{"id":35998,"date":"2025-03-11T08:10:11","date_gmt":"2025-03-11T06:10:11","guid":{"rendered":"https:\/\/www.fundingprogrammesportal.gov.cy\/2025\/03\/neo-programma-xrimatodotisis-gia-kainotomes-epixirisis\/"},"modified":"2025-03-11T08:16:02","modified_gmt":"2025-03-11T06:16:02","slug":"new-e2000000-funding-program-for-innovative-businesses","status":"publish","type":"post","link":"https:\/\/www.fundingprogrammesportal.gov.cy\/en\/2025\/03\/new-e2000000-funding-program-for-innovative-businesses\/","title":{"rendered":"New \u20ac2.000.000 Funding Programme for Innovative Business"},"content":{"rendered":"The Research and Innovation Foundation (RIF) announces a new call for proposals under the\u00a0<strong>\u201cFast Track Innovation\u201d<\/strong> programme. The programme aims to support existing businesses that wish to invest in the development and commercialisation of innovative products and services, with a total budget of <strong>\u20ac2.000.000<\/strong>.\r\n\r\nThe\u00a0<strong>Fast Track Innovation<\/strong> programme is open to businesses from all sectors that are ready to invest in the rapid development and international promotion of competitive, innovative products and services. The programe supports the enhancement of existing products, services, or processes through research and development activities, as well as the creation of new products and services that generate new revenue streams in a short period.\r\n\r\nEligible businesses must already be active in the market, have a minimum annual turnover of\u00a0<strong>\u20ac200.000<\/strong>, employ at least\u00a0<strong>four (4) staff members<\/strong>, and offer innovative products or services that are at least in the testing or pilot stage. The maximum funding amount per project is\u00a0<strong>\u20ac200.000<\/strong>, with a project duration of\u00a0<strong>9 months<\/strong>.\r\n\r\nThe\u00a0<strong>submission deadline<\/strong>\u00a0for proposals is\u00a0<strong>April 30, 2025, at 13:00<\/strong>.\r\n\r\nThis call follows strict timelines due to additional funding from the\u00a0<strong>Recovery and Resilience Plan (RRP)<\/strong>, which is expected to be completed by\u00a0<strong>June 2026<\/strong>.\r\n\r\n<strong>Register for the online seminar on March 14, 2025, at 11:00 AM.<\/strong>\r\n\r\nInterested parties can find more information and submit their proposals via the\u00a0<strong>IRIS Portal<\/strong>\u00a0of the Research and Innovation Foundation: \u00a0<a href=\"https:\/\/iris.research.org.cy\/\">https:\/\/iris.research.org.cy\/<\/a>\r\n\r\nFor any inquiries, applicants may contact the RIF Support Service via email at\u00a0<strong>support@research.org.cy<\/strong>\u00a0or by phone at\u00a0<strong>+357 22205000<\/strong>.\r\n\r\n<strong>About the Research and Innovation Foundation<\/strong>\r\n\r\nThe Research and Innovation Foundation is Cyprus\u2019 national authority for research and innovation. Its mission is to promote and support research, technological development, and innovation in the country.","protected":false},"excerpt":{"rendered":"<p>The Research and Innovation Foundation (RIF) announces a new call for proposals under the\u00a0\u201cFast Track Innovation\u201d programme. 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