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RIF Launches €580,000 Call To Strengthen Business Innovation In Cyprus

The Research and Innovation Foundation (RIF) has announced a new funding opportunity under its “Enhancing Business Capacity for New Product Development” programme (code: NPD-CAPBLD/0825), allocating a total budget of €580,000 to support Cypriot enterprises in developing innovative products and services.

How to Apply

Businesses from all sectors with at least 10 full-time employees are eligible to submit proposals for the development of new products or services.

  • Each project may receive up to €30,000 in funding.
  • Applications must be submitted exclusively through the IRIS Portal at http://iris.research.org.cy/ by Friday, 3 October 2025, at 13:00 (local time)
  • RIF has introduced a simplified process with an expedited evaluation to accelerate support.

For questions or technical assistance, companies can contact the RIF Partner Support Centre at support@research.org.cy or by phone at 22 205 000.

EU Invests €79 Billion In Environmental Protection As Companies Lead Spending

European Union member states invested €79 billion in environmental protection assets in 2025, according to Eurostat, reflecting continued spending on infrastructure aimed at reducing environmental impacts and managing natural resources.

The investment represented 0.4% of the EU’s gross domestic product and 1.9% of total investment across the economy.

Wastewater Treatment Receives The Largest Share

Wastewater treatment attracted the largest share of environmental protection investment, accounting for 37.7% of total spending. Waste management followed with 27.3%, while air and climate protection projects represented 11.2%.

Companies Lead Environmental Investment

Businesses accounted for €49.6 billion, or 62.7%, of total environmental protection investment. Spending focused on specialised technologies and equipment designed to reduce the environmental impact of production processes.

These investments included equipment to reduce air emissions, the construction and maintenance of wastewater treatment facilities, vehicles used for waste transport, and waste collection plants. Companies also invested in land for natural reserves and biodiversity protection.

Public Sector Provides The Remaining Investment

General government and non-profit institutions accounted for the remaining 37.3% of environmental protection investment.

Eurostat’s figures show that wastewater treatment, waste management and air and climate protection accounted for the largest share of environmental protection investment across the European Union in 2025.

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