
We provide, promote and protect our advanced technologies. This includes creating our own technologies which we develop ourselves or commission others to develop, as well as considering and acquiring novel solutions that match our criteria.
Core values
company history
The company was conceived in 2012, when the two founders, Eldar Urmancheyev and Aleksandr Iugov,
decided to merge their own technology assets in order to register, manage and develop them
together.
The need arose to describe their existing, newly-developed technologies and work to develop
and export the most promising ones. And as a consequence, to create a “technology bank”
to protect and license them.
Based on the many factors that were important for the management, storage and protection of
intellectual assets (so called "hard IP"), Cyprus proved to be one of the most suitable locations, so
the company was established there in 2020 to manage proprietary and client technology.
Creation and development of technology is a common goal for any developer. Authors, scientists and
inventors are interested in receiving royalties when their works and developments are used.
In order to secure their use and maintain their value, it was necessary to properly package and
license the technologies and make them available in order to generate a steady income from the use of the
technologies.
Thus, another role of AEIP was to ensure that the technologies it owned were properly packaged and
promoted by the company.
The first project chosen was our innovative additive manufacturing technology, Versatile
Thermoplastics
Particle Manufacturing (VTPM), unique, patented, industrial, thermoplastics-based 3D printing
technology
which utilizes the widest range of materials and is designed for numerous applications across diverse
industries.
You can read the full history of this project here.
It will provide insight into how we go about our work and also the kind of projects we
are interested in.
The company was conceived in 2012, when the two founders, Eldar Urmancheyev and Aleksander Iugov, decided to merge their own technology assets in order to register, manage and develop them together.
The need arose to describe their existing, newly-developed technologies and work to develop and export the most promising ones. And as a consequence, to create a “technology bank” to protect and license them.
Based on the many factors that were important for the management, storage and protection of intellectual assets (so called "hard IP"), Cyprus proved to be one of the most suitable locations, so the company was established there in 2020 to manage proprietary and client technology.
Creation and development of technology is a common goal for any developer. Authors, scientists and inventors are interested in receiving royalties when their works and developments are used.
In order to secure their use and maintain their value, it was necessary to properly package and license the technologies and make them available in order to generate a steady income from the use of the technologies.
Thus, another role of AEIP was to ensure that the technologies it owned were properly packaged and promoted.
The first project chosen was our innovative additive manufacturing technology, Versatile Thermoplastics Particle Manufacturing (VTPM), unique, patented, industrial, thermoplastics-based 3D printing technology which utilizes the widest range of materials and is designed for numerous applications across diverse industries.
You can read the full history of this project here. It will provide insight into how we go about our work and also the kind of projects we are interested in.
Founders

Eldar Urmancheev, PhD in Economics
Entrepreneur, inventor, industrialist, economist, and investor.
Expert in technology development, risk management and asset management, specializing in start-ups and scale-ups, with 36 years of experience.

Aleksandr Iugov
Entrepreneur, inventor, industrialist, and investor specializing in technologies based on physical sciences and development of software products, including modern data management algorithms.
Expert in corporate structuring, business process optimization and financial management with 38 years of experience.