05/06/2026
We were delighted to participate in today’s government event, “Artificial Intelligence: New National Infrastructures and Opportunities for Research & Innovation,” organised by the Deputy Ministry of Research, Innovation and Digital Policy at the Presidential Palace.
The event brought together leaders from government, academia and industry, including John Josephakis, Vice President of Sales and Business Development for HPC/Supercomputing at NVIDIA, who shared insights on Cyprus’ collaboration with NVIDIA and the role of advanced computing in accelerating AI adoption and innovation. Through the presentation of Pharos-CY, the Cyprus AI Factory Antenna, and the National High-Performance Computing infrastructure, the event highlighted on how these new capabilities can strengthen Cyprus’ technological sovereignty and ensure that the country is not only a user of emerging technologies, but an active participant in shaping and applying them.
TechIsland’s Chairman, Valentinos Polykarpou, joined the panel discussion on how Cyprus can strategically leverage AI and HPC, alongside representatives from the public sector, academia and industry.
During the discussion, Valentinos underlined that Cyprus has already built strong momentum as a growing technology and innovation hub. According to KPMG Cyprus, the technology sector now contributes directly 16.2% to Cyprus’ GDP, has a total economic impact of approximately €11.9 billion, and supports around 79,000 jobs across the economy. Building on this foundation, he stressed that the next step is to keep investing in the pillars that will allow this momentum to grow: infrastructure, local talent, upskilling and reskilling, and, most importantly, the next generation.
As he noted:
“STEM today is not just a career path. It is literacy. It is a basic way of understanding the world around us. STEM must be for everyone — not because everyone needs to learn how to code, but because everyone should have the knowledge, skills and confidence to understand and use the technology that is already shaping their lives and work.”
At TechIsland, we believe that technology can and should become a core pillar of the Cypriot economy — not as something distant or future-facing, but as something already happening, with the potential to define the country’s next chapter.
Thank you to the Deputy Ministry of Research, Innovation and Digital Policy for the invitation and for driving forward initiatives that strengthen Cyprus’ innovation ecosystem.