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RIF Unveils €45.3 Million In 2025 Funding Calls To Boost Innovation

The Research and Innovation Foundation (RIF) has announced its main funding calls for 2025, with a total budget exceeding €45.3 million. The funding aims to strengthen Cyprus’ research and innovation ecosystem through targeted programs supporting business innovation, knowledge transfer, and international collaboration.

For the first time, RIF will provide funding for establishing production lines for innovative products and developing AI-driven solutions to address public sector challenges. Additionally, the Fast-Track Innovation program will accelerate the commercialization of new products and services.

Funding Priorities

The 2025 funding programs align with RIF’s five strategic pillars:

  • Research
  • Knowledge Transfer and Collaboration
  • Innovation
  • Internationalization
  • Infrastructure and Capabilities

Planned Calls by Quarter

Q1 2025

  • Innovate
  • Seed
  • Innovation Support Structures
  • New Product Development – Capacity Building
  • STEP – Setting up facilities and production lines for manufacturing innovative products/services
  • Fast-Track Innovation
  • European Partnership – EUROSTARS
  • Vision ERC
  • Horizon Europe – 2nd Opportunity – MSCA
  • AI in the Public Sector
  • R&I Internships
  • Events Sponsorships

Q2 2025

  • Research in Enterprises (ENTERPRISES)
  • Proof of Concept
  • Excellence Hubs (EXCELLENCE)
  • Post-Doc Fellowships
  • Cybersecurity Capability Enhancement

Q4 2025

  • BRIDGE2HORIZON

Further details on funding eligibility, proposal submissions, and deadlines are available on the RIF website.

Celestyal Cruise Line Revives Mediterranean Operations Amid Strategic Maritime Transit

Celestyal Cruises has returned its two main vessels, Celestyal Discovery and Celestyal Journey, to the Mediterranean following transit through the Strait of Hormuz and the Suez Canal. The return allows the company to proceed with its summer schedule, with sailings from Athens set to begin on May 1.

Strategic Passage And Operational Coordination

The cruise line reported that both vessels completed their critical transit with distinction, enabled by a well-executed plan that prioritized crew safety and meticulous coordination with international authorities. Celestyal’s operations team, led by industry veteran Captain George Koumpenas, collaborated with regional governments and even received oversight from the US Navy, ensuring a secure journey during uncertain times.

Revitalized Itineraries And Commercial Response

With both ships back in operation, the company is resuming its summer programme. Scheduled sailings include a three-night “Iconic Greek Islands” itinerary starting May 1 on Celestyal Discovery and a seven-night cruise covering Greece, Italy, and Croatia from May 2 on Celestyal Journey. Following a temporary slowdown in bookings, the company is preparing targeted pricing and promotional initiatives to support demand during the peak season, with planning also extending into the autumn period.

Leadership Insights And Future Outlook

Lee Haslett, Chief Commercial Officer at Celestyal, said the return of the vessels has supported booking activity. He noted that weekly business volumes have increased, reflecting improving customer confidence. While short-term demand has been affected, the company expects conditions to stabilize, supported by financial resources and travel partner networks.

Coordinated Maritime Collaboration

Close coordination with other cruise operators defined the return journey, with planning carried out in advance to support a controlled and secure transit. Celestyal Journey participated in a convoy of international vessels, contributing to an organized passage through key maritime corridors. This coordinated approach enabled operators to manage risks collectively and maintain operational continuity during a period of heightened regional uncertainty.

Experienced captains and operational crews played a central role, ensuring alignment across vessels and strict adherence to safety protocols throughout the transit. With both ships now back in service and a revised commercial approach in place, Celestyal Cruises is positioned to continue its summer programme while adapting to current market conditions.

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