The Research and Innovation Foundation (RIF) of Cyprus has launched two new funding initiatives to boost the country’s energy sector. The “Research in Enterprises-Energy” program offers a €4 million budget for energy management technologies, while the “CO-DEVELOP-REPowerEU” program provides a €6 million budget for collaborative innovation in energy efficiency and climate change solutions. These initiatives aim to support technological advancements and green energy solutions, aligning with the European Commission’s REPowerEU scheme for a continent-wide shift towards cleaner energy.
What new funding initiatives has the Research and Innovation Foundation (RIF) launched to boost Cyprus’s energy sector?
The Research and Innovation Foundation (RIF) of Cyprus has launched two new funding initiatives: the “Research in Enterprises-Energy” program with a €4 million budget for energy management technologies, and the “CO-DEVELOP-REPowerEU” program, with a €6 million budget aimed at fostering collaborative innovation for energy efficiency and climate change solutions.
RIF Launches Support for Green Energy Transition
Cyprus’s path to a more sustainable and energy-efficient future is receiving a significant boost, thanks to the Research and Innovation Foundation (RIF). With a firm commitment to the National Recovery and Resilience Plan, aptly dubbed “Cyprus Tomorrow,” the foundation is set to launch two pioneering sponsorship programs. These initiatives are poised to invigorate the energy landscape of the island nation by supporting technological advancements and green energy solutions.
The robust link between these programs and the European Commission’s REPowerEU scheme fortifies RIF’s position. This connection ensures that Cyprus’s energy system transformation is not just a national venture but part of a broader, continent-wide shift towards cleaner energy.
Energizing Innovation: The Research in Enterprises-Energy Programme
The first of the two programs, the “Research in Enterprises-Energy” program, comes with a substantial €4 million budget. This program encourages the development of innovative technologies that tackle various aspects of energy management, such as production, storage, and distribution. The emphasis is on creating practical solutions that can be directly applied within the energy sector.
Each project under this banner can be funded up to €200,000, a substantial figure that reflects the gravity of the challenges being addressed. Those keen to learn more or considering an application can find comprehensive details here. The IRIS portal will be accepting proposals until the deadline on January 26, 2024, providing ample time for interested entities to get involved.
Collaborative Efforts: The CO-DEVELOP-REPowerEU Programme
The second program, known as “CO-DEVELOP-REPowerEU,” boasts a €6 million budget and focuses on collaboration. It will soon be formally announced and promises to foster partnerships between businesses and research institutions. Together, these entities will brainstorm, design, and develop innovative, cost-effective technologies. Their collaborative efforts aim to address pressing issues such as climate change, energy efficiency, and the security of energy systems.
Participants who are selected for funding through this program will benefit from free innovation support services and access to knowledge transfer tools. By leveraging research and technology transfer, RIF aims to enhance the competitive edge of Cypriot businesses and hasten the nation’s transition to a sustainable, resource-efficient economy.
Accessing Information and Support
For those who wish to dive deeper into these programs or require assistance, RIF’s Partner Service Center is available to answer questions and offer guidance. They can be reached by telephone at 22205000 or via email at support@research.org.cy.
These programs are more than mere financial incentives; they are strategic instruments designed to foster innovation, collaboration, and commercial applications of research. As Cyprus looks to its energy future, the RIF’s new programs are lighting the way for a greener, more innovative tomorrow.
Quick Recap
- The Research and Innovation Foundation (RIF) of Cyprus has launched two new funding initiatives to boost the country’s energy sector.
- The “Research in Enterprises-Energy” program offers a €4 million budget for energy management technologies.
- The “CO-DEVELOP-REPowerEU” program provides a €6 million budget for collaborative innovation in energy efficiency and climate change solutions.
- These initiatives aim to support technological advancements and green energy solutions, aligning with the European Commission’s REPowerEU scheme.
- The programs are designed to foster innovation, collaboration, and commercial applications of research in Cyprus’s energy sector.
