Research and Development (R&D)

The Government of Cyprus acknowledging the importance of research, development, and innovation, is strongly committed in enhancing the scientific basis in Cyprus. The Research Promotion Foundation of Cyprus (www.research.org.cy) funded over €25 million worth of research projects and supporting activities, and the budget is expected to grow in the coming years according to the following five strategic categories:

• Strategic & Multi-thematic Research and Development
• Growth of National Scientific & Research Human Capital
• Applied Research Development and Enterprise Innovation
• Research Infrastructure Development and Large Scale Investments
• International Networking and Collaboration in the field of R&D and Innovation

• The Cyprus Institute (www.cyi.ac.cy) with 6 research centres on: energy, the environment, technology, ICT, human health, and economic development
• The Cyprus International Institute (www.hsph.harvard.edu/cyprus) for the Environment and Public Health in conjuction with Harvard University
• The Agricultural Research Institute (http://arinet.ari.gov.cy) with the objective to increase crop yield and improve quality of agricultural production by methods that are environmentally and socially acceptable
• The Cyprus Institute of Neurology & Genetics (www.cing.ac.cy) specializing in neurology, molecular biology and all aspects of human genetics
• More than 10 new policy measures are in place to accelerate innovation since 2006
• Trademarks, patent and copyright laws have been in place for the protection of the rights of the proprietors and of the general public
• A plethora of Intellectual Property firms in Cyprus specialize in the protection of intellectual property rights, especially filing of trademarks and patents as well as copyright rights

• SMEs innovation in-house
• Innovative SMEs cooperating with others
• Innovation expenditure
• SMEs using organisational innovation
   

Considering Innovation in general, Cyprus moved from the “catching up countries” to the “moderate innovators”.

• Athena High Technology Incubator Ltd (www.athenatech.com.cy)
• Diogenes High Tech Business (www.diogenes.com.cy)
• Ermis Research and Incubator Centre Ltd (www.ermis.org)
• Helix Business Incubator Ltd (www.helixincubator.com)
• Promitheas Business Innovation Centre Ltd (www.promitheas.eu)

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