**From Three to Ten: RIF Expands Cyprus Innovation Funding Tools**
The Research and Innovation Foundation (RIF) of Cyprus has significantly expanded its funding capabilities for research and innovation, increasing the number of EU state aid provisions it utilizes from three to ten since 2016. This notable expansion was highlighted in a recent meeting between State Aid Control Commissioner Stella Michaelidou and RIF Director General Theodoros Loukaidis, where they discussed the design of funding schemes and the changes to the European Union’s General Block Exemption Regulation (GBER).
In 2016, RIF relied on a limited number of GBER articles to launch its funding programs. However, the foundation has now broadened its approach, allowing for support in a variety of areas beyond traditional research projects. The new provisions include funding for research infrastructure, process and organizational innovation, professional training, innovation clusters, investments, regional aid, and assistance for companies participating in international exhibitions.
The GBER framework permits EU member states to provide certain categories of state aid without needing prior approval from the European Commission, as long as the measures meet specific conditions. This system is designed to facilitate quicker deployment of aid while minimizing competition distortions within the single market.
During the meeting, Commissioner Michaelidou acknowledged the collaborative efforts between her office and RIF, emphasizing that their partnership spans all stages of funding scheme preparation. She described RIF as a model in effectively utilizing GBER for state aid measures. Michaelidou also highlighted the importance of involving the State Aid Control Office early in the design process of funding schemes to avoid delays and ensure compliance with EU regulations.
The discussion also touched on technical aspects of the GBER, which is currently undergoing revision. The European Commission initiated a consultation on a draft replacement GBER in February, aiming to simplify the regulatory framework, lessen administrative burdens, and adapt the rules to evolving technological and market conditions. The consultation period concluded on April 23, and member states have since been reviewing a revised draft in advisory committee meetings.
Loukaidis praised the State Aid Control Office as a crucial partner in enhancing Cyprus’s research, technological development, and innovation ecosystem. He noted that the office's expertise and prompt responses have been instrumental in the successful implementation of RIF’s initiatives.
In addition to expanding its grant schemes, RIF is also broadening its support tools through initiatives such as the Central Knowledge Transfer Office and blended-finance structures. These efforts are aimed at attracting private investment and facilitating the commercialization of research and innovation.
Both RIF and the State Aid Control Office expressed their commitment to fostering closer knowledge-sharing between their teams. This collaboration is expected to enhance the design and execution of future state aid measures that support the growth of Cyprus’s research and innovation economy.
As Cyprus continues to evolve its innovation landscape, the expansion of funding tools and the collaborative efforts between RIF and the State Aid Control Office represent significant steps toward strengthening the country's research and development capabilities.