In the increasingly competitive world of immersive technology, a small island with big dreams is hoping to lure the innovators of tomorrow with a Test Before You Invest incentive scheme.

Cyprus is wooing would-be investors to the island by massively speeding up the process allowing third-country nationals to establish new businesses there.

Cyprus’s tourist industry suffered a hammer blow this year thanks to the coronavirus pandemic, but the disaster has fuelled other ambitions on the island with many political leaders, financial experts and corporate players now seeing the country as an international hub for SMEs.