The Minister of Energy, Trade and Industry, Michalis Damianos, placed emphasis on supporting new entrepreneurship, start-ups and innovation while speaking on Friday afternoon at a workshop organised by the Pafos Municipal Youth Council at the ‘Attikon’ Cultural Centre.
In his address at the workshop, titled ‘Mapping Cyprus’s Business Ecosystem – Empowering the new generation of entrepreneurs and start-ups’, Damianos referred to the role of young people in shaping Cyprus’ economic future. He also noted that Cyprus has the potential to develop into a modern, dynamic and competitive business hub.
The Minister emphasised that the country’s business ecosystem is evolving rapidly, with the green transition, digitalisation, innovation and outward-looking policies creating new opportunities for the development of business ideas.
He made special reference to the younger generation, noting that they possess the knowledge, skills and creativity required to play a significant role in the business sector.
Damianos stated that the Ministry of Energy, Trade and Industry, through the grant schemes it implements, promotes new entrepreneurship and fosters innovation, with the aim of equipping young people with the necessary tools to turn their ideas into sustainable business ventures.