Accelerator Programme offers funding up of to €20.000 to Start-ups

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31 March 2021

Press Release
Accelerator Programme offers funding up of to €20.000 to Start-ups
Application deadline: April 26th

Chrysalis LEAP announces the opening of the application phase for the new Accelerator Programme of EIT, which is addressed to start-ups that are focused in the fields of sustainable development and climate change.
The new Accelerator is called MED ClimAccelerator and is addressed to start-ups that have surpassed the idea stage and are in the process of making their entry to the market by finding and securing their first customers, as well as engaging in discussions with potential investors.
MED ClimAccelerator will be run by a consortium of 3 EIT country partners, Portugal, Cyprus and Malta. The consortium’s aim is to establish a Regional Cleantech Accelerator Ecosystem and serve start-ups in the Mediterranean region and to also become a bridge between Middle East, North Africa and Southern Europe.
Chrysalis LEAP, the fist cleantech start-up accelerator in Cyprus, is the partner in charge of running the Accelerator programme in Cyprus and one of the 3 Cypriot regional partners of Climate-KIC, one of the Knowledge and Innovation Communities (KICs) by the European Institute of Innovation and Technology (EIT), the EU body tasked with creating sustainable European growth while dealing with the global challenges of our time.
Through the programme, besides the financial support, start-ups will receive top-notch training in Cyprus and abroad from expert trainers with several years of experience, as well as constant guidance and coaching throughout the programme.
The training will be designed according to the stage of development of each start up and it will include the generation and validation of their business model, an introduction to Financial & Business Planning as well as access to investors and start-up investment programmes.
Funding can reach €20.000, depending on the maturity level of each start-up, and it is equity free.
Following an assessment of all applications received, eligible candidates will be invited to pitch their start-up in front of a jury that will comprise individuals from Cyprus and abroad with extensive knowledge and experience on entrepreneurial topics.
Interested applicants can submit their application by visiting the MED ClimaAccelerator website ( or on the Chrysalis LEAP Social Media Accounts. The deadline is April 26. Participation to the programme is free.
The programme in Cyprus is supported by PwC Cyprus and Bernhard Schulte Shipmanagement (BSM).

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