTN, Innovation/Leo Burnett and the Lellos Demetriades law office.

Yiorkadjis said he was pleased with the programme and its location, adding the municipality was preparing similar projects aimed at developing start-ups. Infrastructure will cost some €15 million while the municipality is trying to obtain an additional €16 million to create an innovation centre focused on virtual reality.

For more information on IDEA visit, call 22 001500 or visit [email protected]

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