RIF offers €1.25 million for research-driven business innovation

The Research and Innovation Foundation (RIF) has announced a new funding cycle under its PhD in Industry programme.

According to an official announcement released on Thursday, the new programme will allocate a total of €1.25 million to bolster Cypriot business innovation and competitiveness.

Through this initiative, companies can secure funding of up to €150,000 over three years to employ a PhD student for a research project closely aligned with the company’s objectives.

The aim of the programme is to support scientific talent while driving economic growth.

In addition to financial support, the foundation is also offering free innovation and knowledge transfer services, providing companies with access to specialised consultancy.

Preference will be given to proposals not previously funded by RIF or European programmes since 2016, particularly those from medium and large enterprises.

For full programme details and to download the application documents, interested parties can visit the RIF website here.

Proposals must be submitted through the RIF IRIS portal by March 27, 2025.