The Multimedia Factory: Difference between revisions

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       |acronym=The Multimedia Factory
       |acronym=The Multimedia Factory
       |logo= TMF_Logo.jpg
       |logo= TMF_Logo.jpg
       |project_title=Vision Statement: .. to re-define the tools, methods and purpose of education, in light of relevant social change.
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       |funding_period=1992-1997
       |funding_period=1992-1997
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'''CYBER KIDS''' was a nation-wide social entrepreneurial experiment launched in 1992 in Cyprus by [[Yiannis Laouris]], [[George Vakanas]] and [[Maria Symeonides]]. The Research and Development of its award winning curriculum was done by the [[Cyprus Neuroscience and Technology Institute]]. Within the first five years (1992-1997) 26 computer- learning centers were launched with average of 50-150 students enrolled every year in each location. By 1999, the number of children who benefited from the Cyber Kids curriculum in the 36 Branches exceeded 15,000, which is approximately equal to 20% of the country’s youth population (ages 6-15). CYBER KIDS has also contributed against brain drain by employing a total of 186 young scientists between 1991-1999. More importantly, [[MISnTED Ltd.]], the owner company had a policy of employing teachers from the public educational system as part-timers as a means of contributing to a large-scale reform from within the system.  
'''The Multimedia Factory'' was the first multimedia company in Cyprus launched in 1992.
 
It was founded as a subsidiary of [[MIDnTED Ltd.]] with [[Yiannis Laouris]], [[George Vakanas]] and [[Maria Symeonides]] also as shareholders. TMF was serving also [[CYBER KIDS]] as a technology group working with kids ages 8-12 to develop their projects into final commercial products.


==The Founders==
==The Founders==
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File: GeorgeVakanas_CYBERKIDS.GIF|[[George Vakanas]]
File: GeorgeVakanas_CYBERKIDS.GIF|[[George Vakanas]]
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==The "profitable dream" concept==
CYBER KIDS was based on a concept coined by its creators then called the "profitable dream":
* They envisioned that introducing advanced computer technology in the lives of a critical number of young children using an educationally relevant and socially responsible, peace-enhancing curriculum would allow them to promote creativity, innovation, imagination, and problem solving abilities, thus “transcending” the country’s educational and political life and move the new generation a decade ahead.
The project was founded on a well-defined vision statement:
* ... to re-define the tools, methods and purpose of education, in light of relevant social change.




==Company evolution and death==
CYBER KIDS was an internationally registered trademark of the mother company, [[MISnTED: Management Information Systems & Technology Development]]. The three founding members, [[Yiannis Laouris]], [[George Vakanas]] and [[Maria Symeonides] donated 30% of their total shares to the [[Cyprus Neuroscience and Technology Institute]] in order to fund its socially responsible research operations. In addition, [[MISnTED: Management Information Systems & Technology Development]] provided yearly grants to [[Cyprus Neuroscience and Technology Institute]] for research. The project was originally funded by the partners' and by a CY £44,000 government loan. All key people were invited to join as partners: [[Dinos Georgiades]], [[Evros Alexandrou]], [[Harry Anastasiou]], and all employees were given shares totalling to £250,000 of value.
In 1996, the [[Cyprus Development Bank]] became a partner with 10% in the Cyprus (mother) company and 30% in the Greek subsidiary, investing £100,000 and £300,000 respectively. It was under the leadership of the [[Cyprus Development Bank]], that in 2000 CYBER KIDS merged with 11 other companies to form a public, high-tech company known as [[CYBER GROUP]]. Unfortunately, the crash of the stock markets in combination with a number of unconstitutional laws passed repetitively by the Cyprus Parliament allegedly to "protect" the rights of investors, forced CYBER KIDS to bankruptcy along with more than 100 other entrepreneurial companies.


== The Multimedia Factory in the Media==
== The Multimedia Factory in the Media==
CYBER KIDS enjoyed substantial visibility from many media.
The Multimedia Factory  enjoyed substantial visibility from many media.


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Revision as of 12:42, 7 March 2017


The Multimedia Factory
The Multimedia Factory
Funding Period 1992-1997
Website Website



'The Multimedia Factory was the first multimedia company in Cyprus launched in 1992.

It was founded as a subsidiary of MIDnTED Ltd. with Yiannis Laouris, George Vakanas and Maria Symeonides also as shareholders. TMF was serving also CYBER KIDS as a technology group working with kids ages 8-12 to develop their projects into final commercial products.

The Founders


The Multimedia Factory in the Media

The Multimedia Factory enjoyed substantial visibility from many media.

  • CK InMags1994 ToPaidi Nov pg35.jpg
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  • CK InMags1994 ToPaidi Nov pg39.jpg
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Related Publications

  • Vakanas, G., Laouris, Y., Symeonidou, M., Loizou, E., Stylianou, S., Kouppe, P., and Georgiades, D. (1994). Mythology as a rich and meaningful context for integrated learning of literacy, numeracy and scientific inference: New possibilities. In J. Wright & D. Benzie (Eds.), Exploring a New Partnership: Children, Teachers and Technology, Proceedings of the IFIP TC3/WG3. 5 International Working Conference on Exploring a New Partnership: Children, Teachers and Technology, Philadelphia, PA, USA, 26 June - 1 July, 1994. IFIP Transactions A-58 Elsevier 1994, pp. 173-179.
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