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- Ελληνικά
Cyprus maintains its position as a Strong Innovator in the European Innovation Scoreboard for the 3rd consecutive year. Our country is ranked 10th among the European Union (EU) Member States, achieving a performance of 106.3% of the European average and, at the same time, the highest increase across Europe (39%) compared to 2017. It is worth noting that Cyprus has recorded an increase this year in 15 of the 32 indicators assessed by the Report, and over time, from 2017 to date, in a total of 28 indicators.
Cyprus is characterized as a Top Performer in the category "Linkages", which refers to the collaborations of innovative companies with each other or with other institutions, to publications as a result of collaboration between the public and private sectors, and to the mobility of human resources in the fields of science and technology.
Cyprus is characterized as a Top Performer in the category "Linkages", which refers to the collaborations of innovative companies with each other or with other institutions, to publications as a result of collaboration between the public and private sectors, and to the mobility of human resources in the fields of science and technology.
Cyprus also ranks high in the category "Attractive research systems", which takes into account international scientific publications by the country's research universities, the most highly cited publications and the percentage of foreign doctoral students.
Our country also performs well in terms of applications for trademarks (commercial or industrial), innovation in enterprises - whether it concerns products or business processes -, employment in innovative enterprises, and broader engagement in knowledge-intensive activities. Factors related to the digital transformation of the country such as fast connectivity and the investment of ICT companies in training their human resources are also identified as strengths.
At the same time, the results show room for improvement for further strengthening and exploiting the dynamics that the Cypriot ecosystem has developed, in indicators such as broader investment in research and innovation (R&I), the attraction of private venture capital investments in innovative enterprises, the export of technology and innovation, and the development of new business models.
At the same time, the results show room for improvement for further strengthening and exploiting the dynamics that the Cypriot ecosystem has developed, in indicators such as broader investment in research and innovation (R&I), the attraction of private venture capital investments in innovative enterprises, the export of technology and innovation, and the development of new business models. Among other things, the State provides institutional funding to research institutions and centres of excellence, while through the Research and Innovation Foundation, academic and research institutions, businesses of all sizes and researchers have access to a wide range of financial instruments as well as innovation and knowledge transfer support services. At the same time, tax incentives encourage expenditure and investment in Research & Innovation (R&I), while the operation of the Cyprus Capital Financing Fund and the new National Development Agency are expected to contribute significantly to addressing the funding gaps identified in relation to SMEs and start-ups.
According to the Deputy Minister of Research, Innovation and Digital Policy, Dr Nicodemus Damianou, "the evolution over time and the impressive performance of our country's research and innovation ecosystem, in relation to its size, validate the effectiveness of government policies and their implementation measures, and underline the dynamics of the Cypriot ecosystem, which I would like to warmly congratulate. Our aim is to build on this momentum and create even more favourable conditions and opportunities for our country's scientists and entrepreneurs to innovate, while ensuring, through the new impact assessment mechanism that we will formulate, that R&D spending is returned in benefit and value to the society and economy of the country. We must, and we will, evaluate in depth, with due seriousness and attention, the current results and look behind the numbers at all those elements and issues that need improvement to make sure that we remain on a meaningful trajectory of improvement."
(EAT/NZ)
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