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Cyprus Entrepreneurship Report: Opportunities Rise, Fear Persists

4/30/2025

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Summary

Story summary

The 2023/2024 National Report on Entrepreneurship in Cyprus reveals a rise in perceived business opportunities to 39.8%.
Fear of failure deters 53.3% of aspiring entrepreneurs.
Young adults (18-34) dominate startups at 14.4%, with men leading women (14.5% vs. 4.9%).
The government allocates €362 million in grants to improve the business landscape and foster innovation.

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Story summary

The 2023/2024 National Report on Entrepreneurship in Cyprus reveals a rise in perceived business opportunities to 39.8%.
Fear of failure deters 53.3% of aspiring entrepreneurs.
Young adults (18-34) dominate startups at 14.4%, with men leading women (14.5% vs. 4.9%).
The government allocates €362 million in grants to improve the business landscape and foster innovation.