In a strategic move to foster innovation and tackle challenges in crucial sectors, the Research and Innovation Foundation has unveiled its groundbreaking "Co-Develop" financing program. With an impressive budget of €7.3 million, this initiative is set to catalyze advancements in the realms of agri-food, marine and maritime ecosystems, and healthcare.

The core objective of the "Co-Develop" program is to seamlessly bridge the gap between businesses and research organizations, propelling joint Research and Development endeavors. By nurturing synergistic partnerships, the program aims to address complex challenges that loom large in the targeted sectors. Notably, each project can secure funding up to €600,000, signifying the program's commitment to fostering impactful innovations.

At its essence, "Co-Develop" functions as a conduit for harnessing the collective prowess of businesses and research entities. This potent collaboration seeks to channel their combined expertise and resources into the development of novel technologies that hold the potential to revolutionize modern challenges.

The "Co-Develop" program offers a twofold benefit to selected organizations. Beyond the financial boost, participants gain automatic access to invaluable support services and knowledge transfer tools. This supplementary assistance is seamlessly facilitated through the IdEK's Central Office of Knowledge Transfer, further enhancing the practicality and impact of the program.

Funding for the program stems from the "Cyprus Tomorrow" Recovery and Resilience Plan, underlining the government's commitment to propelling innovation and sustainable development. Those keen on partaking in this transformative opportunity can explore the specific priority areas covered by the initiative at www.research.org.cy.

Prospective participants are urged to submit their project proposals through the Institute of Technical Education and Research's IRIS portal. The submission deadline is set for October 20, 2023, at 13:00. With this timeline in mind, the Research and Innovation Foundation encourages aspiring collaborators to seize this chance to contribute to cutting-edge advancements in pivotal sectors.