- 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 | The Cyprus Institute |
| LOCAL (provincial, regional, municipal or equivalent territorial reality) | |
B) For each MEASURE ( to repeat for each measure)
| Name/Title: Anixi Antonakoudi | |||
| Name of responsible organization: The Cyprus Institute | |||
| Website: https://www.cyi.ac.cy/ | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2005 | End year | ongoing |
| The Cyprus Institute (CyI) is a world-class, non-profit research and educational institution with a strong scientific and technological orientation. It is a regional Center of Excellence, addressing issues of regional interest but of global significance, with an emphasis on cross-disciplinary research and international collaborations. CyI is being developed as an international science and technology organization to strengthen the research community of Cyprus and to help transform its economy to a knowledge-based economy. | |||
- 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) | Yes energy, environment, nanomaterials, SDG challenges, AI, health |
| Training activities | No |
| 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 | 90k |
| % 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 | |
| Only Financial support | YES |
- 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 | Total economic amount 90k |
