• Posted 09-Mar-2021

THE UNIVERSITY OF NICOSIA SUPPORTS THE ENNOVATION 14TH UNIVERSITY COMPETITION ON ENTREPRENEURSHIP AND INNOVATION

The University of Nicosia is part of a network of 21 universities across Greece and Cyprus supporting the Ennovation competition, which features a dynamic line-up of online events and Entrepreneurship Stories

Ennovation  is an international University competition on Entrepreneurship and Innovation. It aims to promote new entrepreneurial ideas, based on innovation and new technologies, competitiveness in the global market, and sustainable development. The competition is run through a network of 21 universities in Greece and Cyprus, with the organisational support of the Athens University of Economics & Business.

Ennovation is comprised of three distinct streams:

• The Entrepreneurship Stream focuses on innovative ideas that address a specific market need or opportunity.
• The Research Stream is specifically addressed to researchers and research teams wishing to take the outcome of their research efforts to the market.
• The Young Entrepreneurship Streamis specifically addressed to early stage innovative ideas.

Proposals submitted to the three streams are separately evaluated, following a distinct template for Phase II and respective evaluation criteria.

Mentoring & Support

Special workshops are currently being held by the collaborating universities to support the participants, in which the academic partners and business experts share their experience from their long careers in national and multinational enterprises and organisations. They provide candidates with the necessary guidelines and expertise to develop their business plan and promote their business idea. In the final stage, they offer further advice and support on how to accomplish its implementation, particularly on critical issues such as finance, technical infrastructure, organisation, and human resources.

Entrepreneurship Stories

Several Entrepreneurship Stories will be shared in the process, as part of highlighting previous success stories to emerge from the Ennovation competition, as well as extending practical guidance to candidates via case studies.

You can keep up to date with the upcoming online events and workshops, as well as access the Entrepreneurship Stories via the Ennovation Facebook Page.

Ennovation Competition Phases

Phase 1: IDEA SUBMISSION -Groups of students/researchers submit a brief description of their idea (in 1 to 3 pages).

Deadline: 30 July 2021

Phase 2: ACCELERATION PROCESS - The teams that progress to this phase will have the opportunity to develop a more detailed version of their idea, business model and/or prototype.

Deadline: January 2022

Phase 3: FINAL PRESENTATIONS - The teams that progress to this phase are invited to present their case to a committee of investors and experts.

Deadline: March 2022

The Awards Ceremony: The winning teams are to be announced

Source: University of Nicosia (https://bit.ly/38lRlBV)