€1.2 million programme to help Cyprus startups

The Research and Innovation Foundation (RIF) on Monday announced the launch of its new pre-seed programme, with a total budget of €1.2 million, which aims to boost Cyprus’ startup ecosystem.

According to the foundation, the “pre-deed programme is designed to accelerate the growth of startups by providing funding for various early-stage activities”.

These, the announcement continued, include initial operational costs, staff recruitment, prototype development, business plan formulation...