The KPMG Science Shop was created in 2018 to facilitate research. Through partnerships with the island’s educational institutions, it aspires not only to provide solutions, but also to maintain and enlarge KPMG’s large network of stakeholders. Since its establishment, it contributed to various initiatives held across the island, some of which are analysed below, and all of which had significant impact on the local community, academia and the research community, as well as the industry itself.

Within the context of the KPMG Science Shop as a means of disseminating knowledge to the society, KPMG in Cyprus and the Cyprus Institute of Marketing (CIM) formed a strategic partnership and delivered two entrepreneurship workshops under the auspices of Nicosia and Limassol Municipalities, on 18-19 June and 17-18 September 2019. The workshops focused on analysing and demonstrating tools and skills required for setting up a new venture, in order to face the challenges in a rapidly changing environment. By the end of the two workshops, participants prepared their pitch of concept. The winners won cash prizes.

Moreover, KPMG in Cyprus sponsored two scholarships for students to study at CIM. Following thorough examination of the large number of applications, KPMG and CIM offered the scholarships as follows:

• 1 full scholarship worth €7.700, for the postgraduate programme MBA Shipping (14 Months FT/24 Months PT).
• 1 partial scholarship worth €6.500, for the undergraduate programme of the University of West London, BA (Hons) Accounting & Finance. The scholarship covered the first out of the three years duration of the programme.