Cyprus has widened its support for research and innovation with an expanded version of the Restart 2016–2020 programmes, adding fresh funding capacity and a new cybersecurity-focused initiative designed to accelerate the commercialisation of innovative products and services.
Expanded Scheme Approved Under Existing State Aid Framework
State Aid Control Commissioner Stella Michaelidou has approved amendments to the measure titled “Restart 2016–2020 Programmes for Research, Technological Development and Innovation of the Research and Innovation Foundation”, allowing the continuation of the scheme under revised terms. The programme had already been deemed compatible with state aid rules under Decision No. 471, issued on July 18, 2025.
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The updated framework reflects both a broader scope and a modest increase in the approved budget, underscoring Cyprus’ continuing effort to strengthen its innovation ecosystem and improve the country’s capacity to support applied research and new technology development.
New Cybersecurity Programme Targets Fast-Track Innovation
The most notable addition is the Fast Track Innovation (FTI) programme, which will support the rapid development of innovative products and services in the cybersecurity sector. The initiative is aimed at established businesses across all sectors that are investing in the fast delivery of internationally competitive solutions.
In practical terms, the new programme gives Cyprus a more targeted tool for backing high-potential innovation where speed to market can be decisive, particularly in a field such as cybersecurity, where demand is rising, and competitive advantage often depends on rapid execution.
Budget Increases To €308.4 Million
According to the Office of the State Aid Control Commissioner, the scheme’s approved budget has been increased from €306.9 million to €308.4 million. The expansion follows the earlier approval under Decision No. 471 and reflects the widening of the programme’s scope.
The revised measure also includes updated standard cost scales for staff remuneration and extends the deadline for funding decisions under the scheme to June 30, 2027.
Broad Eligibility Across The Innovation Ecosystem
The Restart scheme remains open to a wide range of beneficiaries, including research organisations, higher education institutions, scientific and professional bodies, businesses, business associations, non-governmental organisations, public services and public utility organisations.
Individuals such as academics, scientists, researchers, technical personnel, students and pupils may also take part in relevant programmes supported under the measure, broadening the pipeline of participation across Cyprus’ research and innovation landscape.
Strategic Push For Innovation Capacity
The State Aid Control Commissioner’s office said the measure was approved following a decision by the Board of Directors of the Research and Innovation Foundation and the issuance of the relevant state aid decision. Decision No. 488 was published in the Official Gazette of the Republic on July 10, 2026, and has also been made available on the commissioner’s website.
The revised Restart programme comes as Cyprus continues to invest in research, technological development and innovation as core drivers of long-term competitiveness. By increasing support for businesses, researchers and institutions developing new products, services and technologies, the government is signalling that innovation remains a strategic economic priority.
