The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
«Enterprises Capacity Building in New Product Development» Programme aims to support companies with 15 or more employees, to employ specialised staff in New Product Development and to engage in research and development activities aiming at the development of new products and services.
The «Enterprises Capacity Building in New Product Development» Programme supports beneficiaries to employ certified professionals in New Product Development, which will work full time in the enterprise in order to support it to develop new products and services.
These professionals can be new employees, who will be hired specifically for this purpose, or existing members of staff of the enterprise and should be trained and obtain a certification in New Product Development. The RIF will provide free-of-charge training to the involved staff to be included in the project team.
Expiration date: 31/03/2025, 13:00 or until the budget is exhausted.
100%
Enterprise that has at least fifteen (15) full-time employees.
Research & Innovation Foundation
Partner Support Centre
Telephone: 22205000
Email address: support@research.org.cy