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RIF launches new scheme for innovative Cypriot companies

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The Research and Innovation Foundation (RIF) on Friday announced the launch of 'Boost,' a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus by providing grants of up to €300,
The Cyprus Research and Innovation Foundation (RIF) has introduced a new funding scheme aimed at supporting innovative Cypriot companies. This initiative, detailed in an article from the Cyprus Mail dated December 6, 2024, seeks to bolster the growth and competitiveness of local businesses by providing financial assistance for research, development, and innovation projects. The scheme targets small and medium-sized enterprises (SMEs) and startups, offering grants to help them develop new products, services, or processes. It emphasizes sectors like technology, health, and sustainable development, aiming to foster a culture of innovation, enhance economic diversification, and promote Cyprus as a hub for technological advancement. Applications for this funding are open, with the RIF encouraging companies to apply and contribute to the island's economic and technological landscape.

Read the Full Cyprus Mail Article at:
[ https://cyprus-mail.com/2024/12/06/rif-launches-new-scheme-for-innovative-cypriot-companies/ ]