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CYBER KIDS: Difference between revisions
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==Company evolution and death== | ==Company evolution and death== | ||
CYBER KIDS was an internationally registered trademark of the mother company, [[MISnTED: Management Information Systems & Technology Development]]. The three founding members, [[Yiannis Laouris]], [[George Vakanas]] and [[Maria Symeonides] donated 30% of their total shares to the [[Cyprus Neuroscience and Technology Institute]] in order to fund its socially responsible research operations. In addition, [[MISnTED: Management Information Systems & Technology Development]] provided yearly grants to [[Cyprus Neuroscience and Technology Institute]] for research. The project was originally funded by the partners' and by a CY £44,000 government loan. All key people were invited to join as partners: [[Dinos Georgiades]], [[Evros Alexandrou]], [[Harry Anastasiou]], and all employees were given shares totalling to £250,000 of value. | CYBER KIDS was an internationally registered trademark of the mother company, [[MISnTED: Management Information Systems & Technology Development]]. The three founding members, [[Yiannis Laouris]], [[George Vakanas]] and [[Maria Symeonides]] donated 30% of their total shares to the [[Cyprus Neuroscience and Technology Institute]] in order to fund its socially responsible research operations. In addition, [[MISnTED: Management Information Systems & Technology Development]] provided yearly grants to [[Cyprus Neuroscience and Technology Institute]] for research. The project was originally funded by the partners' and by a CY £44,000 government loan. All key people were invited to join as partners: [[Dinos Georgiades]], [[Evros Alexandrou]], [[Harry Anastasiou]], and all employees were given shares totalling to £250,000 of value. | ||
In 1996, the [[Cyprus Development Bank]] became a partner with 10% in the Cyprus (mother) company and 30% in the Greek subsidiary, investing £100,000 and £300,000 respectively. It was under the leadership of the [[Cyprus Development Bank]], that in 2000 CYBER KIDS merged with 11 other companies to form a public, high-tech company known as [[CYBER GROUP]]. Unfortunately, the crash of the stock markets in combination with a number of unconstitutional laws passed repetitively by the Cyprus Parliament allegedly to "protect" the rights of investors, forced CYBER KIDS to bankruptcy along with more than 100 other entrepreneurial companies. | In 1996, the [[Cyprus Development Bank]] became a partner with 10% in the Cyprus (mother) company and 30% in the Greek subsidiary, investing £100,000 and £300,000 respectively. It was under the leadership of the [[Cyprus Development Bank]], that in 2000 CYBER KIDS merged with 11 other companies to form a public, high-tech company known as [[CYBER GROUP]]. Unfortunately, the crash of the stock markets in combination with a number of unconstitutional laws passed repetitively by the Cyprus Parliament allegedly to "protect" the rights of investors, forced CYBER KIDS to bankruptcy along with more than 100 other entrepreneurial companies. | ||
