X-Panel was established in 2006 with the vision to create a model organization for the promotion and support of Business and Technology Development in a genuine effort to support innovation. The above position stems from the belief that innovation is based on the ability to create new value through the integration of business and technology.

X-Panel employs a dynamic group of competent professional researchers with extensive experience and expertise, who exhibit a high level of commitment and teamwork and are engaged in activities relating to,

+ Promotion of Business and Entrepreneurship

Contrary to common belief, innovation is not only about changing technology but also about changing business models, including such things as value propositions (what is sold to the market), supply chains (how is it created and delivered), and target customers (to whom it is delivered).

+ Research and Technological Development

Research and technological development which leads to new technologies can be a major part of innovation, which can be very visible like in new products of services, or be hidden behind the scenes in manufacturing process technologies or enabling (eg. IT) technologies.

+ Practical Support for Innovation

Aiming to successfully integrate a robust model of innovation into the business mentality, companies and their teams must balance the business and technology elements of innovation, as well as manage the process through time (investing in derivative, new and breakthrough innovation) and strengthening human resources as the key resource for further development and innovation.

X-Panel operates in the Construction, Food and Tourism sectors and has been involved in the implementation of a number of national and as well as European research and development projects. The company follows a very "hands-on" approach leading and investing its own resources in many of its projects.

An example of this approach is the establishment of a new spin-off company which will manage the construction and operations of a new Health and Wellness Centre in Cyprus (a €10 million project) combining state of the art Health, Wellness, as well as Bioclimatic Architecture, Construction, Information and Environmental technologies.