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EURAXESS Startup Hub Cyprus

 

Welcome to the EURAXESS Startup Hub in Cyprus.

The hub is part of a cross-border network set up by research and funding organizations from 7 different countries, which, apart from Cyprus, include Bosnia and Herzegovina, Estonia, Israel, Luxembourg, Montenegro and Serbia.

The goal of the Startup Hub is to extent the range of services previously provided by EURAXESS, through collaborations and cross-country networking, to support researchers interested in scientific entrepreneurship.

Scientific startup entrepreneurship is a career path in which scientific findings (such as the results of doctoral, postdoctoral or more advanced research, in any area) are transformed into innovative products or services, which may then be validated and improved by early adopters, brought to the market and then continuously scaled up, in terms of product/service quality and coverage.

 

 
eURAXESS STARTUP HUB CYPRUS

Who are we?

 

The Research and Innovation Foundation (RIF) is the national authority in charge of supporting and promoting research, technological development and innovation in Cyprus. Through innovative actions and programmes, the RIF reinforces the domestic Research and Innovation (R&I) ecosystem, contributes to strengthening the competitiveness of the Cypriot economy and develops cooperation and networking with the international research and entrepreneurial communities.

The RIF was established in 1996, following an initiative by the Government of the Republic of Cyprus, with the initial name of Research Promotion Foundation (RPF). Since its establishment, the RIF has developed widespread activities at the National, European and International levels, with a strong focus on the development of national research funding programs, as well as the representation of Cyprus in European and International programs and organizations. Since 2007, the Foundation expanded its range of activities to also support and advance Innovation in Cyprus. Following the overall restructuring of the RTDI System in Cyprus in 2018, the Foundation was renamed to Research and Innovation Foundation (RIF), and took over the role of the executive arm of this System.

Visit our website to find out more.

 

 
OUR INNOVATION ENVIRONMENT

About the Cypriot Startup Ecosystmem

 

Cyprus is a young but fast developing ecosystem. The 2021 edition of the European Innovation Scoreboard included Cyprus among the 5 EU countries that managed to improve their performance by over 25 per cent. Specifically, Cyprus’s innovation performance recorded the second-best progress in the European Union in 2020. Significant steps in the expansion of the Cypriot ecosystem of Research and Innovation have been achieved in the last few years, with important possibilities for further development, as well as several actions currently taking place in order to widen the culture of innovation and research on the island. The recent pandemic, although creating serious challenges for the society, has at the same time boosted research and innovation and has highlighted its importance and its role in finding solutions for the society. The rate of developing and adopting innovation through the pandemic has significantly increased in many fields in Cyprus, including health and digital technologies.

Some of the strong assets in the Cypriot innovation ecosystem include its excellent human resources, the strong participation of Cypriot researchers in international scientific publications, and the collaborations developed between small and medium enterprises, as well as other entities of the R&I ecosystem. 

The RIF plays an instrumental role in supporting the local innovation ecosystem. In the last 2 years, more than €45M of funds have been allocated for Innovation through the RIF’s innovation programmes. Specifically, the RIF has already announced 15 competitive calls for Innovation Funding Programmmes, including 3 calls focus on COVID-19. Apart from providing funding, the aim of the RIF is also to offer support services that allow researchers and innovative businesses to move forward with their ideas and bring products and services to the market.

The Cypriot Innovation Ecosystem at a Glance:

 

 

 

 

 

 
EURAXESS STARTUP HUB

Meet the EURAXESS Startup Hub

 

The EURAXESS Startup Hub is a networking program of support to academic entrepreneurs, set up by research and funding organizations from 7 different countries, namely Bosnia and Herzegovina, Cyprus, Estonia, Israel, Luxembourg, Montenegro and Serbia, with participation of tens of external stakeholders and prominent actors in the national startup ecosystems of the above countries.

The EURAXESS Startup Hub is part of the EURAXESS Hubs project, funded by the European Commission through Horizon 2020.

 

 

Our Activities

The RIF's activities cover three main areas:​​

Aiming to enhance the local innovation ecosystem, the RIF provides a series of valuable innovation services to local organizations, for example through the Innovation Factory, the Enterprise Europe Network Cyprus and the Knowledge Transfer Office.

 

Click on the tabs on the right to see some examples of our services particularly focused towards entrepreneurship and startups.

 

 

 

Local Partnerships

Services to support scientific entrepreneurship are also available through our local partners. Please visit their websites to find out more.

University of Cyprus

www.ucy.ac.cy/en/

• Access to funding (including investors, loans, targeted funds)

• Access to international markets (through external partners abroad)

• Access to research infrastructures and data

• Creating and maintaining industry partnerships

• General counselling (legal, business, marketing, accounting, financial management)

• Networking (with higher ed, industries, public sector, associations/clusters, other startups, cohorts)

• Office space

• Registering and patenting Intellectual Property

• Research project innovation assessment (on request)

• Reverse innovation (on request)

• Technological mentoring and coaching (on request)

 

 

Open University Cyprus

www.ouc.ac.cy

• General counselling (legal, business, marketing, accounting, financial management)

• Networking (with higher ed, industries, public sector, associations/clusters, other startups, cohorts)

• Office space

• Information regarding funding opportunities and partner searches

 

 

CYENS CoE – Innovation Department

www.cyens.org.cy/en-gb/

• Creating and maintaining industry partnerships

• Networking (with higher ed, industries, public sector, associations/clusters, other startups, cohorts)

• Technological mentoring and coaching

• Registering and patenting Intellectual Property

• Access to research infrastructures and data

• Access to international markets (through external partners abroad)

 

 

CYENS Thinker Maker Space

makerspace.cyens.org.cy/

• Networking (with higher ed, industries, public sector, associations/clusters, other startups, cohorts)

• Technological mentoring and coaching

• Prototyping and Design

• Socio-environmetally sustainable practises and development of creative culture on design and Innovation

 

 

CYENS Techub

techub.cyens.org.cy/

• Business mentoring and coaching

• General counselling (legal, business, marketing, accounting, financial management)

• Networking (with higher ed, industries, public sector, associations/clusters, other startups, cohorts)

• Office space

 

 

The Cyprus Institute of Neurology and Genetics -CING

www.cing.ac.cy

• Access to funding

• Access to research infrastructures and data

• Creating and maintaining industry partnerships

• General counselling (legal, business, marketing, accounting, financial management)

• Registering and patenting Intellectual Property

• Research project innovation assessment

• Technological mentoring and coaching

 

 

The Cyprus Institute

www.cyi.ac.cy

• Access to funding

• Access to international markets

• Access to research infrastructures and data

• Business mentoring and coaching

• Creating and maintaining industry partnerships

• General counselling

• Networking

• Office space

• Registering and patenting Intellectual Property