This newsletter from a University of Cyprus business incubator introduces two startup companies, provides updates on two other portfolio companies' participation in competitions and trade shows, and expresses the director's commitment to a productive 2010 for the incubator and its companies.

1. Volume 2, Issue 1, Page 1
ISSN 1986‐1923
Diogenes Business Incubator University of Cyprus
Entrepreneurship Insider
Newsletter Team
Publisher
Volume 2, Issue 1 Diogenes Business Incubator
January 2010 University of Cyprus
1 Director’s Message Editor in Chief
Stavriana A. Kofteros
Executive Editor
2- Portfolio Profiles
Margarita Kyprianou
4  Mobihealth Ltd
 Assistive Networks Contributors
Ltd
A.M.S Assistive Networks
5- Diogenes News Marinos Savvides
7  VI Scientific in Andreas Savvides
EURECAN
European Venture P.A. Mobihealth
Pantelis Aggelides
Contest
George Nicolaou
 MedTechSol’s in
MEDICA 2009 A New Year, a New Challenge! Our efforts are geared into
MedTechSol Team
 CyEC 2010 Startup making it a happy year and a productive challenge filled with Marios Neophytou
Entrepreneur of the great results for Diogenes and our companies! Ioannis Constantinou
Year Award Christina Koumourou
 UNICA In this issue we are introducing Mobihealth and Assistive
Entrepreneurship Diogenes Business
Networks, two of our innovative startups in different areas of Incubator University of
Competition
 UKBI 11th Intl telemedicine and telemonitoring respectively. Moreover, we Cyprus
Stavriana Kofteros,
Conference are catching up with VI Scientific and MedTechSol, to hear
Margarita Kyprianou
on their experience with Venture & Entrepreneurship
Competitions and the MEDICA 2009 Brokerage event.
Diogenes will be sharing its news with you; what we are up
to, what we did etc. In this issue you will get to know about
the 11th International Conference of UKBI that took place in
Belfast, Northern Ireland.
As always, we stay committed in keeping EI multi-directional
and would like to invite you to contribute to our next issues.
CyBIA Together we can make EI a “platform” on entrepreneurship. Permission to reproduce
or republish EI’s articles
Cyprus Business Happy Readings! To reproduced or transcript
Incubator Association one or more EI articles by
electronic or mechanical
EI Editorial Team
means (including
Diogenes Business Incubator University of Cyprus photocopying or archiving
on any archival system)
Creating Business Value in Innovation requires written permission.
Obtain permission at
91 Aglandjia Avenue, P.O. Box 20537, 1678 Nicosia, Cyprus info@diogenes.com.cy or
Tel.: +357 2289 2220, Fax: +357 2289 2211, call +357 22 892220 for
Email: info@diogenes.com.cy more information.

2. Volume 2, Issue 1, Page 2
ISSN 1986‐1923
DIOGENES’ PORTFOLIO PROFILE:
P.A. MobiHealth Ltd is a startup company,
active in the m-health field. The driving
business idea behind the company lies in
the exploitation of mobile Internet
technologies and the advances in the
The distinctive medical device industry to produce
diagnostic value of the innovative medical devices and integrated
MobiSpiro Service lies
ICT solutions for patient telemonitoring. The company deploys novel telecare
in the fact that medical
solutions, based on in-house developed microtelemedicine devices with wireless
data recording is
feasible at the time telecommunications capabilities.
when the patient feels
The company's R&D efforts have resulted in MobiSpiro, a high quality spirometer
pain, discomfort or any
that initiates the telecare devices portfolio to be produced by the company,
other symptom, not
necessarily when and
facilitating patient-centric, continuous monitoring services of healthcare provision
while being in a models.
hospital.
Mobihealth Founders:
Dr. Pantelis Angelidis
Ms. Markella Psyrmarnou
MobiSpiro: Circuit Board with complete sensor and other
components but without exterior skeleton which will be placed in
the near future.
MobiSpiro is a patented spirometer that was designed, developed and manufactured
to comply with international standards. It is a portable medical device targeting
chronic patients with pulmonary diseases and easy to use. Its user friendliness
makes it suitable even for users with limited possibilities or special needs. It can be
used to perform a comprehensive set of spirometry measurements (e.g. FEV1, FVC,
FEF 25-75%, etc). Measurements are locally stored on the device's memory and
also presented on the device's screen. The device supports diverse communication
capabilities, both wired (e.g. Ethernet) and wireless (GSM/GPRS). Moreover,
MobiSPiro can be used as part of an integrated patient telemonitoring service that
includes a centralized database and a web based application for the presentation of
the measurements.

