RESTART 2016-2020 Programmes / Call for Proposals for the “Development of Internationally Competitive Innovative Products and Services by STARTUPs (SEED)” Programme
Summary
The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
Programme Name
Programme Description
The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
Call
Detailed Call Description
The Programme aims to support innovative STARTUPs which, based on their business plan, aim to attract investment funds and are seeking rapid growth at an international level. The Companies have already been active for a short period of time, they may have carried out a small scale and on a test basis activity towards commercialization, but their product or service has not yet penetrated the market.
The Programme supports every activity that will allow the rapid development of the innovative idea, the attraction of investment and the successful global market penetration of the product / service.
In the cases where the new product or service is based on new technology, it is expected that the technology fall within a high technological readiness level, having already been validated in laboratory and relevant environment and is at least being demonstrate at relevant environment. This will also apply to non-technological innovations, accordingly.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
85%
€ 500.000
Eligibility For Participation Notes
The Host Organisation must be a Startup Company. The participation of Enterprises, Research Organisations and Other Organisations of the Private Sector, is permitted.
Programme Category
Cyprus Recovery And Resilience PlanTotal Budget
€6.000.000Thematic Categories
- Research, Technological Development and Innovation
Eligibility for Participation
- Associations
- Educational Institutions
- Large Enterprises
- NGOs
- Non Profit Organisations
- Other Beneficiaries
- Private Bodies
- Researchers/Research Centers/Institutions
- Small and Medium Enterprises (SMEs)
Call Opening Date
14/12/2021Call Closing Date
18/02/2022National Contact Point(s)
Research and Innovation Foundation
RIF Support Service
Email: support@research.org.cy
Telephone: +35722205000