Kyriacos Kokkinos, chairman of Research and Innovation Foundation, has expressed the government’s commitment to provide the necessary 5G infrastructure to beef up shameful internet speeds.
He assured participants at the that the Cyprus IT Forum 2019, that the government acknowledges the importance of the IT industry and is fully committed to turning Cyprus into Europe’s fastest growing IT hub.
Kokkinos characterised the island’s current internet speed as “embarrassing” and highlighted that he will use his newly acquired position as chief scientist to address this problem and promote the development of 5G infrastructure.
Demetra Kalogerou, Chair of Cyprus Securities and Exchange Commission underlined SEC’s target to transform Cyprus into a safe and friendly environment for any business to operate and thrive.
During the two-day Limassol convention, participants had the chance to discuss business opportunities created by Artificial Intelligence, Big Data, Computer vision, Virtual reality.
Guests also participated in workshops that dealt with issues like Human Resource management, GDPR data regulation practices, anti-money laundering and international business development.
Aleksej Gubarev, co-founder of Haxus, a startup accelerator firm, said: “I lived in Cyprus for 17 years and I’ve experienced the huge growth of the IT community during the last four years.
It’s a pleasure to see that now there are events like CITF which bring new people together to share innovative ideas and unlock new business opportunities”.
During keynote presentations of the second day, Timur Bekmambetov, a Hollywood filmmaker and investor talked about his new project, “Screenlife”.
It's a storytelling technique based around showing the events from the perspective of a laptop or smartphone screen. Nowadays looking at screens takes up the majority of our time.
Bekmambetov said that his company has been running an asset operation and content distribution in Nicosia for seven years.
He also commented on the Government initiative of supporting movie production. He considers it a good opportunity for smaller projects, but he still thinks Cyprus lacks the infrastructure needed for serious movie production.
More than 300 attendees from the IT industry had the chance to participate at the two-day Cyprus IT Forum 2019, organized for a second consecutive year, on 20-21 May, at the Parklane Resort and Spa in Limassol.
