The Startup Ecosystem of Nicosia
Home to 39% of Cyprus’s startups, Nicosia boasts a vibrant startup ecosystem that is ranked 402 in the world.
CITY RANKING
In 2022, the startup scene of Nicosia shows much promise after advancing in the Global Ecosystem Index by 12 spots.
National Ranking
In Cyprus
Regional Ranking
In Western Europe
Global Ranking
Worldwide
ECOSYSTEM
Browse the startup ecosystem database of Nicosia
Download the Global Startup Ecosystem Index
Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!
Ecosystem
The Startup Ecosystem in Nicosia
Global Rank
Nicosia is ranked within the top 500 startup ecosystems globally.
Top Industries
Nicosia’s startups excel particularly in Fintech where it ranks 202 and in Social & Leisure, and Software and Data. Find out more
Top Cities for Startups in Cyprus - Ranked by StartupBlink
| 2022 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st + 1 | 379th + 56 | 1.331 | 0.13 | 0.23 | 0.97 | |
2nd - 1 | 402nd + 12 | 1.191 | 0.14 | 0.18 | 0.87 | |
3rd 0 | 848th - 255 | 0.235 | 0.03 | 0.03 | 0.17 |
Startups
Notable Startups in Nicosia
Startups
Successful Fintech startups in Nicosia
Startups
Startups Ranking by Industry
On our map, you can explore a total of 10 startups for Fintech.
In Western Europe, Nicosia's Social & Leisure is in top 281. Nicosia has a concentration of about 0% of the country's total Social & Leisure startups that are represented on our map.
Software and Data is ranked 341st in the world. Our database contains 4 startups for this industry.
ECOSYSTEM
Why should you join Nicosia's Startup Ecosystem?
Overview
Within Nicosia there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Social & Leisure, Software and Data. These three industries represent about 83% of the startups represented on the Startup Ecosystem Map of Nicosia.
2nd
National Rank
127th
Regional Rank
Overview
Nicosia is Cyprus' 2nd best startup ecosystem and is ranked 127th in Western Europe. With a population of 0.1M - 0.5M people, Nicosia is ranked th in the world. The city boasts some notable startup success stories including CAPEX.com.
ECOSYSTEMSFeatured Ecosystem Portals
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Recent Posts
Tue Mar 14 2023
EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?
Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]
Wed Mar 08 2023
How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?
Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide. StartupBlink’s GSEI is based on an elaborate algorithm […]
Tue Feb 28 2023
The Top 30 Countries by Absolute Power in 2022
What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita. The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]