The most important milestones in the story of the Foundation are:
Following an initiative by the Government of Cyprus, the Research Promotion Foundation (RPF) is established.
The first Program for Research Project Funding in Cyprus is announced, with a budget of CYP 240,000.
Cyprus participates as full member in the EU’s 5th Framework Program.
Cyprus becomes a full member of COST programme.
Special programs for young researchers – “PENEK” Program – as well as programs of cooperation with Greece – Cyprus and Greece bilateral agreement – are announced for the first time.
For the first time in Cyprus, a multi-annual framework program with multiple goals and uniform participation rules is published by the RPF, called “DESMI Programs for Research and Technological Development” – “DESMI RPF 2002-2005” – with a budget of CYP 11,650,000.
The Foundation outlines its first innovation strategy, entitled “Regional Innovation Strategy for Cyprus”.
The program “DESMI for Research, Technological Development and Innovation” of RPF for the period 2008-2010 is announced, with a budget of EUR 120 million, also comprising resources from the EU Structural Funds for the first time.
The Foundation coordinates the drawing up of the Smart Specialization Strategy for Cyprus, which is approved by the Council of Ministers.
The “RESTART 2016-2020” Program is published, with a total budget of EUR 98 million, and the RPF’s electronic platform IRIS is launched.
The Council of Ministers resolves to restructure the Research, Technological Development and Innovation System of Cyprus, which results to the establishment of the National Research and Innovation Council and the appointment of the Chief Scientist.
The Foundation is renamed as Research and Innovation Foundation – RIF.
The Deputy Ministry of Research, Innovation and Digital Policy is established.