The Research & Innovation Foundation (RIF) is subsidizing startups for Web Summit 2019

The Research & Innovation Foundation (RIF) is subsidizing startups for Web Summit 2019

The Research and Innovation Foundation (RIF) is announcing a call for expressions of interest for the participation of Cypriot startups in the popular Web Summit, which will take place on 4-7 November 2019 in Lisbon, Portugal.


The press release that RIF published in their website mentions: “The Cypriot startups that are at an appropriate stage of development and maturity and will be selected, after being evaluated, to participate in the Cyprus mission, will have the opportunity to tour the exhibition area, attend presentations and lectures, present their ideas and come up in contact with potential investors and affiliates at Web Summit 2019. The selected start-up companies will be offered the Web Summit 2019 entry ticket for one of their representatives (worth € 850) as well as a lump sum of € 900 to cover part of their travel and accommodation expenses.

Interested startups can apply for participation in Web Summit 2019 by submitting an application online until September 10, 2019. The selection of startup companies will be made by a special committee of experts and the outcome will be announced during September 2019. It is noted that the committee may request additional information or a pitch from the representatives of startups that will participate in the Cyprus mission.”

In addition, any startups who already subsidized in the past they can apply. The committee will take into consideration that factor also. This call is for startups who are exhibiting in the Alpha and Beta stage of Web Summit. The Cyprus Mission is organized by the Research & Innovation Foundation and supported by Invest Cyprus and the accelerator-incubator IDEA.

Click here to apply.

For further information you can contact Mr. George Christou at +357 22205030 and e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..

Definitely this is a very good initiative that helps the Cyprus ecosystem to achieve more international outreach and more of these missions are needed to help the Cypriot startups build more competitive products.

websummit2018 cyprus 1Photo Credits: IDEA - Members of the Cyprus mission attending Web Summit 2018. 

A few words about Web Summit

Forbes has said that they run “the best technology conference on the planet”. The Atlantic said that Web Summit is “where the future goes to be born” and The New York Times mentioned that they assemble “a grand conclave of the tech industry’s high priests.”.

At a time of great uncertainty for industry upon industry and the world itself, they gathered the founders and CEOs of technology companies, fast-growing startups, policymakers and heads of state to ask a simple question: where to next?



Panis Pieri
Author: Panis Pieri
Founder of RiseTech Media
Keep innovating and digitally disrupting the world by generating positive social change. Do it while building a growth mindset!

RiseTech Media supports


The AgileHR meetup organised by the Cyprus Agile and Innovation Community. Click here to register. 

The Robotex Cyprus competition organised by the Cyprus Computer Society. Follow their social media updates here.