The Chief Executive Officer (CEO) of Generation Partners, Sergey Kartashov, talks about the progress and working traits of his company. He says that his company analyzes over 30 companies every month. However, they find only 0.5-1% of these companies interesting for making an investment. He admires the progress of Cyprus as an IT and intellectual property management market.
The Chief Executive Officer (CEO) of Generation Partners, Sergey Kartashov, talks about the progress and working traits of his company. He says that his company analyzes over 30 companies every month. However, they find only 0.5-1% of these companies interesting for making an investment. He admires the progress of Cyprus as an IT and intellectual property management market.
Generation Partners chooses a new IT project for further investment on the base of a firm selection procedure. According to Kartashov, Cyprus is a safe island destination for IT companies. The intellectual property management business is also feasible on this island. In the field of managing IT assets, Cyprus is one of the most important regions in the world at the moment.
Sergey Kartashov shares importance of IP Box in Cyprus
The CEO of Generation Partners, Sergey Kartashov, says that the main reason behind the interest of IT companies in Cyprus is IP Box. IP Box is a tax intensive regime that attracts foreign companies to work in this jurisdiction. A nominal company with a full-fledged development office is eligible for the tax benefits. Sergey Kartashov says, “This (IP Box) pushed foreign companies to relocate their offices and staff during the last year.”
A huge stimulus occurred in the development of the IT industry in Cyprus due to the arrival of international companies here. According to the CEO Generation Partners, the infrastructure of Limassol, a city on the southern coast of Cyprus, developed rapidly in recent time due to the IP Box. Some of the strongest IT companies have already arrived on the island to operate their business under a tax incentive regime.
Cyprus and IT Asset Management
Individuals and institutions need asset management companies to make their decisions related to the investment in new startups. There are several IT asset management companies that provide independent analysis of the startups to their clients. Their analysis is based on the collection of information related to the products, employees, and potential of the startups. Sergey Kartashov says, “We do multi-level expertise of video-tech and IT-ecosystem projects.”
Generation Partners examine new trends and products in the IT industry. Risk assessment is the key to success for any IT management company. Kartashov says that they assess the risk viably involved in investing in new projects. The expertise of new projects is the main focus of the company, according to the CEO. The customers are the key to making a final decision about the investment. Generation Partners gathers information, analyze it, and share the results with the clients.
After making an investment decision, the process becomes more serious for an IT management company. Sergey Kartashov says that they cooperate with the managers, provide coordination in the development of plans, and analyze processes after making an investment decision. Generation Partners aims to analyze new projects and diversify the investment portfolio of its clients. The company recently analyzed Majelan, Psious, and BNext. It found these startups interesting for making potential investments. Kartashov says, “From 100 to 500 thousand dollars are invested in one project allows to expand assets and restrain overall risks.” He added that his company was doing good business at the moment with green signals for the future progress as well.