Cypriot Companies Can Count On €7.5 Billion Thanks To Digital Europe Program

Кипрские компании могут рассчитывать на 7,5 млрд евро от ЕС за участие в программе «Цифровая Европа»
7 June 2021 DOM LiVE

Thanks to the Digital Europe program, Cypriot companies can count on subsidies of €7.5 billion from the European Commission.

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos noted that the participation of local entrepreneurs in the scheme is expected to be very dynamic. By the way, a large number of projects are already under consideration.

Kokkinos mentioned that the program is aimed at increasing the competitiveness of the EU and providing its citizens with all the skills and infrastructure to apply the latest technologies. Digital transformation is spreading across all areas, from transport, energy, agriculture to healthcare and culture.

Kokkinos expressed confidence that Cypriot companies have great potential to achieve excellent results in the Digital Europe concept.

The Government of Cyprus is committed to doing everything possible to ensure that projects submitted by local companies receive grants for their implementation. I believe that they are, both quantitatively and qualitatively, very competitive. We plan to submit the first applications to the EU in September, - said Kokkinos.

Кипрские компании могут рассчитывать на 7,5 млрд евро от ЕС за участие в программе «Цифровая Европа»

It is worth noting that, according to the conditions, projects in five fields can count on funding:

  • supercomputers (€2.2 billion),
  • artificial intelligence (€2.1 billion),
  • cybersecurity (€1.7 billion),
  • advanced digital skills (€577 million)
  • ensuring the widespread use of digital technologies in the economy and society (€1 billion).

The latter field includes encouraging small and medium-sized enterprises, as well as government agencies, with the aim of widespread and effective use of digital technologies.

The Digital Europe program will complement a number of other programs supporting digital transformation, such as Horizon Europe, which focuses on research and technological development, as well as the digital aspects of the Connecting Europe mechanism.
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