The Research and Innovation Foundation (RIF) has increased its use of EU state aid provisions from three to ten to broaden support for local innovation.
Key facts
- •The RIF increased its reliance on GBER articles from three in 2016 to ten currently.
- •The GBER framework allows for faster deployment of state aid by bypassing individual European Commission approval for compliant measures.
- •The European Commission held a consultation on a draft replacement GBER that closed on April 23.
- •RIF director general Theodoros Loukaidis identified the State Aid Control Office as a key partner in strengthening the national innovation ecosystem.
- •The two organizations plan to increase staff knowledge-sharing to improve future funding scheme designs.
Cyprus’ Research and Innovation Foundation (RIF) has expanded its use of EU General Block Exemption Regulation (GBER) articles from three in 2016 to ten today. The expansion was highlighted during a meeting on Monday between State Aid Control Commissioner Stella Michaelidou and RIF director general Theodoros Loukaidis to discuss funding scheme designs.
Broadening Support Categories
The RIF now utilizes ten different GBER provisions to support areas beyond traditional research. These include research infrastructure, process and organizational innovation, professional training, innovation clusters, regional aid, and participation in international exhibitions.
Regulatory Cooperation
The GBER allows EU member states to grant specific aid categories without prior European Commission approval if conditions are met. Commissioner Michaelidou noted that involving her office during the initial design phase of funding schemes helps ensure compliance with EU rules and prevents potential delays.
Additional Innovation Initiatives
Beyond grant schemes, the RIF has introduced new support tools such as the Central Knowledge Transfer Office and blended-finance structures. These initiatives aim to encourage private investment and assist in the commercialization of research and innovation projects.
Timeline
- 2016The RIF relied on three main GBER articles to launch funding programs.
- FebruaryThe European Commission launched a consultation on a draft replacement GBER.
- April 23The European Commission consultation on the draft GBER closed.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Cyprus Mail.
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