€40 Million for Cypriot Startups: 33East’s Plan to Fund Cyprus

In this episode of "Made in Cyprus," we sit down with Yiannis Eftychiou, co-founder of 33East, Cyprus' first VC fund backed by the European Union. We explore the challenges and opportunities that come with building a venture capital ecosystem on the island, how 33East is bringing nearly €40 million into the local tech scene, and what it takes to foster homegrown innovation. Yiannis shares his insights on why Cyprus is uniquely positioned for high-tech growth, the role of government and private sector alignment, and the strategic vision driving 33East. We also discuss the global perception of Cyprus as a tech hub and the importance of reversing the brain drain through local investment. Tune in to hear how 33East is set to transform the landscape for Cypriot startups and place the island on the global tech map. Brought to you by Factory 39.