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Cyprus’ Research And Innovation Foundation’s €6 Million Initiative

by THEFUTURE.TEAM

The Research and Innovation Foundation (RIF) of Cyprus has unveiled a significant initiative aimed at strengthening collaboration between industry and research sectors. With a budget of €6 million, the “Co-Develop” funding programme is set to foster partnerships to address key areas such as digital technologies, advanced agri-food materials, health, and the environment. This initiative, funded under the Cohesion Policy Programme “THALIA 2021-2027” and the European Regional Development Fund, aims to bolster Cyprus’ economic competitiveness and improve the quality of life.

The programme, offering up to €600,000 per project, invites domestic consortia comprising at least one enterprise and one research organisation to develop technological solutions. This collaborative approach is designed to leverage existing knowledge and resources, ensuring practical applications in real-world scenarios.

Selected projects will benefit from the Foundation’s support services and knowledge transfer tools, provided through the Central Knowledge Transfer Office. This strategic initiative underscores the importance of research and industry interconnection in driving innovation and economic growth.

The deadline for proposal submissions is set for 22 November, 13:00, via the IRIS platform. Interested parties can obtain further details by contacting the Foundation’s Partner Service Centre.

This programme highlights Cyprus’ commitment to advancing its research and development capabilities, fostering a robust ecosystem where academic knowledge meets industrial application. By targeting critical sectors, the RIF aims to propel Cyprus towards a more competitive and innovative future.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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