Supporting
Start-ups

Universities play a crucial role in fostering innovation and supporting start-ups that contribute to a smart, green economy.

By providing resources and an enabling environment to start-ups, we strive to drive technological advancements and promote sustainable practices.

Open Laboratories

Frederick University’s laboratories are made available to start-ups for experimentation. They can access our equipment and infrastructure in order to create new knowledge or support their learning needs. For further information please contact the University’s Research and Interconnection Service at research@frederick.ac.cy.

Supporting start-up funding applications

Frederick University participates as a supporting academic institution in efforts of start-ups to obtain external funding to further their actions. Over the last two years it has supported dozens of start-ups related to technology, AI, low-carbon innovation, energy and renewables, food waste management, medical imaging, etc.

Participation in the Innovation Vouchers Programme

Frederick University participates in the Innovation Vouchers Programme of the Research and Innovation Foundation (RIF), which supports the growth and competitiveness of start-ups, innovative companies, and SMEs through advisory services provided by research organizations like Frederick University. The Programme encourages Small and Medium Enterprises (SMEs) to engage in research and innovation activities, promoting collaboration between businesses and knowledge-intensive organizations. Beneficiaries receive “Innovation Vouchers,” which they redeem for specialized research and innovation services offered by participating organizations. Through this initiative, Frederick University has supported innovative start-ups driving technological progress and sustainability.

Innovation Competitions

The University actively encourages student participation in industry-sponsored competitions aimed at empowering the younger generation to contribute positively to the local society and economy. One such example is “HackAIthon: AI in Fintech”, one of the most significant hackathons in Cyprus. In the 2024 edition, two Frederick University students in the Computer Science and Computer Engineering programs, were part of the team that won. In the event 24 teams and over 70 participants from Cyprus and abroad, including professionals, competed. Another example is the ‘Next Generation proposals for a better Cyprus’ competition, co-organized in 2023 with Consulco, an investment management company. In this competition, undergraduate and postgraduate students proposed structural changes to enhance the investment sector in Cyprus, through extensive research and innovative ideas presented in comprehensive essays.

Supporting student start-ups

Frederick University actively supports student startups. Members of the University’s academic staff are engaged as consultants, mentors, and research associates. One example is MammoCheck, which is developing a mechanism for women to perform painless examinations at home for the early detection of breast cancer, utilizing thermography and MammoCheck’s Artificial Intelligence system. The startup recently secured support from Cyprus Seeds, a non-profit organization with a mission to help commercialize innovative academic research.

Spin-offs & start-ups

A number of innovative spin-offs and start-ups have been established to exploit intellectual property that has originated from within Frederick University. They drive advancements across diverse fields, including software for engineering optimization, hydrogen-based green energy, RF and microwave component design, GNSS technology for meteorology and positioning, virtual tour platforms, and smart readiness audits for organizations. Through specialized R&D, each venture contributes to technology solutions that enhance industry efficiency and sustainability.