IQ3SOLAR LIMITED has been crowned the winner of the prestigious Cyprus Entrepreneurship Competition (CyEC). The award was presented at the 8th Innovation and Entrepreneurship Forum, organized by the Centre for Entrepreneurship at the University of Cyprus.

IQ3SOLAR's contribution lies in its advanced sensor technology and algorithms, designed to detect faults and degradation in photovoltaic systems. This technology enables operators to swiftly address issues, thus enhancing production efficiency and revenue. Currently in beta testing, the company anticipates a full-scale launch in early 2024.

The competition witnessed fierce rivalry, showcasing the remarkable talent and ingenuity within the sector. IQ3SOLAR expressed their admiration and congratulations to all participants of the accelerator program and the pitch competition.

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Special recognition was given to the event's organizers, mentors, and donors, including Maria Lavithi, Constantinos Loizou, Philip Ammerman, Panos Markopoulos, and PwC. IQ3SOLAR also extended gratitude towards Cyprus Seeds, AReallyInspiringSpace, egg - enter.grow.go, U-SOLVE, CyprusInno, PV Technology, and the FOSS Research Centre for Sustainable Energy for their support.

A heartfelt thanks was also offered to the CYENS Centre of Excellence for providing valuable office space and to the company's original mentors and advisors - Paul Blackborow, Jonathan B. Green, and Thanasis Tsantilas - for their dedication and expertise. Their work is funded through the Research and Innovation Foundation (RIF) through the pre-seeds program.

iQ3Solar Limited has been formed with a singular focus: to revolutionize the field of Photovoltaic (PV) park Operation and Maintenance (O&M). The company's flagship project, iQ-THREE, is an intelligent platform designed to empower PV system operators with critical insights into the health and optimal functioning of their solar parks. This innovative approach underscores iQ3Solar's commitment to advancing the field of renewable energy through cutting-edge technology.

The Cyprus Entrepreneurship Competition stands as a beacon for fostering innovation and entrepreneurship with a positive impact. Embracing participants from diverse backgrounds, including students, researchers, academics, and graduates, the CyEC is dedicated to sparking the entrepreneurial flame. The competition transcends traditional business plan contests by offering a transformational journey that nurtures early-stage entrepreneurial ventures.

With an emphasis on sustainable solutions addressing global challenges, CyEC fosters an ecosystem of innovation through workshops, mentoring, and networking. Collaborating with both local and international partners, the competition cultivates an environment conducive to growth and global competitiveness.