Incubator · umbrella entity

Start operating before you incorporate

The earliest stage is where most of the money goes to formation, compliance and banking, before anyone knows whether the idea works. In the incubator, early teams work under an existing legal entity: revenue is collected for you and paid out minus a commission, so you can test the hypothesis legally in Cyprus without opening a company first.

How it works

Four steps

01

You come in with a hypothesis

An idea, a prototype or a first paying customer, but no company, no bank account, no compliance file yet.

02

You work under our entity

Instead of incorporating on day one, you operate under an existing Cyprus legal entity. Contracts and invoicing run through it.

03

Revenue is collected and passed through

Money from your customers is received by the entity and paid out to you. The programme itself is paid for up front, so revenue is not taxed twice by a commission on top.

04

You incorporate when it makes sense

Once the hypothesis holds, you set up your own company and move the operation across, with traction already on paper.

What it costs

A flat fee, no equity

The incubator is paid for up front and takes no share of the company. Equity is the accelerator's model, and a team at this stage has nothing worth diluting yet.

Entry to the programme
$3 500 - 4 000
Equity taken
None
Term
No fixed term

The exact figure depends on how much packaging the project needs, and it is agreed before anything starts.

What it removes

The early-stage tax

No day-one incorporation

Company formation, registered address, accounting and the yearly overhead can wait until there is something to protect.

No solo compliance run

Onboarding, KYC and the bank account are handled through the entity you operate under, not by a two-person team with no track record.

Legal footing in Cyprus

You can sign, invoice and get paid legally while the product is still an experiment.

Cash for the test, not for lawyers

The money you have goes into validating the hypothesis instead of into formation and advisory fees.

Who it's for

Fit

  • Pre-incorporation teams testing a first hypothesis
  • Founders relocating to Cyprus who need to start operating before the paperwork lands
  • Side projects with early revenue that need a legal way to invoice
  • Accelerator candidates who are still one stage too early

Commission, contract template and eligibility are agreed case by case and are being finalized. Talk to us before you plan around them. The incubator is an operating arrangement, not a fund investment: it does not replace legal or tax advice.

Our mentors

Who helps you test it

Oleksandr Orlyk
Finance

Oleksandr Orlyk

Finance from zero to investor ready

I have been the first or only finance hire at three venture-backed companies — a Volkswagen Group venture, a Bertelsmann-backed HR-tech group and a Berlin e-commerce platform — and built each finance function from scratch: model, reporting, controls, banking and multi-country tax. I have negotiated an angel round and a bank credit facility as finance lead, owned investor reporting and due-diligence Q&A, and supported DD on multiple >€50M acquisitions and post-acquisition integration. Most recently I have been automating the work founders hate — multi-country VAT and compliance filings, product master data — with Python and LLMs, turning a week-long monthly cycle into one click.

Bring me: the model you are about to show investors; a cross-border entity structure you are unsure how to finance or report; DD prep; or the question of what to automate before you make your first finance hire.

One bias I will admit to: most early-stage companies hire finance too early and automate it too late. The first finance person should be senior enough to build the whole function and then script most of it away — which is why it rarely needs to be a full-time seat.

Based in Limassol, working remotely across the EU. Ukrainian · Russian · German · English · Portuguese.

Nik Chepenko
Sales & GTM

Nik Chepenko

Head of EU Office at Verysell Group (Switzerland), leading AI product and commercial development across the European market

  • MBA (Harvard-affiliated university), 9+ years in fintech, AI and enterprise software.
  • Built commercial and go-to-market functions from the ground up - sales strategy, pipeline, team and processes - across multiple companies and markets.
  • Closed enterprise deals worth $1M+, working with telecom operators, major banks, PSPs and government entities across 15+ countries including the UAE, Saudi Arabia, Egypt, Jordan, Zambia and Kazakhstan.
  • Launched fintech infrastructure and mobile wallet platforms for leading telecom operators and major banks, taking products from concept to live deployment across multiple regions.
  • Deep expertise in go-to-market strategy: market entry, partner ecosystems and scalable sales operations in regulated markets (EMI, PSP, crypto-fiat rails).
  • Expert in AI commercialisation, from concept to product for enterprise and mid-market clients.
  • Experience spanning Europe, the Middle East, Asia and Africa, from ministry-level negotiations to partnerships with the region’s largest service providers.
HAPPIX · IRMC (Board)

Anatoliy Kompanichenko

Marketing & business-development strategist

An independent marketing and business-development strategist who works directly with owners and CEOs, turning founder-dependent, ad-hoc growth into structured, measurable systems. CEO of HAPPIX and a board member at IRMC.

A practitioner, not a theorist: his track record spans launching and scaling ventures across hospitality, entertainment, events and consumer brands — including go-to-market and positioning. He steps in where the current growth model has run out.

Alina Nezhyd
Finance & Fundraising

Alina Nezhyd

Investor-ready finance for high-growth tech

A finance executive and startup mentor with 10+ years helping technology companies build scalable financial operations and sustainable growth — across investment, FinTech, iGaming, payments and high-growth tech, where finance is a strategic driver of product expansion, profitability and long-term value.

Built and scaled finance, billing and managerial-accounting functions from the ground up, overseeing high-volume payment operations with portfolios above $100M and millions of transactions. Covers revenue optimization, unit economics, liquidity management, financial modeling and operational frameworks that let businesses scale while balancing growth, profitability and risk.

Advises founders on financial strategy, investor readiness, monetization and scalable business models — validating unit economics, building credible projections and preparing for fundraising and international expansion, so they're ready not just to raise capital but to build financially resilient companies that scale globally.

Next stage

Ready for acceleration?

Once the hypothesis holds and there's traction, the personalized accelerator takes the company from product to a round.

Inside the accelerator →

Not sure where you are?

Ask the advisor

Describe the project in a few sentences and get a read on which track fits: incubator, accelerator or straight to the investor pipeline.

Open the advisor →