3. Volume 2, Issue 1, Page 3
ISSN 1986‐1923
Contact Details: The MobiSpiro Service is user-oriented, aiming at the collection and transmission of
pulmonary functions parameters with minimum user intervention. The user only
Address: needs to blow into the mouthpiece of the medical device; then, by pressing a button
91 Aglandjia Ave.,
Green Park 2112 Nicosia the measurement is transmitted to a web server for centralized storage. A web
P.O.Box 20537, 1678 based application allows user friendly retrieval, visualization and process of the
Nicosia, Cyprus
medical data by specialized healthcare professionals. For each user/patient a
comprehensive Electronic Health Record can be created, including the patient
Tel: +357-22892220
Fax: +357-22892219 demographics and medical profile.
Email: The distinctive diagnostic value of the MobiSpiro Service lies in the fact that medical
info@mobi-health.eu data recording is feasible at the time when the patient feels pain, discomfort or any
other symptom, not necessarily when and while being present in a hospital.
Website:
www.mobi- Overall, MobiHealth enables the provision of cost-effective telemonitoring services
health.eu/ to chronic patients with pulmonary diseases (e.g. asthma, COPD, etc). Its novel
MobiSpiro spirometer along with the web-based application constitute a unique m-
health solution, bringing the point of care closer to the patient, and enabling
personalized treatment plans and efficient health monitoring.
MobiServer: The complete web-based health-care monitoring system
In addition to the MobiSpiro spirometer and MobiSpiro Service that constitute the
main area of the company's activity, MobiHealth has thorough knowhow in the
health domain and provides high quality professional services in the following areas:
 Customized and on demand telehealth applications development
 Medical signal processing
 Coordination / implementation of telehealth projects
 E-health / m-health business sector analysis (trends, prospects, business
models)

4. Volume 2, Issue 1, Page 4
ISSN 1986‐1923
A.M.D Assistive Networks Ltd, a startup portfolio
company of the Diogenes Business Incubator
The Assistive University of Cyprus, has developed an Information Harvesting Network using ultra-
Network’s low power wireless sensors, primarily targeted to aging-in-place applications. A
reconfigurable handful of sensors placed inside the home, observe the behaviors of individuals and
architecture and long checks several rules related to their safety and well-being using patent pending
lasting wireless
technology pioneered by one of the Co-Founders at Yale University in the United
sensor lifetimes
States. The system uses custom rules for each person and more general rules that
provides a powerful
tool for other
are automatically learned by the system to send notifications and generate reports
applications. helping to effectively manage well-being and mitigate risks, allowing people to age-
in-place in their own homes. Notifications Alerts can be directed either to supervising
authorities at a Central Call Center or at the social network (relatives, friends &
neighbors) of the person or both.
Assistive Founders:
Dr. Andreas Savvides
Mr. Marinos Savvides
Contact Details:
Address:
91 Aglandjia Ave.,
Green Park 2112 Nicosia
P.O.Box 20537, 1678
Nicosia, Cyprus Scalable Age-in-Place System Sense4Care
Tel: +357-22892220 Assistive’s product is currently under gradual pilot deployment in collaboration with
the Strovolos Municipality Welfare Office, evaluating how the system can help those
Fax:+357-22892219 in need while mitigating the cost and anxiety of institutionalization.
Email:infmobi-health.eu
info@assistivenetworks.com
The Assistive Network’s reconfigurable architecture and long lasting wireless sensor
lifetime provides a powerful tool for other applications as well. Since June 2009,
Assistive Networks Ltd entered into a strategic Partnership with a US RFID
Website:
www.assistivenetworks. Solutions provider, Queralt LLC of Wallingford, Connecticut to develop and market
com new solutions for Physical Access Control, Environmental Monitoring in Datacenters
and Warehouse Applications as well as Assisted Living Facilities. Assistive is
currently presenting its product solution to potential customers in the US.
Assistive’s product is currently under gradual pilot deployment in
collaboration with the Strovolos Municipality Welfare Office, evaluating
how the system can help those in need while mitigating the cost and
anxiety of institutionalization.
More on page 7

