RIF reveals the 100 top beneficiaries of its €180m grants since 2016

The Research and Innovation Foundation (RIF) has published a report with all the grants it has given since 2016, with the two state universities receiving almost a third of some €180m.

The report, entitled “2016 – May 2024: Cumulative funding table per beneficiary – the top 100 beneficiaries”, names the 100 leading public and private organisations that have received its grants – totalling €180,374,474.48 – since 2016.

“RIF attaches particular importance to the evaluation of the impact and effects of the Research and Innovation Programs it announces over time, examining a series of issues that include, among others, the development of new knowledge, products and services, the creation of a critical mass of researchers and innovators businesses, the creation of research infrastructure, the creation and maintenance of new jobs, etc.,” it said in a note accompanying the report. “As a rule, in addition to the statistical data gathered from time to time by RIF regarding the participation in national and European Programs of individuals and organisations, the evaluation of the participation and their impact is carried out by specialised expert houses,” it added.

The top 20 beneficiaries of RIF’s funding programmes

Below are the top 20 beneficiaries who received the most funds, starting with the University of Cyprus that received €42,349,729.89, taking a clear lead over the second largest beneficiary, the Cyprus University of Technology, which was granted €16,748,365.87.

1. University of Cyprus - €42,349,729.89
2. Cyprus University of Technology - €16,748,365.87
3. Frederick Research Center - €8,977,121.93
4. The Cyprus Institute - €8,915,188.17
5. The Cyprus Foundation for Muscular Dystrophy Research (The Cyprus Institute of Neurology and Genetics) - €3,426,126.80
6. Cyprus Research & Innovation Centre (CyRIC) - €3,138,922.57
7. Cyprus Marine and Maritime Institute (CMMI) - €2,927,166.00
8. EnergyIntel Services Ltd - €2,491,483.00
9. Erevnitiko Idryma - University of Nicosia - €2,463,531.80
10. Advanced Materials Design & Manufacturing Limited (AMDM) - €2,186,259.24
11. Cyprus Space Exploration Organisation (CSEO) - €2,139,863.89
12. Impact Tech LTD - €2,000,000.00
13. NIPD Genetics Biotech Ltd - €1,980,935.50
14. ENGINO- NET LIMITED - €1,886,111.00
15. Linac-Pet Scan Opco Ltd - €1,599,792.28
16. NovaMechanics Ltd - €1,554,403.00
17. C.P. Foodlab LTD - €1,553,479.04
18. European University Cyprus Research Centre Ltd - €1,529,259.24
19. UBITECH LIMITED - €1,471,355.16
20. Ministry of Agriculture, Rural Development and Environment - €1,454,247.15

View the report here

View the full list of beneficiaries for RIF's funding programmes since 2016 here