Three companies, a public service and five researchers were honoured at a joint innovation and research awards ceremony at the Nicosia Municipal Theatre on 26 October 2026, with President Nikos Christodoulides presenting the awards.
The event brought together the 19th Cyprus Innovation Awards of the Cyprus Employers and Industrialists Federation (OEB) and the Research and Innovation Foundation’s (RIF) Cyprus Research Awards 2025.
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OEB’s innovation awards recognised winners across four categories:
- Primary sector: Kouloumbri Farm Ltd.
- Manufacturing: Poupa Aluminium Systems.
- Services: Neuranet Solutions Ltd.
- Social innovation: The Welfare Benefits Administration Service of the Deputy Ministry of Social Welfare.
Held since 2006, OEB’s innovation awards recognise the successful application of innovation in Cyprus.
Five scientists received RIF’s research awards, recognising scientific achievement and the commercial use of research findings:
- Distinguished Researcher, Social Sciences and Humanities: Professor Kostas Fanti of the University of Cyprus.
- Young Researcher, Physical Sciences and Engineering: Dr Anastasia Antoniou, a postdoctoral fellow at the Cyprus University of Technology.
- Young Researcher, Life Sciences: Dr Myrofora Panagi, a postdoctoral researcher at the University of Cyprus.
- Young Researcher, Social Sciences and Humanities: Dr Marina Charalambous, a member of the Special Teaching Staff at the Cyprus University of Technology.
- Commercial Exploitation of Research Results: Dr Dimitris Kyriakou, founder and CEO of EFEVRE TECH LTD.
Addressing the ceremony, Christodoulides reaffirmed the government’s support for businesses investing in new ideas and technologies. He described research and innovation as strategic priorities for developing a more internationally competitive Cypriot economy.
OEB President Giorgos Pantelides emphasised innovation’s contribution to business competitiveness and called for support for entrepreneurial initiatives that turn ideas into new products and services.
Chief Scientist and RIF Chairman Demetris Skourides highlighted the importance of connecting research with business, encouraging closer collaboration so that scientific knowledge can generate new opportunities for growth.
The ceremony received support from the Deputy Ministry of Research, Innovation and Digital Policy. OEB’s innovation awards also form part of European SME Week.
