Cyprus · 2026

Build for Cyprus


Impact Innovation Program · 2026

A problem-first program that identifies real regional challenges and builds companies to solve them.

Who is behind this

Led by Katalink Global

Kateryna Ostapchuk, Founder and Managing Partner of Katalink Global

The Cyprus Impact Program is led by Katalink Global — an impact venture platform that works at the intersection of venture building, business transformation, and ecosystem development across CEE, MENA, and Africa.

The program is personally led by Kateryna Ostapchuk, Founder and Managing Partner of Katalink Global. Kateryna has been working with Cyprus businesses, founders, and ecosystem builders for over 10 years — supporting companies through strategic pivots, international expansion, and growth-stage challenges across tech, health, fintech, and impact sectors.

She has worked alongside local universities, accelerators, and investors, and has been part of the Cyprus startup conversation long before it became a trend.

Why this format

Most programs begin with ideas. We begin with problems.

The Cyprus Impact Program is designed around a simple belief: the best companies are built by people who deeply understand the challenges of the communities they live in.

That is why we start with a Founding Assembly — not a pitch competition — where local stakeholders, industry leaders, and future founders sit together to map what Cyprus actually needs. The Hackathon that follows is not about random hypotheses or borrowed trends. Every solution built during those two days responds to a real, identified, locally-validated problem. Teams are not guessing what the market wants — they are building for a market they are part of.

The Acceleration stage goes one step further. By supporting founders where they live and operate, we ensure that the companies created here have natural roots — real customers nearby, real relationships with local institutions, and real skin in the game. Founders who build at home build differently.

From problem discovery to Demo Day, the program develops ecosystem thinking — the ability to see how industries, communities, capital, and technology connect. We are not just building startups. We are building a generation of founders and leaders who understand that sustainable companies grow from ecosystems, not in isolation.

The challenges we build for

Cyprus has real problems. We build real solutions.

The problem briefs for the Hackathon are developed through the Founding Assembly — a structured gathering of local stakeholders who define what Cyprus actually needs. Below are the priority challenge areas identified through official government strategies and EU institutional reports.

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Water & Resource Management


Cyprus has the worst water availability in the EU — a Water Exploitation Index of 71%, far above the 40% threshold that denotes severe scarcity. In February 2026, dam reserves fell to 13.7% of capacity — the lowest since records began in 1901. The government committed €196 million for water measures in 2026 alone. Smart water infrastructure, circular water use, and community-level solutions are urgently needed.

Source: European Parliament 2025 · Cyprus Water Development Department 2026

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Mobility & Transport


Public transport represents just 3% of travel share in Cyprus. The island's National Recovery Plan includes €53 million for sustainable mobility — but structural dependence on private vehicles, absence of integrated transport systems, and low EV adoption remain unresolved. Solutions in smart mobility, last-mile transport, and behavior change are needed.

Source: European Parliament 2025 · Cyprus National Recovery Plan

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Healthcare & Ageing Population


17.7% of Cyprus's population is now over 65, up from 11.3% in 2000. Non-communicable diseases account for more than 90% of deaths. The General Healthcare System is still evolving — with digital health uptake uneven and workforce shortages projected to intensify. Solutions in preventive health, digital health infrastructure, and elderly care are in direct demand.

Source: Statistical Service of Cyprus · Eurostat 2024 · European Parliament 2026

Energy & Climate Transition


Energy contributes 71.4% of Cyprus's greenhouse gas emissions. Cyprus ranks 44th in the 2025 Climate Change Performance Index with low and very low ratings in renewable energy and climate policy. The transition requires innovation in energy storage, smart grids, and community energy solutions.

Source: European Environment Agency 2025

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Food Security & Agriculture


Agriculture is among the most vulnerable sectors to climate change in Cyprus — facing heat stress, reduced groundwater, and risk of crop failure. Urban farming, food waste reduction, and agri-tech solutions are identified as priorities within the national recovery framework.

Source: Cyprus National Adaptation Strategy 2025-2050

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Digital Inclusion & Public Services


Only 49.46% of Cyprus's population has at least basic digital skills — below the EU average of 55.6%. Digital public services remain below the EU average. Significant gaps persist across older age groups and rural communities.

Source: EU Digital Decade Country Report 2025

Program timeline

Program Timeline

  1. 01 · April → August 2026

    Preparation Phase

    Problem briefs developed and published. Applications open. Mentors and jury confirmed.

  2. 02 · September 2026

    Cyprus Impact Hackathon

    50+ participants. 2 intensive days. Day 1: Ideate & Build. Day 2: Refine & Pitch. Top teams selected for Acceleration.

  3. 03 · October 2026 → January 2027

    Acceleration

    Month 1: Validate — customer discovery, market validation, KPI definition. Month 2: Build — MVP, first pilot or letter of intent. Month 3: Traction — pilot results, impact measurement, financial model. Month 4: Fundraise-Ready — investor narrative, warm introductions.

  4. 04 · January 2027

    Demo Day

    Public showcase with invited investor audience. Partners featured as founding ecosystem builders.

Who we are looking for

Who We Are Looking For

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Co-Founder Partners


We are looking for 5–8 companies that believe Cyprus needs this — and want to be known as the organizations that made it happen. Co-Founder Partners co-own the program narrative, sit at the Founding Assembly table, define challenge themes, and have direct access to the talent and companies that emerge.

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Investor Syndicate


We are forming a dedicated micro-fund to invest in the best companies that graduate from the program. If you want deal flow with context — founders you watched build from day one, in a region you know — this is the right format.

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Founders & Participants


If you live in Cyprus or are building for Cyprus — this program was designed for you. We are looking for people who understand the problems from the inside and are ready to build solutions that last.

The ecosystem

Built with Cyprus, for Cyprus

The program does not arrive from outside with answers. It is built from within — with the organizations, institutions, and individuals who are already shaping the island's future. Our founding partners, jury members, mentors, and ecosystem collaborators are drawn from across the Cypriot landscape: fintech, healthtech, agritech, education, banking, government, and beyond.

Cyprus has the problems. We have the format. Let's build the companies.


kateryna.ostapchuk@katalinkglobal.com · katalink.global