AGP Executive Report
Last update: 5 hours agoCyprus Deep-Tech & Innovation: Cyprus’ deep-tech ecosystem has topped 150 start-ups, backed by nearly €1bn in competitive research and innovation funding, as the DeepTech CY Meetup highlighted how university research is moving toward commercial companies. EU Funding for Start-ups: RIF has expanded its use of EU state-aid provisions from 3 to 10 under GBER rules, aiming to speed up and broaden research and innovation support. Innovation Tools for Investors: CITEA and Invest Cyprus signed an MoU to connect international investors with local tech firms, with a focus on AI and digital transformation. AI & Memory Supply: CITEA is pushing for a European RAM Index to track memory prices and dependencies as AI demand strains DRAM/SSD supply. Healthcare Tech Milestone: Cyprumed says MSD has started a Phase I trial for an oral peptide candidate using Cyprumed’s delivery technology. Marine Restoration: Cyprus hosted the MEDCONNECT launch, an EU-backed €3.5m project testing 15 solutions to restore Mediterranean marine and coastal ecosystems. Governance & Safety: The auditor-general warned of serious public-school safety risks from air conditioners installed without proper electrical checks and approvals. Tourism Strategy: STEK urged Cyprus to use AI to shift tourism toward higher value, better coordination, and longer seasons.
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