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.

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• 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.