ERMIS Research and Incubator Center (ERIC)

TALOS Development organization participates in the ERMIS Research & Incubator Center (ERIC). ERMIS was founded in February 2003 aiming the establishment of a support centre for new enterprises (strat-ups). This is an initiative of the four Incubator co-founders: Cyprus College, TALOS Development Organisation, Scientific and Technological Park of Crete, and Spidernet. ERIC after its successful participation in the competition (National Scheme for the Development and Operation of Business Incubators – New Industrial Policy) was selected by the Government of Cyprus and in co-operation with the Ministry of Trade, Industry and Tourism to materialize the Development Plan of New Innovative Enterprises. ERIC will be housed at the premises of Cyprus College and accepts applications from entrepreneurs for the development of new high technology enterprises. The innovators that will be selected will be evaluated on the basis of their business plans, and upon the approval of their plans they can receive subsidies up to CŁ120,000 (~€210,000) from the Government of Cyprus. For more information please contact Dr A. Michaelides (tel: +357-22454333 or ermis@ermis.org) Through its participation in ERMIS, TALOS is a shareholder of the following companies: 1.1. D.T. Diabetes Research Technologies Ltd (ERMIS participation 20%) Novel Antioxidant Formulations for the treatment of Diabetic Complications . 1.2. Pythagoras Engineering Ltd (ERMIS participation 20%) Development of a new type of vertical multistage pump for difficult applications of low discharge and high manometric head. 1.3. Atlantis Information Systems Technologies Ltd (ERMIS participation 20%) Building Automation Infrastructure Integration Management. 1.4. MEDSONIC Ltd (ERMIS participation 20%) High intensity focused ultrasound (HIFU) system, which is guided with magnetic resonance imaging (MRI) in order to treat brain tumors. 1.5. AGENCOR Information Systems Ltd (ERMIS participation 20%) Electronic Tele-alert System 1.6. FP Fire Car protectLtd (ERMIS participation 20%) Fire Security Systems for Vehicles 1.7. Toy Robot Systems C. S. Ltd (ERMIS participation 20%) Educational toys 1.8. DACTOLIVE Ltd Identification checking Systems 1.9. S K EMBIO Diagnostics Ltd Bioelectric Recognition Assay - BERA