The Research and Innovation Foundation (RIF) has initiated a consultation for a new €10 million funding programme.
The new programme, titled ‘STEP: Setting up facilities and production lines for manufacturing new innovative products or services’, is open to Cypriot companies of all sizes. It aims to bolster the development of critical technologies across a number of areas.
These include digital and deep technology innovation, clean and resource-efficient technologies, as well as biotechnologies.
Moreover, the RIF said that the funding aligns with the EC Regulation 2024/795, establishing the Strategic Technologies for Europe Platform (STEP).
The programme’s launch follows a market sounding exercise to gauge the interest of local businesses in expanding their manufacturing capabilities.
Companies interested in participating can access the consultation questionnaire through this link until January 26, 2025.
