Applications open for 2026 Stelios Awards offering €200,000 to young entrepreneurs in Cyprus
Young entrepreneurs and start-ups in Cyprus can apply until October 31 for three Stelios Awards prizes totalling €200,000.
Nicosia, Cyprus. Applications for the 2026 Stelios Awards for Young Entrepreneurs in Cyprus are open until October 31, with €200,000 in cash prizes available for three winners. The awards ceremony will take place in Nicosia on November 10.
Prize fund and deadlines
The competition offers a first prize of €100,000, a second prize of €60,000 and a third prize of €40,000.
Applications opened on September 1 and will remain open for two months. The three winners will be recognised at a ceremony at the Stelios Philanthropic Foundation’s headquarters in Nicosia.
Support for business growth
The initiative is part of entrepreneur Sir Stelios Haji-Ioannou’s broader efforts to support young people establishing businesses in Cyprus. The awards focus on entrepreneurship, business growth and the creation of new jobs.
Since the scheme was launched in Cyprus in 2023, more than €360,000 has been awarded to young entrepreneurs.
Previous competition
According to the Stelios Philanthropic Foundation, the 2025 competition had a €200,000 prize fund and attracted a record 77 applications.
The €100,000 first prize was awarded to 23-year-old Limassol entrepreneur George Chrysostomides, founder and chief executive of Shrine Solutions Ltd, which develops digital technology solutions for e-commerce through its shrine.io platform.
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