One of the main goals of RIF is to promote and support the actions of raising awareness of the society in Cyprus on the importance of research and innovation to the advancement of society as well as their contribution to economic growth and improving the quality of life of the citizens. At the same time, RIF promotes and supports nurturing a culture of research and innovation in young people and generating new/better paid jobs.
The Cyprus Employers & Industrialists Federation (OEB) has established since 2006 the “CYPRUS INNOVATION AWARD”. The Award is granted to either companies/organizations/services or other entities of the wider public sector, which prove to be successful in the implementation of innovative ideas/practices.
Under the general title: “Cyprus Innovation Award”, four individual awards are granted depending on the sector of activity, as follows:
- Innovation Award for the Primary Sector
- Innovation Award for the Manufacturing Sector
- Innovation Award for the Services Sector
- Innovation Award for the Public Sector
The “Cyprus Innovation Award” is supported by the Republic of Cyprus and has been placed under the auspices of the Minister of Energy Commerce & Industry. It is also actively supported by the Ministry of Energy, Commerce & Industry and the Research and Innovation Foundation.
In terms of eligibility, legal persons (company, cooperative, other legal entity), as well as other public sector agencies / organizations operating in Cyprus can participate if they can prove that they have been innovative and successful in the implementation of their innovation.