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Press Release: CyRIC is the new BAE Affiliate Member


Business Angels Europe (BAE) and CyRIC are pleased announce that CyRIC will join BAE as an Affiliate Member.

CyRIC is the only certified Business Innovation Center and holds a unique and leading role in the local ecosystem of the Island. They operate their own Venture Building Incubator – Gravity Ventures – establishing key collaborations within the whole Cyprus ecosystem of startups, innovative SMEs and investors (both angel and VCs).


CyRIC provides a blend of investment opportunities and support to local and regional talent though its high-tech services and funding schemes. BAE and CyRIC have already enjoyed a fruitful working relationship during The Early-Stage Investing Launchpad project (ESIL), funded by the European Commission.

President of BAE, Luigi AMATI says: CyRIC becoming an affiliate member of BAE is good news. They are an important player in the Cypriot ecosystem, an ecosystem with very strong technologies and experienced investors. We look forward to exchanging experience and expertise over the coming years, and further integrating Cypriot investors into our European network.”

CEO of CyRIC, Panayiotis PHILIMIS, says: “Being part of BAE allows CyRIC to expand our network in mature angel investment markets, strengthen our own capacity through knowledge-sharing, and gain visibility and exposure for our high-quality entrepreneurs.”

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