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RIF Unveils €45.3 Million In 2025 Funding Calls To Boost Innovation

The Research and Innovation Foundation (RIF) has announced its main funding calls for 2025, with a total budget exceeding €45.3 million. The funding aims to strengthen Cyprus’ research and innovation ecosystem through targeted programs supporting business innovation, knowledge transfer, and international collaboration.

For the first time, RIF will provide funding for establishing production lines for innovative products and developing AI-driven solutions to address public sector challenges. Additionally, the Fast-Track Innovation program will accelerate the commercialization of new products and services.

Funding Priorities

The 2025 funding programs align with RIF’s five strategic pillars:

  • Research
  • Knowledge Transfer and Collaboration
  • Innovation
  • Internationalization
  • Infrastructure and Capabilities

Planned Calls by Quarter

Q1 2025

  • Innovate
  • Seed
  • Innovation Support Structures
  • New Product Development – Capacity Building
  • STEP – Setting up facilities and production lines for manufacturing innovative products/services
  • Fast-Track Innovation
  • European Partnership – EUROSTARS
  • Vision ERC
  • Horizon Europe – 2nd Opportunity – MSCA
  • AI in the Public Sector
  • R&I Internships
  • Events Sponsorships

Q2 2025

  • Research in Enterprises (ENTERPRISES)
  • Proof of Concept
  • Excellence Hubs (EXCELLENCE)
  • Post-Doc Fellowships
  • Cybersecurity Capability Enhancement

Q4 2025

  • BRIDGE2HORIZON

Further details on funding eligibility, proposal submissions, and deadlines are available on the RIF website.

Genikes Insurance Wins Two Global Banking And Finance Awards

Genikes Insurance received two distinctions at the Global Banking and Finance Awards 2026, winning Best General Insurance Company in Cyprus and Best Insurance Website Cyprus. The awards reflect the company’s position within the Cypriot insurance market as well as its broader digital transformation strategy focused on expanding online services and improving customer experience.

Market Leadership And Digital Transformation

Genikes Insurance has invested in developing a more modern digital platform designed to simplify key insurance services, including policy issuance and online claims management. The company said the upgraded platform aims to improve efficiency and accessibility while strengthening its position within an increasingly competitive insurance sector.

Customer-Centric Approach

Commenting on the recognition, General Manager Christiana Agrotis said the company continues focusing on reliability, innovation and customer-focused services tailored to the needs of the Cypriot market. According to Agrotis, the recognition of the company’s digital platform also reflects the trust customers place in its services and broader insurance offering.

Technology-Driven Innovation

The updated website was designed to provide simpler navigation and improved access to insurance information and digital services. Company officials said the platform forms part of broader efforts to integrate technology more closely into customer service and operational processes. Genikes Insurance added that it remains focused on strengthening long-term customer relationships while continuing investments in digital capabilities and service development.

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