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RIO Country Report Cyprus 2017

The R&I Observatory country report 2017 provides a brief analysis of the R&I system covering the economic context, main actors, funding trends & human resources, policies to address R&I challenges, and R&I in national and regional smart specialisation strategies. Data is from Eurostat, unless otherwise referenced and is correct as at January 2018. Data used from other international sources is also correct to that date. The report provides a state-of-play and analysis of the national level R&I system and its challenges, to support the European Semester.

 
 

Summary

Title: 
Challenges for R&I policy-making in Cyprus

  • Establish a consolidated R&I governance structure and evaluation mechanism of R&I policies for strategic planning and evaluation of R&I policies and funding schemes.

 

  • Exploit research results for creating economic and societal impact: The exploitation of research results in Cyprus is at a very low level. The Global Entrepreneurship Monitor (GEM) report for 2016 ranks Cyprus as 41st out of 66 countries in R&D transfers for business.

 

  • Enhance R&I activity in the business enterprise sector: R&D expenditure in the business enterprise sector of Cyprus is one of the lowest in Europe at 0.10% of GDP.

Title: 
Smart Specialistaion Strategies

The National Strategy on Smart Specialisation (Cyprus being a single region), S3Cy, was approved by the Council of Ministers on 26 March 2015. The priority areas identified through S3Cy are: 1. Tourism, 2. Energy 3. Structured Environment/Construction Industry, 4. Transport/Marine, 5. Agriculture/Food Industry and 6. Health. Information and Communication Technologies, Environment and Key Enabling Technologies have been identified as horizontal priorities. The implementation of the S3Cy for Research and Innovation in Cyprus relies on an Action Plan, which is planned to be implemented over the period 2016–2020, with a total budget of €143.9m (stand 2017 -the proportion between ESIF and national funds is yet to be finalised). The implementation of S3Cy will be carried out by RPF (RESTART 2016-2020 Funding Programme) and MECIT (Entrepreneurial Innovation related actions). The Ministry of Agriculture, Rural Development and Environment (MARDE) and alongside UCY will be responsible for one action each (Research in Agriculture & University labour market Liaison Offices).

The strategy aims at exploiting the advantages and promising sectors of the economy by leveraging high-quality research results that can be transformed into value added innovations in the selected sectors. At the same time, S3Cy aims to achieve a tangible change of the R&I culture in the business sector to generate a new series of knowledge-based start-ups, whilst tackling the low investment of existing enterprises in R&I activities.

Geo coverage
Report year
2017
Official publication date
Friday, 23 March, 2018
National expert name
Marios Demetriades
Last update: 19/12/2018 | Top | Legal notice | Contact | Search