With the right set of partners great things will emerge.


Role: Host Organization (HO)

Key people: Dr. Nicolas Nicolaou (YR), Dr. Efstathios Stavrakis, Dr. Theophanis Hadjistasi

Algolysis Ltd ( is a research, technology and innovation company focusing on tackling real-life problems by devising state-of-the-art algorithmic solutions. Founded in 2014, Algolysis is a recent entrant in Cyprus’ innovation ecosystem and is currently undertaking projects related to distributed ledgers, blockchain technology solutions, fault-prone distributed systems, mobile/sensor networks, data acquisition, visualization, and analysis. The company has a diverse research portfolio in computing, and its vision is to become a key technology provider in Cyprus and the south-east European region. Currently Algolysis Ltd. has secured funding through nationally-funded research and innovation project «ΠΡΟΒΛΕΠΩ» (, funded by the Ministry of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, which aims to develop techniques for storage-device failure prediction. Algolysis Ltd. is also a main partner in project SCHEDAR (, funded under the EC Joint Programming Initiative on Cultural Heritage call, in which the company is designing and implementing a prototype online 3D human motion capture search engine. The scientists of the company have the capacity: (i) to perform state-of-the-art research on topics highly related to the area of this project, and (ii) to develop software, web-platforms, and network applications that utilize cutting-edge software technologies and can be deployed across all popular computing (stationary or mobile) computing platforms. In particular, through current and past projects Algolysis’ scientists have developed specialized and complex web-platforms (e.g.,, 2D and 3D graphical applications and user interfaces, and network protocols both in single processor simulators as well as real-life network environments.
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