Excellence centres should channel research work into market, Hadjizacharias says

08:41 - 13 September 2023

Economy Reporter

It is imperative that the seven centres of excellence that exist in Cyprus channel their research work into the market to raise funds, Deputy Minister of Research, Innovation, and Digital Policy, Philippos Hadjizacharias, has said.

In his statements after a discussion with representatives of these centres, during a meeting of the House Committee on Energy, Trade, Industry and Tourism on 12 September, Hadjizacharias also mentioned that seven of the 38 centres that operate in the EU, were located in Cyprus, which means that they were doing a good job, since they had managed to get approval for funding from the EU.

The Deputy Minister explained that the state was committed to the decisions of the Council of Ministers for the financing of the seven Centres of Excellence, with €15 million each. In addition, he said, each of them receives another €15m, so they have total funding of €30m for a seven-year period.

Hadjizacharias pointed out that the centres of excellence were important pillars for the development of both research and the competitiveness of the economy, while they contribute to the creation of knowledge and technological solutions in any modern economy.

He assured that his Deputy Ministry would continue to support them through support services and guidance.

However, answering questions from journalists, he also emphasised the need for these centres to channel their research into the market both in Cyprus and worldwide to raise funds.

He added that an important parametre of their operation, was the fact that scientists remain in Cyprus, noting that the centres of excellence employ today around 600 people.

(Source: CNA)

Excellence centres should channel research work into market, Hadjizacharias says

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