5. Volume 2, Issue 1, Page 5
ISSN 1986‐1923
VI Scientifics’ in the EURECAN European Venture Contest (EEVC)
Diogenes’ portfolio company, VI Scientific Ltd, was VI Scientific received very positive evaluation on its
shortlisted to the Semi- business potential, team experience, product merit,
Finals of the European competitive position, investment interest and its
Venture Contest in profile and presentation quality. During the Contest,
Luxembourg on 10 th of Dr. Stylianou had the opportunity to present VI
November 2009. After submitting a short business Scientific to the Venture Capital panelists. The
plan, VI Scientific passed in the semi finals. VI event was an excellent occasion for networking
Scientific was selected from 50 companies. with important venture capitals, investors and
public agencies.
The EURECAN European Venture Contest is
organized annually and its mission is to Find, The high technology companies that participated in
evaluate and award world-class innovative the EURECAN Venture Contest had the
companies with the potential to dramatically impact opportunity to enter the EEVC100 of the best 100
their industry and contribute to increasing European companies, from which the best 25 will be selected
competitiveness and growth; Accelerate the growth of to participate in the EURECAN European Venture
young innovative companies by providing access to Contest Final in Barcelona with a chance to win
top-level international partners, advisors and €90.000 in cash prize.
financiers; Support the global leaders of tomorrow at
an early stage by updating the skill set they will need VI Scientific is a Diogenes portfolio company
to grow and expand their businesses successfully. specializing in developing software solutions for the
blind and the visually impaired that run on mobile
Dr. Georgios Stylianou, VI Scientific’s CEO, phones. The company’s flagship product
presented the VI business plan in front of a jury panel VisionHunt™ is capable of recognizing colors on
of 8 experts. objects and identifying euro bank notes.
www.viscientific.com
UKBI ‘s 11th International Conference: Driving Forward Economic Recovery
UKBI, the United Kingdom Business Incubator’s
Association, organized its 11th International
Conference in Belfast on December 1-3, 2009,
supported by Belfast City Council, Invest Northern
Ireland, Enterprise Northern Ireland,
PriceWaterhouseCoopers and InterTrade Ireland.
Building on the success of BI:10 in Bristol, UKBI’s
11th International Conference, BI 11: Driving
Forward Economic Recovery, offered something for
everyone regardless of the level of experience and
Left to right: Gordon Gough, Chief Executive, Enterprise
specific area of interest. With interactive workshops, Northern Ireland. Arlene Foster, Acting First Minister, Northern
incubator tours, plenary sessions, roundtable Ireland, Stavriana Kofteros, CEO, Diogenes
discussions and the prestigious International Gala
Dinner there were are numerous opportunities to Cyprus and how it changed after the country’s
network and exchange views. accession in the EU. The National Innovation Policy
of the Republic of Cyprus was considered
Diogenes was particularly honored to have its CEO, comprehensive and forward looking by the
invited to be a key speaker in the session focusing participants should implementation follow course
on Understanding EC Innovation and Enterprise and is adhered.
Policy and Where you Fit in – How Joining the
EC Changed National Innovation Policy, where Diogenes is a member of UKBI since 2008.
she presented the National Innovation Policy of www.ukbi.co.uk

