RIF: €1.6 million to accelerate innovation in the energy sector

Press Release 11:16 - 27 June 2024

Technology Reporter

The Research and Innovation Foundation (RIF) announces the new funding programme "Commercial Proof of Concept - Energy" with a budget of €1.6 million to accelerate innovation in the energy sector.

The primary objective is to support transitioning solutions from pilot deployments to commercial readiness. It helps intensify R&D efforts to scale up and optimize solutions already deployed in the field.

The ultimate objective is to enhance the performance, reliability, efficiency, and cost-effectiveness of existing technologies, ensuring their viability for widespread adoption in primarily industrial and commercial applications.

Through the Programme it is expected that enterprises will have the opportunity to verify the commercial industrial application potential of a technology/knowhow that will address challenges in the areas of energy production, storage, transmission and distribution, and address key challenges in grid integration, renewable energy use and energy system resilience.

The maximum funding per project is €200,000 and interested parties can find more information at the following link: https://t.ly/gLSzz. Proposals can be submitted via the IRIS portal and the deadline is 25 October 2024.

This Call will be funded by the Recovery and Resilience Facility.

For further information, interested parties may contact RIF’s Partner Support Centre at: 22205000 or email support@research.org.cy.

RIF: €1.6 million to accelerate innovation in the energy sector

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