DISRUPT PROGRAMME - Enhancing the competitiveness and resilience of the Cypriot economy
The "DISRUPT" Programme aims to connect enterprises that develop cutting-edge innovations with the potential to create new or disrupt existing markets with Venture Capitalists who will support their further development and scale-up in international markets. The RIF funding - grant will be combined with VC investment through the Program, with the goal of assisting beneficiaries in successfully entering international markets, thereby increasing the competitiveness and resilience of the Cypriot economy.
The present Call will be financed by the Recovery and Resilience Facility of the NextGenerationEU instrument, in the frame of the action C3.212 “Innovation Funding Programmes and Funding Schemes for the Enhancement of Growth and Competitiveness of start-ups, innovative companies and SMEs” of the Cyprus Recovery and Resilience Plan. The Action is implemented under Policy Axis 3: “Strengthening the Resilience and Competitiveness of the Economy”, and specifically Component 3.2 “Enhanced Research and Innovation”.
Proposals are submitted through the Research and Innovation Foundation’s IRIS Portal.
1st Deadline: 23 March 2023, 13:00 - Call Budget €5 M.
2nd Deadline: 1 June 2023, 13:00 - Call Budget €5 M plus any unused budget from the 1st Deadline, based on the announced results of the 2nd Evaluation Stage of the 1st Deadline.
3rd Deadline: 1 December 2023, 13:00 - with any unused budget from the total €10 M based on the announced results of the 2nd Evaluation Stage of the 2nd Deadline. In case of budget exhaustion in the 2nd Deadline, the RIF will consider the possibility to allocate additional budget for the 3rd Deadline.
To learn more about the program, the eligibility criteria, the beneficiaries, and the evaluation criteria download the relevant flyer below.
Click to download
© 2025 Deloitte Limited
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. The information contained in this press release is correct at the time of going to press.
About Deloitte Cyprus:
Deloitte & Touche (M.E.) (DME) is an affiliated sublicensed partnership of Deloitte NSE LLP with no legal ownership to DTTL. Deloitte North South Europe LLP (NSE) is a licensed member of Deloitte Tohmatsu Limited.
Deloitte Limited is the sub-licensed affiliate of Deloitte NSE for Cyprus. Deloitte Limited is among the leading professional services firms in Cyprus, providing audit and assurance, consulting, financial advisory, risk advisory, tax and related services, as well as a complete range of services to businesses operating from Cyprus. For more information, please visit the Deloitte Cyprus’s website at www.deloitte.com/cy.
Deloitte Limited is a private limited liability company registered in Cyprus (Reg. No. 162812).
Offices: Nicosia, Limassol
About Deloitte:
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organisation”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides leading professional services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets and enable clients to transform and thrive. Building on its 180-year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people make an impact that matters at www.deloitte.com.
Press contact(s):
Michelle Karaolides
Senior Manager | Growth - Brand, Communication & Marketing
Deloitte Limited
Tel: +357 22 360 726
mkaraolides@deloitte.com
Lena Machlouzarides
Assistant Manager | Growth - Brand, Communications & Marketing
Deloitte Limited
Tel: +357 22 360 597
lmachlouzarides@deloitte.com