Programme Category
Programme Name
Programme Description
The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
Identifier Code
Call
Summary
«Innovation Vouchers» Programme aims to encourage Small and Medium Enterprises (SMEs) to engage in research and innovation activities and to strengthen cooperation between enterprises and knowledge intensive organizations. SMEs will be supported to develop innovative solutions in order to address challenges or problems they face, through the transfer of know-how from knowledge intensive organizations and access to laboratory infrastructures.
Furthermore, the Programme aims to the exploitation of academic research by the industry through the provision of advisory research and innovation services by Research Organisations to enterprises, the creation of appropriate conditions for cooperation, and the increase of private expenditure in Academic and Research Organisations.
Award of Innovation Vouchers also seeks to contribute to the mitigation of one of the major challenges encountered during the implementation of research and innovation funding schemes and measures, which is the difficulty to be exploited by a large number of SMEs.
Detailed Call Description
«Innovation Vouchers» Programme, is a simple and effective instrument that will enable SMEs to realize the importance and benefits that could emerge from their involvement in research and innovation activities and, through the relevant cooperation, to exploit technical know-how from research and other knowledge intensive organisations that can support them to develop innovative products, services, processes (incl. the development of innovative solutions to address problems they face), while strengthening their capacity for research and innovation.
Innovation Vouchers are internationally considered as one of the simplest forms of business financing, aiming to support enterprises to acquire the necessary know-how and improve their capacity for innovation and development, through their cooperation with organisations who possess the necessary expertise (knowledge intensive organisations).
«Innovation Vouchers» Programme is characterized by a relatively simple proposal submission procedure, short timeframes for evaluation and announcement of results, as well as quick project implementation and direct problem solving.
For the establishment of the partnership, the RIF offers to interested SMEs, «Innovation Vouchers» which are «redeemed» by organisations that will provide them with specific innovation, technical or scientific services and know-how. The implementation of the projects is expected to have a positive impact on the competitiveness of the beneficiary enterprises.
Call Total Budget
Financing percentage by EU or other bodies / Level of Subsidy or Loan
100%
Thematic Categories
- Research, Technological Development and Innovation
Eligibility for Participation
- Other Beneficiaries
- Small and Medium Enterprises (SMEs)
Call Opening Date
Call Closing Date
National Contact Point(s)
Research & Innovation Foundation
Partner Support Centre
Τelephone: 22205000
Email: support@research.org.cy