6. Volume 2, Issue 1, Page 6
ISSN 1986‐1923
MedTechSol in MEDICA 2009 in Germany
Medical The international session of the congress focused
Technology on new applications in integrated diagnostics and
Solutions therapy in oncology.
(MedTechSol) Ltd participated in the International
Trade Fair Congress World Forum for Medicine, What prompted many conversations among the
MEDICA 2009. MEDICA, the world’s largest medical MEDICA visitors, was the latest developments in
trade fair was organized from November 17th to the field of imaging, the main research area of
November 20th 2009 in Dusseldorf, Germany. The MedTechSol Ltd. Many of the innovations that
International Trade Fair Congress World Forum for were launched at MEDICA concerned home health
Medicine, has the largest data base from the area of care and telemedicine applications. The
medical technology with more than 18,750 products. MedTechSol team had the opportunity to make an
Moreover, MEDICA, offers a huge overview of intensive search concerning the last trends in
innovations, in the world of medicine. It gives the medical market and overview some of the high
opportunity to medical companies to discover the tech companies. More specifically, they met some
latest developments, the state of the art, in their field of the larger companies of hysteroscopic
and physicians or medical personnel to find medical laparoscopic systems and got informed about their
equipment. technical characteristics and their new
developments. The MedTechSol team was
This year, almost 138.000 visitors from over 100 impressed with the new patent of Sony for 3D
countries visited MEDICA in order to see the products visualization with special optic filters. Impressive
of 4.324 exhibitors from 59 nations. According to was also the fact the most companies integrated
Wilhelm Niedergoker, Managing Director at Messe the calibration system of gamma correction
Dusseldorf, what makes MEDICA special and coefficient to their laparoscopic / hysteroscopic
successful is that the medical industry has a short systems.
innovation cycle. The participants, developers and The MedTechSol team scheduled meetings with
users, took a detailed look at the innovations in the companies that specialized in medical imaging
field from various approaches and highlighted how processing and analysis systems in order to
imagining techniques have revolutionized tumor investigate grounds for collaboration in the near
prevention, diagnosis and therapy. Two other key future.
topics of the international congress were the
monitoring of patients in the operating theatre and the
progress in diagnosis and therapy of the breast
cancer.
During the MEDICA, an in-depth congress was
organized by the German Society for Interdisciplinary
Medicine. The program appealed to a very broad MedTechSol is a Diogenes portfolio company
target group. This year, for the first time, the congress developing a computer-aided diagnostic platform
which is held in the German language, was for gynecological cancer used during endoscopic /
accompanied by specialized training sessions held in laparoscopic procedures.
English so more people could attend it. www.medtechsol.com

7. Volume 2, Issue 1, Page 7
ISSN 1986‐1923
UNICA Entrepreneurship Competition
UNICA, a network of 42 universities from European ‐ Improving the confidence of the participants on
capital cities combining over 120,000 staff and their own entrepreneurial skills and capabilities.
1,500,000 students., invited each member
university, to nominate one entry for this competition, Every UNICA Member University nominates one
sponsored by the Cyprus participating team following its own University-wide
Research Promotion Foundation. or country-wide entrepreneurship competition.
UNICA initiated the first UNICA Entrepreneurship Participants compete for the following prizes:
Competition for Students and Young Researchers ‐ First Prize €20,000
aiming to: ‐ Second Prize €10,000
‐ Promote a culture of entrepreneurship among
the students and young researchers of UNICA The winner was announced, following Dragons’ Den
member Universities, style presentations by three short listed finalists to a
‐ Become the vehicle for the young researchers five-person judging panel, during UNICA’s 2009
to learn to compete and collaborate at the General Assembly, held on November 6, in the
European level, thus contributing to the creation Université Pierre et MarieCurie, Paris.
of the European Higher Education and
Research Area, In the inaugural UNICA Competition the University
‐ Enhance the culture of entrepreneurship which of Cyprus that holds the Presidency of the UNICA
contributes to the abilities of UNICA Universities network was represented by Cyprus
to innovate and link high quality research with Entrepreneurship CyEC 2007 Alumni VI Scientific
the needs of contemporary society, Ltd.
http://entrepreneurship.unica-network.eu
Assistive Networks Continued
Screenshosts from the developed System
www.assistivenetworks.com