Development of Internationally Competitive Innovative Products and Services by STARTUPS (SEED)
Programme Category
Programme Name
Programme Description
THALIA: Foundations of Change, Prosperity, Equality and Development
Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.
The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.
Identifier Code
Call
Summary
The objective of the “Development of Internationally Competitive Innovative Products and Services by STARTUPs (SEED)” Programme aims to support the rapid development of dynamic and innovative STARTUPs which intend to develop internationally competitive products or services, as well as to mobilize private investment funds for this purpose.
Detailed Call Description
The Programme aims to support innovative STARTUPs which, based on their business plan, aim to attract investment funds and are seeking rapid growth at an international level. The Companies have already been active for a short period of time, they may have carried out a small scale and on a test basis activity towards commercialization, but their product or service has not yet penetrated the market.
The Programme supports every activity that will allow the rapid development of the enterprise and the innovative idea, the attraction of investment and the successful global market penetration of the product / service.
In the cases where the new product or service is based on new technology, it is expected that the technology falls within a high technological readiness level (at least TRL – Technology Readiness Levels ≥6, according to the relevant definitions adopted by the EUA), having already been validated in laboratory and relevant environment and is at least being demonstrate at relevant environment. This will also apply to non technological innovations, accordingly.
- Priority: Competitive, Smart and Digital Economy
- Policy Objective: A More Competitive and Smarter Europe
- Specific Objective: Strengthening Research & Innovation
- Project Type: Grant Scheme
- Geographical area covered by the call: Cyprus
Call Total Budget
Financing percentage by EU or other bodies / Level of Subsidy or Loan
60%
Thematic Categories
- New Entrepreneurship
- Public Administration
- Research, Technological Development and Innovation
- Small-Medium Enterprises and Competitiveness
Eligibility for Participation
- Businesses
- Central Government
- Chambers
- Legal Entities under Public Law
- Local Authorities
- NGOs
- Private Bodies
- Researchers/Research Centers/Institutions
- Semi-governmental organisations
- Trade Unions
Eligibility For Participation Notes
BENEFICIARIES: Enterprises, Research Organisations, Other Private Sector Organisations
SPECIFIC PARTICIPATION RESTRICTIONS ANS CONDITIONS: The Host Organisation (HO) must be a Start-Up Enterprise
The Host Organisation must meet the criteria of the definition of a Start-Up enterprise, as defined in the provisions of Article 22 of Regulation (EC) 651/2014 on State Aid and referred to in Chap. 1.2 – Organisation Types of Section III of the RESTART Programmes 2016-2020.
Research Organisations, Enterprises, or Other Organisations may participate as Partner Organisations.
Call Opening Date
Call Closing Date
National Contact Point(s)
Research and Innovation Foundation
Τelephone: 22205000
Email: support@research.org.cy
EU Contact Point
European Regional Development Fund