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RIF to hand out Innovation Vouchers - €10,000 per Cypriot SME

The Research and Innovation Foundation, under the revised "Innovation Vouchers - InnoVouchers" programme, is making available €10,000 per project and free support services to Cypriot small and medium sized enterprises (SMEs) to enhance their competitiveness.

Innovation Vouchers allow SMEs to receive specialised services from organisations with specialised expertise while they act as a catalyst to improve existing or develop new products and services.

The proposal submission procedure is simple, with an indicative length of five pages, and a fast track evaluation procedure is applied to speed up the announcement of results and implementation of projects.

Companies that have used Innovation Vouchers in the past have been able to establish meaningful partnerships with knowledge-intensive organisations which have led to a strengthening of their capacity to innovate and to the upgrading of their products and services.

The total budget of the call is €310,000. Productive SMEs employing between 4 and 29 employees permanently, under specific conditions described here, are eligible to participate:

The deadline for submitting proposals is 09 October 2024, 13:00, or until the budget is finished.

The project is funded by the NextGenerationEU Recovery and Resilience Facility.

For more information, interested parties can register for the informative webinar organised by the Foundation on 28 May at 10:00 am or contact the Foundation's Partner Service Centre at tel: 22205000. To register:

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