- What are the existing microfinance measures in the country today? (indicate the number of measures)
| TYPE OF MEASURE | MEASURE (indicate the names of the measures) |
| NATIONAL | CYENS Centre of Excellence |
| LOCAL (provincial, regional, municipal or equivalent territorial reality) | |
B) For each MEASURE ( to repeat for each measure)
| Name/Title: a.psaltis@cyens.org.cy | |||
| Name of responsible organization: CYENS Centre of Excellence | |||
| Website: https://www.cyens.org.cy/en-gb/ | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2018 | End year | ongoing |
| CYENS Centre of Excellence (formerly known as RISE) is the Research and Innovation Centre of Excellence in Cyprus focusing on Interactive media, Smart systems and Emerging technologies aiming to empower knowledge and technology transfer in the region. It is a joint venture between the three public universities of Cyprus – University of Cyprus, Cyprus University of Technology, and, Open University of Cyprus- , the Municipality of Nicosia, and two renowned international partners, the Max Planck Institute for Informatics, Germany, and, the University College London, United Kingdom. | |||
- What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | No |
| Training activities | Yes, supporting researchers |
| Other (specify) |
- What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | No |
| Non-repayable grant (indicate the percentage of non-repayable fund) | Yes If Yes, percentage of non-repayable fund: 100% |
| Tax credit | |
| Other (specify) |
- How does the activation of the measure work?
| One-stop means | Yes |
| Call with closing date |
- Financial entity of the measure (indicate the resources allocated)
| Overall amount | |
| % facilitation for each recipient | |
| Minimum amount that can be financed | |
| Maximum amount that can be financed | n/a |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | European,other |
- Type of funded social structure (indicate if belonging to a specific category is required in order to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
- Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | Yes |
| Only Financial support |
- Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | |
| NO |
C) How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives 60 | Total economic amount |
