RIF announces consultation on a €10m programme for the creation of facilities and production lines

13:07 - 15 January 2025

Technology Reporter

The Research and Innovation Foundation (RIF) has announced the start of the consultation process for the new financing programme 'STEP: Setting up of facilities and production lines for manufacturing new innovative products/services.'

The Programme is aimed at Cypriot businesses of all sizes and has a total budget of €10 million. The goal is to support businesses with the aim of developing critical technologies and creating facilities and production lines for new innovative products, in the following sectors:

Ultra-advanced and digital technologies
Clean technologies
Biotechnologies

The Programme will be announced on the basis of EU Regulation 2024/795 “Establishing the Strategic Technologies for Europe Platform” (STEP) and the consultation is being conducted following a market sounding conducted by the RIF, exploring the interest of Cypriot companies in creating facilities and production lines.

Interested parties can participate in the consultation by completing the questionnaire found at the following link: https://shorturl.at/x7QIu , until 26 January, 2025.

More information can be found in the programme presentationhttps://shorturl.at/z6v2S and executive summary https://shorturl.at/llHFF

RIF announces consultation on a €10m programme for the creation of facilities and production lines

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