The University of Cyprus (UCY) has issued an urgent appeal to the government to support basic research, expressing concern and disappointment over the Ministry of Finance’s decision not to co-fund a €15 million European Teaming research project.

According to a UCY statement, the project aims to establish a Center of Excellence for Research and Innovation in Quantum Science and Technology, a rapidly growing global research field. The project’s approval placed Cyprus on the international scientific research map, significantly enhancing the country’s reputation in the field.

"Research and innovation are not merely academic pursuits but the foundation of social progress and economic competitiveness," the statement emphasized.

During the proposal submission process, the Ministry of Finance had issued a letter of commitment, formally pledging co-financing, which was a prerequisite for the project’s evaluation. However, after the proposal was approved, authorities withdrew financial support, citing concerns over the financial sustainability of the proposed research center. The European funding body, however, did not share these concerns, based on its evaluation of the project.

UCY warns that the government’s decision could have serious consequences, creating major obstacles for securing future research funding.

Additionally, the university notes that the lack of support discourages young scientists, who see their extensive efforts to secure research funding go unrecognized and unsupported.

"This setback is part of a broader approach to research and innovation funding in Cyprus," the statement added, highlighting that Cyprus invests significantly less in Research and Development (R&D) compared to the EU average, negatively affecting both basic research and the country’s innovation and competitiveness.

According to available data:

• Cyprus' R&D spending as a percentage of GDP dropped to 0.75% in 2022, compared to 0.80% in 2021, and well below the EU average of 2.24%.

• Only 25% of total research and innovation funding allocated through the Research and Innovation Foundation is dedicated to basic research.

"Research and innovation are not luxuries or optional choices. They are the key drivers of national development, economic competitiveness, and a sustainable future," the university stated.

UCY urges all relevant authorities to actively support basic research, by increasing funding and prioritizing it as an essential pillar for advancing knowledge, creativity, and innovation in Cyprus.