Cabinet approves strategy to boost R&I sector

09:00 - 03 May 2023

Current Affairs

Cyprus’ Cabinet has approved the country’s Smart Specialisation Strategy (SSS) for the period 2023-2030, following a proposal by Deputy Minister of Research, Innovation and Digital Policy, Philippos Hadjizacharias.

The SSS identifies and analyses the priority sectors where Cyprus has a competitive advantage, and by investing in Research and Innovation (R&I), it helps stimulate economic growth and improve the public’s quality of life.

It is part of the deputy ministry’s national Strategy for R&I, which is in the final stages of being prepared, and is an ex-ante conditionality for the utilisation of resources from the European Structural and Investment Funds (ESIF) in the R&I sector.

The priority areas that have been highlighted through the SSS for the period 2023-2030 are divided into four units, based on an announcement by the deputy ministry. The first concerns technological priority areas and includes digital technologies and innovative materials.

The second concerns ecosystems and includes the sectors of agri-food, shipping and renewable energy sources. The third unit concerns emerging ecosystems and, currently, only includes the space sector. The fourth concerns enablers and includes the health and environment sectors.

Cabinet approves strategy to boost R&I sector

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