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Press Release: EIT stands ready to power innovation in Cyprus

Nicosia, Cyprus, 27 June 2019 – Promoting innovation, showcasing cooperation opportunities and inviting Cypriot innovators to join Europe’s largest innovation network. This is what the European Institute of Innovation and Technology (EIT)  offers during its Awareness Day in Nicosia today. The event is co-organised with the Cyprus University of Technology (CUT) under the auspices of the Ministry of Finance, the Ministry of Foreign Affairs and the Ministry of Agriculture, Rural Development and Environment.

Europe’s future is connected to its power to innovate. The EIT has the boots on the grounds to drive innovation across the EU. It is Europe’s largest innovation network that unites leading business, higher education and research organisation. The EIT is also supporting innovators with a wide range of entrepreneurial activities in Cyprus. So far, one Hub is operational in Cyprus with three organisations taking part (Cyprus University of Technology, Cyprus Energy Agency and Chrysalis LEAP), receiving funding of approximately EUR 400 000. But much more can and should be done. Cyprus has an attractive research system, with a high number of international scientific co-publications and foreign doctorate students, according to the European Innovation Scoreboard. The scoreboard defines Cyprus as a moderate innovator with great potential to expand its ability to innovate.

Read the full press release below