PwC Cyprus: Promoting entrepreneurship and innovation by supporting Junior Achievement | Stockwatch

Fostering a culture that focuses on innovation, technology and sustainable development

The “Company of the Year” competition organized by Junior Achievement Cyprus has wrapped for the school year 2021-2022 and as is the case every year, it was a huge success.

The “Company of the Year” is the biggest youth entrepreneurship program in Cyprus. A total of 50 student companies, 28 schools and over 400 students aged 15-18 years old, developed their business ideas and competed for the title of “Business of the Year 2022”. The winning team was “Nutrica Plus”, from the Agios Georgios Lyceum in Lakatamia, which created two innovative products: a food supplement for pets and a compost for plants, using high-calcium eggshells. “Nutrica Plus” will now represent Cyprus in Junior Achievement’s European Competition that will take place in July in Estonia. The team “JAMICS” from the International School of Paphos achieved second place, but also received the award for the most innovative product / service, which was granted by PwC. The team created an application, which is essentially a smart pillbox that has been specially designed to remind patients to take their medication, at the right time and with the correct dosage.

Congratulations go out to all the participating teams for the effort they made to present their extremely remarkable business ideas and products.

PwC Cyprus has supported Junior Achievement Cyprus and the “Company of the Year” competition for the past eight years. As of 2021, this support was upgraded to a strategic sponsorship, which translates into a more active involvement of the organization and its people. It should be noted that over 20 PwC Cyprus mentors participated in this year’s program, passing on their experiences and knowledge to the students as they guided them through creating and operating their business.

Furthermore, PwC Cyprus supports the program “Our community”, which aims to familiarize third-grade primary school students with terms such as “career”, “social contribution”, “innovation” and “decision-making”. A total of 300 primary school students attended the program this year.

Supporting innovation and encouraging youth entrepreneurship have always been at the core of PwC Cyprus’ operations. The organization’s actions revolve around investing in these sectors, as well as supporting the local community. During these volatile times, the general consensus is that it is imperative to develop knowledge and skills in the fields of innovation, technology and entrepreneurship from an early age.

In statements, PwC Cyprus CEO Mr Philippos Soseilos highlighted how important it is to support young people but also how rewarding it is for PwC Cyprus to support and actively participate in Junior Achievement Cyprus’ programs. He said, “Through this multifaceted support, active involvement and interaction with the students, PwC Cyprus’ people have the opportunity to volunteer and come up with new ideas, away from their demanding daily work environment”.

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