The Startup Ecosystem of Nicosia

Home to 32% of Cyprus’s startups, Nicosia has a vibrant startup ecosystem that is ranked 395 in the world.

CITY RANKING

In 2023, the startup scene of Nicosia shows much promise after advancing in the Global Ecosystem Index by 7 spots.

National Ranking

1st
+
1
In Cyprus

Regional Ranking

118th
+
9
In Western Europe

Global Ranking

395th
+
7
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Nicosia

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Ecosystem

The Startup Ecosystem in Nicosia

Startups in Nicosia excel in Fintech, Social & Leisure, and Software and and Data. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Nicosia in 2023 is CAPEX.com, Covve, and PlayAmo.

Global Rank

Nicosia is ranked within the top 400 startup ecosystems globally.

Top Industries

Nicosia’s startups excel particularly in Fintech where it ranks 185 and in Social & Leisure, and Software and Data. Find out more

Top Cities for Startups in Cyprus - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
+
1
395th
+
7
0.838
00.00
00.00
00.00
2nd
-
1
431st
-
52
0.714
00.00
00.00
00.00
3rd
0
814th
+
34
0.190
00.00
00.00
00.00
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Startups

Notable Startups in Nicosia
CAPEX.com startup icon
CAPEX.com
Covve startup icon
Covve
PlayAmo startup icon
PlayAmo

Startups

Successful Fintech startups in Nicosia
CAPEX.com startup icon
CAPEX.com
Stoics IT Solutions And Services LTD startup icon
Stoics IT Solutions And Services LTD

Startups

Startups Ranking by Industry

Fintech icon
Fintech
#185 worldwide

On our map, you can explore a total of 9 startups for Fintech.

Social & Leisure icon
Social & Leisure
#254 worldwide

The Social & Leisure industry in Nicosia is ranked 254 globally. There are 5 startups for Social & Leisure on our sample database and map.

Software and Data icon
Software and Data
#313 worldwide

Software and Data is ranked 313th 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 86% of the startups represented on the Startup Ecosystem Map of Nicosia.

1st

National Rank

118th

Regional Rank

Overview

Nicosia is Cyprus' 1st best startup ecosystem and is ranked 118th in Western Europe. With a population of 0.1M - 0.5M people, Nicosia is ranked 395th in the world. The city has some notable startup success stories including CAPEX.com.

ECOSYSTEM
Startup Infrastructure in Nicosia
With a large variety of initiatives, Nicosia's startup ecosystem stands out from other cities in Western Europe. Nicosia offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Nicosia's most prominent support initiatives:

Coworking Spaces

Regus - Nicosia, 121 Prodromou Avenue startup icon

Regus - Nicosia, 121 Prodromou Avenue

Regus - Nicosia Jacovides Tower startup icon

Regus - Nicosia Jacovides Tower

Featured Ecosystem Portals

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