The Research and Innovation Foundation (RIF) announces the new Call for Proposals for the «Development and Promotion of Internationally Competitive Innovative Products and Services by Existing Enterprises (INNOVATE)» with Id INNOVATE/0525. The Call budget is €3.200.000, and the maximum funding per project is €1.000.000. The Programme «Development and Promotion of Internationally Competitive Innovative Products and Services by Existing Enterprises (INNOVATE)» aims to support existing enterprises from all activity sectors, that will invest in research and innovation, for the development of competitive innovative products or services with quick global market penetration prospects. Moreover, the Programme facilitates the mobility of private investment funds for the support of rapid development innovative enterprises. It is noted that, within the framework of the INNOVATE Call, the submission of the following documents is required, and the RIF encourages all interested entities to begin the proposal preparation process and the collection of the relevant supporting documents: (a) The audited Financial Statements of the HO for the previous financial year (N-1) or the year preceding (N-2), where “N” is the year of submission of the Proposal; and (b) Earnings and Contributions Schedule from the Social Insurance Services for the last 3 months prior to the month of submission of the proposal, for which the employer is obliged to pay social security contributions. E.g. if the proposal is submitted in April 2025, then a Statement of Earnings and Contributions must be submitted for the months of December 2024, January 2025 and February 2025. It is clarified that newly established enterprises that take over part of the activities (corporate spinoffs) of an existing enterprise may submit the data of the existing enterprise. Proposals must be submitted through the IRIS portal. The deadline for proposal submissions is the 9^th September 2025, 13:00. The present Call will be co-financed by the Republic of Cyprus and the European Regional Development Fund (ERDF). For information regarding the RIF’s open calls, as well as useful documents and guides, interested parties can visit the IRIS portal. For further information, interested parties may contact the RIF’s Partner Support Center by phone on 22205000 or via email at support@research.org.cy Please find the Call here.