In this section you may find information on National Schemes published by the Cyprus Research and Innovation Foundation (formerly know as the Research Promotion Foundation – RPF).

It is awarded to a scientist or group of scientists, who has/have demonstrated successful commercial exploitation of the results of his/her/their physical or social sciences, engineering, or humanities research as demonstrated by a licensee or start-up which is developing the technology for a commercial application and has at least begun beta testing or the equivalent with intended end-users in terms of functionality, usability and reliability. The Award grant of €60.000 may be used by the winner on a project of their choice to carry out research and development activities (TRL 4-8) maiming to improve the level of his/hers research’s commercialization readiness, at a Host Organisation of his choice.

In addition, the winner(s) will automatically become beneficiaries of the services and knowledge transfer support and tools provided by the Foundation in the framework of the Central Knowledge Transfer Office (KTO) and the Innovation Factory.

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• Research, Technological Development and Innovation

• Associations
• Central Government
• Chambers
• Consumer Organisations
• Educational Institutions
• Farmers Unions
• Financial Institutions
• Large Enterprises
• Local Authorities
• NGOs
• Non Profit Organisations
• Parliamentary Bodies
• Private Bodies
• Producer Associations
• Researchers/Research Centers/Institutions
• Services Providers
• Small and Medium Enterprises (SMEs)
• State-owned Enterprises
• Trade Unions
• Training Centres

Beneficiars
The nominated researchers should:

• have been working and living in Cyprus on a permanent basis during the last three (3) years up to the announcement date of the Call (between the 3rd May 2021 and the 2nd of May 2024 inclusive)
• have demonstrated successful commercial exploitation of the results of his/her research in the field of Life Sciences or Physical Sciences and Engineering or Social Sciences and Humanities, as evidenced by at least one of the following during the Call anouncement (i) the licensing of research results with revenues of at least €25.000, (ii) the establishment of a start-up1 company (the definition of a start-up should be fulfilled during the Call announcement) developing technology with commercial application based on the results of research work (e.g. may be own research, licensing of intellectual IP) and which has at least a Minimum Viable Product (MVP) for which beta testing has already been initiated by intended end-users as to its functionality, usability, and reliability and has secured funding of more than €40.000 from private investors or has placed products/services on the market and has revenues of at least €25.000. Note that own investments, or sponsorship income as private investment are not taken into account as revenue.

The nominated researchers may be of any nationality and must have been working in any Research Organisation, Enterprise or other Public or Private Entity legally established and active in the areas under the control of the Republic of Cyprus.

Nomination: 
The researchers should be nominated by another person via the following link. There is no restriction on the number of researchers a person or organization may nominate for the Award.
Individuals who have already been awarded under the ” Cyprus Award – Commercial Exploitation of Research Results” can not apply again.

Research & Innovation Foundation
Partner Support Centre

Τelephone: 22205000
Email: support@research.org.cy

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