Nicosia, Cyprus. The Stelios Bi-Communal Awards for Business Co-operation in Cyprus will be held on June 8 in Nicosia to recognise joint ventures between Greek Cypriots and Turkish Cypriots. President Nikos Christodoulides is expected to attend, organisers said.
Event focus and participants
Organisers said the awards are being held for the 16th consecutive year, aiming to strengthen bi-communal collaboration by creating business opportunities and encouraging shared growth and peaceful coexistence.
A total of 78 entrepreneurs are participating in this year’s competition, forming 39 bi-communal business teams competing for a €500,000 prize fund. The organisers said the initiative supports partnerships that bring together individuals from both communities in pursuit of a shared entrepreneurial future.
Funding and selection
The prize fund is provided by Sir Stelios Haji-Ioannou, founder of the easy family of brands and chairman of the Stelios Philanthropic Foundation, which has supported the awards since their inception.
Nine winning teams will be selected based on their cooperation, innovation and business potential.
Awards and prize breakdown
The Gold Award has a total value of €150,000, with €75,000 allocated to each entrepreneur in the winning team.
Two teams will receive the Silver Award, sharing €200,000, with each team awarded €100,000 split equally between the two partners.
Six additional teams will receive the Bronze Award, sharing a combined €150,000, with each team receiving €25,000, or €12,500 per entrepreneur.
What do you think the awards’ selection criteria will prioritise most: cooperation, innovation, or business potential?
