Plans to increase Private Investment In The Fields of Research & Innovation

Plans to increase Private Investment In The Fields of Research & Innovation

Increasing Private Investment In The Fields Of Research And Innovation is the main objective according to the future action plan of the Research & Innovation Foundation

The future action plan and the work that has been done by the Research & Innovation Foundation the past two years has just been presented by the Chairman of the board of directors Dr. Nikolaos Mastroyiannopoulos to Nicos Anastasiades.

A press release by his office says that President Anastasiades in his statement said that Cyprus moves forward and research and innovation are two fields that rapidly change. He said that this reflects in the international indices on research and innovation adding that the priority remains for our county to keep developing in these fields. Dr. Mastroyiannopoulos said that in the past years a lot has been achieved adding that Cyprus institutions score high and rank in high places as regards funding projects.

He said that for 2020-2021 Research & Innovation Foundation funded projects with an amount of more than 51 mln euros. He referred also to the projects and programs for 2021-2027 with a budget of €150 mln adding that the philosophy is to be focused and have targeted investments in competitive fields.

Dr. Mastroyiannopoulos also said that the aim is to increase private investment, to enhance research cooperation between organizations and businesses and to promote and encourage knowledge and turn it into trade opportunities.

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