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Cyprus-US Strategic Dialogue: A New Era Of Bilateral Relations

In a significant diplomatic development, the President of Cyprus, Nikos Christodoulides, has lauded the newly established Strategic Dialogue with the United States. This agreement, forged during the visit of Cyprus’ Foreign Minister, Constantinos Kombos, to Washington, signifies a substantial enhancement of political, economic, and social ties between the two nations.

The Strategic Dialogue aims to fortify cooperation in crucial areas such as energy, technology, and security, presenting Cyprus as a reliable partner in the volatile Middle East. This collaboration is expected to stimulate investment and strengthen trade relations, benefiting the Cypriot economy. Additionally, the agreement marks progress toward including Cyprus in the US Visa Waiver Programme, simplifying travel for Cypriot citizens.

President Christodoulides emphasized the multifaceted advantages of the agreement, underscoring its role in bolstering Cyprus’ international stature as a stable and cooperative entity. He articulated that this partnership would not only benefit both nations but also contribute to regional stability and peace.

During the announcement, US Secretary of State Antony Blinken highlighted the robust relationship between the US and Cyprus, citing the maritime corridor for humanitarian aid to Gaza as a testament to their strengthened ties. Blinken expressed confidence in the deepening bilateral relations, underscoring Cyprus’ strategic importance and its role in upholding democratic values and the rule of law.

Foreign Minister Kombos echoed these sentiments, portraying Cyprus as a credible and predictable partner for the US in a complex region. He stressed the importance of structured, intensive dialogue to address shared challenges and enhance cooperation.

The formal signing of a bilateral agreement on travel data use, witnessed by senior officials from both nations, marks a pivotal step toward integrating Cyprus into the US Visa Waiver Programme. This agreement signifies not only a deepening of diplomatic and economic relations but also a shared commitment to security and mutual prosperity.

The Cyprus-US Strategic Dialogue is poised to commence in September, promising a future of closer cooperation and shared strategic interests. This development reflects the growing importance of Cyprus on the global stage and its strategic alignment with US interests in the region.

RIF Unveils €16.2 Million Support for Cyprus’ Startups and Established Enterprises

RIF Unveils €16.2 Million Support for Cyprus’ Innovators

The Research and Innovation Foundation (RIF) has announced substantial funding of €16.2 million aimed at propelling Cyprus’s established and emerging businesses into the competitive global market. This funding initiative, targeting both seasoned enterprises and budding startups, is designed to cultivate the swift production of innovative products and services.

Upcoming Funding Calls

The funding will be distributed across three programs: INNOVATE and SEED, with a combined budget of €6.2 million, and the STEP programme, commanding a distinct budget of €10 million for expanding facilities and production lines. These programs collectively aim to supercharge competitive advantage on the international stage.

Focus Areas and Participation

The INNOVATE program welcomes applications from companies in the pilot or market-testing stages, offering up to €1 million per project to enhance commercial production and worldwide distribution capabilities. Simultaneously, the SEED program directs its €3 million budget toward nurturing dynamic, startup ventures, each eligible for up to €500,000 to fast-track their competitive edge internationally.

A notable requirement for INNOVATE program applicants includes submitting audited financial statements and employer obligation documents from the Social Insurance Services.

STEP Program: Shaping Cyprus’ Innovation Future

The STEP program aligns with EU regulations, supporting Cyprus enterprises in developing advanced technologies, efficient green technologies, and biotechnologies. This initiative is anticipated to broaden Cyprus’s production infrastructure significantly.

Getting Ready

Potential participants should promptly prepare their proposals and gather necessary documentation to ensure their submissions upon the open call. Discover how enterprises are leveraging AI innovations to enhance their competitive stance.

Funded by the Republic of Cyprus and the European Regional Development Fund under Thalia 2021–2027, these initiatives promise a well-rounded boost to local innovation.

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