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Exciting Funding Opportunities for Cyprus Startups: €6.2 Million Budget Announced!

by News Editor

June 2, 2025

The Cyprus Research and Innovation Foundation (RIF) has unveiled two groundbreaking initiatives aimed at enhancing the competitive edge of both existing and startup enterprises. These initiatives, named the Seed and Innovate programs, are geared towards accelerating the development of cutting-edge products and services and broadening their international market presence. The total budget allocated for these initiatives stands at an impressive €6.2 million.

INNOVATE Program

Targeted at companies already active in the market, the INNOVATE program focuses on optimizing product or service development, kickstarting commercial production, and facilitating entry into the global market.

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Total Call Budget: €3.2 million
Maximum Funding per Project: €1 million
Submission Deadline: September 9, 2025

For more insights, visit: Innovate Program Details

SEED Program

The SEED program aims to support the rapid development of dynamic, innovative startups seeking to create globally competitive products or services.

Total Call Budget: €3 million
Maximum Funding per Project: €500,000
Submission Deadline: September 12, 2025

Discover more here: Seed Program Details

These calls are co-funded by the Republic of Cyprus and the European Regional Development Fund (ERDF) under the Cohesion Policy Program “Thalia 2021-2027”. For further information, contact the RIF Partners Support Center at 22205000 or email support@research.org.cy.

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SafeCY Launch: Enhancing Public Safety Through Modern Technology

by News Editor

June 15, 2025

The newly launched SafeCY application is transforming public safety in Cyprus, allowing citizens to find the nearest Civil Defense shelter in real-time. Launched by the Minister of the Interior, Konstantinos Ioannou, SafeCY is available on both the Google Play Store and the Apple App Store. This mobile application is not just a technological innovation; it is a proactive step towards enhancing the safety of Cyprus’ residents during emergencies.

Features of the SafeCY App

The app, accessible on both Android and iOS, supports both Greek and English languages, offering a user-friendly experience. Citizens can utilize GPS to find shelters based on their current location or search by address and postal code. Furthermore, the app integrates vital guidelines and information to ensure comprehensive awareness and preparation.

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Strengthening Emergency Response

SafeCY is part of a broader governmental strategy to leverage modern technology in fortifying timely public warnings. Its rollout represents a significant commitment to public protection, aligning with Cyprus’ overarching goals for sustainable growth by 2028, detailed in the economic strategy.