Cyprus is becoming a top place for technology. Big tech companies are investing a lot of money. In 2024, Cypriot startups got almost $100 million. This shows strong growth for the island. Cyprus is Europe's fastest growing startup area for the second year. This money shows a healthy business world. Local and government plans to help new ideas are working well.
Money from America is coming because Cyprus is strong in certain areas. These include artificial intelligence, financial technology (fintech), and games. Investors from the US like new ideas. They are looking for good businesses outside busy tech cities. Cyprus has a good location and helpful tax rules. The government also offers support for talented people. This makes Cyprus a good choice for investors. Many new Cypriot business owners have a global view. They want to build international companies.
More startups are starting in Cyprus. The number of registered startups grew by 71%. This helped the whole business area grow by over 28% in 2024. Cyprus is now in the top 40 tech startup places in the world. It moved up five spots. Cyprus is also doing very well in specific tech areas. It is second in the world for games. It is third for fintech. It is ninth for blockchain technology. These numbers show Cyprus is changing. It is a good place for new technology and business success.