State funded equity fund

This investment, which receives EUR 20 million from the Recovery and Resilience Facility, aims to support the efforts of the Government to enhance access to alternative sources of finance aiming to foster economic development and growth and enhance the competitiveness of small-medium enterprises in Cyprus, increase the availability of alternative financing sources, particularly for innovative companies and start-ups and contribute to the enhancement of the ecosystem for equity and venture capital investments. 

The agreement for establishment of the Fund was signed between the EIF and the selected Fund Manager in September 2023. The Fund was set up in December 2023. 

The fund has started providing  support from January 2025 and is currently negotiating with interested investees. 

The implementation of the investment shall be completed by 30 June 2026. 

More information can be found at the following link: 

• https://www.cbn.com.cy/article/2023/11/7/741573/cyprus-and-eibs-eif-launch-first-ever-equity-fund/