Funding ProgrammesAll you need to know about each Funding program

For each of the Subsidy Scheme below a new call for proposals/ applications is expected during the following period.

In order to create the conditions necessary for the utilization of the Scheme that meets your needs it is important to start preparing early, as your idea should be evaluated and shaped accordingly, information within the context of the proposal/ business plan to be prepared needs to be collected and analyzed, and quotations as well as other documentation material must be gathered according to the requirements of each specific Scheme.

In order for us to assist you determine whether you are eligible for the Scheme of your interest and help you prepare timely, you can complete the “Eligibility Check” form or “Contact Us" or by phone at 70005054.

Information on Expected Subsidy Schemes, below, is based on the most recent Call for Proposal Submission for the specific Scheme. Please note that changes may occur between Calls. Information for the new Call will be posted in the section Subsidy Schemes.


Below you can see information on the Programme based on the previous, latest Call, RESTART 2016-2020: CREATION AND INITIAL DEVELOPMENT OF STARTUPs WITH INTERNATIONAL ORIENTATION PRE-SEED/0823. It is noted that there may be variations in parameters between Calls.

Based on the planning of the RIF, the new Call is expected to be in the second half of 2024.

According to the Updated RESTART 2016-2020 Work Programme May 22- December 24 (Greek), attached below, there will be a Call for Proposals with a budget of €1.200.000 which is expected to be announced in June 2024.

We can help you analyse and evaluate your needs and define and implement the optimal solution based on the parameters of the programme.

Click, here, to book a Telephone Appointment for free assessment of your Eligibility and Needs, so as to prepare in a timely manner and/ or contact us for support for proposal preparation and submission.


The Research and Innovation Foundation (RIF) announces the Call for Proposals for the «Creation and Initial Development of Startups with International Orientation (PRE-SEED)» Programme within the framework of the «RESTART 2016-2020» Programmes for Research, Technological Development and Innovation (RTDI) and invites potential beneficiaries to submit relevant Project Proposals (Proposals).

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 startups, 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 the Component 3.2 «Enhanced Research and Innovation».


Programme Creation and Initial Development of STARTUPs with International Orientation
Call Identifier PRE-SEED/0823
Funding Source EU Recovery and Resilience Facility
Call Budget 1.200.000 Euro
Maximun Funding Per Project 119.999 Euro
Publication Date 10 August 2023

03 November 2023, time 13.00

The English version of the Call, even though an official translation endorsed by the Research and Innovation Foundation, is provided for information purposes only. Only the Greek version of the Call is legally binding and shall prevail in case of any divergence in interpretation.

The objective of the «Creation and Initial Development of Startups with International Orientation (PRE-SEED)» Programme is to support the creation and initial development of innovative Startups which aim to develop innovative products and services with global market penetration prospects.

The Programme aims to support startups which are in the stage of developing their business idea and/or they are at the early stages of their product or service development.

Products/services are expected to have a high level of innovation and differentiation, in comparison to existing or competitive solutions and will address certain needs and/or improve the experience and quality of life of users. Enterprises should have reliable and justified plans for the penetration into the international markets.

Enterprises which demonstrate the financial/commercial and technological feasibility of their innovation and potentially could be viable and profitable, will be supported. The support to products/services which have the ability to create new and/or disrupt existing markets is highly desirable.

The team members of the startups are expected to have the appropriate and complementary technical, scientific and business knowledge and skills and to demonstrate their commitment to the operation and development of the company and the implementation of the proposed plan.

It is clarified that for the purposes of the Programme, Startups are considered companies with a technological orientation and potential for high growth, which are established with the aim of developing a product/service that the founders of the company seek to make available to the international market. Through the Programme, the RIF provides the incentive to the founding teams of the startups to focus on the companies’ activities to explore, evaluate and develop the innovative business idea, create an initial product / service and conduct preliminary efforts towards the commercialization of the product / service.

Funding is expected to cover, amongst others, the initial stages of the operation of the company, the recruitment of personnel in a way to strengthen the capabilities of the founding team, the development of a prototype, the preparation of market research, the identification of the appropriate business model, the preparation of a business plan, the related activities of the group to secure the intellectual property, investors search, etc.

Research Organisations, Enterprises, Other Private Sector Organisations

The Host Organisation (HO) of a project must be a Startup company, as specified in the Chapter 1.2, Section III, of the RESTART 2016-2020 Work Programme.

It is noted that if a proposal is submitted by a group of natural persons, the registration of the company should be completed until the signing of the Contract.

The HO should allocate to the Project staff effort corresponding to 1,25 Full Time Equivalent (FTE) at a minimum, which is defined according to the data submitted in Part – A of the Proposal.

For the Host Organisation, Startups Activities are allowed which indicatively can be the following:

  • Prototype Development.
  • Market Research.
  • Identification of the appropriate Business Model.
  • Business Plan.
  • Obtaining, validating and defending patents and other intangible assets.
  • Obtaining consulting, legal or accounting services.
  • Marketing/branding activities.
  • Seeking of partners and investors.

For Partner Organisations, only Experimental Research activities are allowed.

Up to 18 Months

€ 119.999

The maximum aid intensity for Enterprises and Other Private Sector Organisations cannot exceed 85%.

It is noted that, Aid Intensity for Partner Organisations is calculated according to the provisions of Chapter 3.2 of the present Work Programme. For Research Organizations, the aid intensity for Experimental Development activities cannot exceed the aid intensity of the Host Organisation which amounts up to 85%.

All general rules and procedures for the participation of organisations and individuals, the eligible activities and costs, as well as the specific information regarding the Programme «Creation and Initial Development of STARTUPs with International Orientation (PRE-SEED)», as well as the other RESTART 2016-2020 Programmes, are included in the RESTART 2016-2020 Work Programme, which is the main reference document and an important information source for interested parties and can be found on the Research and Innovation Foundation’s IRIS (Innovation Research Information System) Portal (

SPECIFIC CONDITIONS for this call are detailed in the attached Call for Proposals document.

Proposals are submitted through the Research and Innovation Foundation’s IRIS Portal (

The Project Coordinator and all local participating organisations in the Project Consortium, should register in advance on the IRIS Portal.

Potential applicants are advised to use the «Guide for Applicants», which contains guidelines and clarifications regarding the Submission procedure and the «IRIS Portal User Manual» which can be found on the IRIS Portal (

The Research and Innovation Foundation encourages in all its Calls for Proposals:

  • the participation of women as Project Coordinators, and
  • the gender-balanced formation of projects.

The Project Proposal consists of the following parts:

  1. Part A – General Information & Budget (electronic form (fields) to be completed online through the IRIS Portal).
  2. Part B – Technical Annex (document to be uploaded as an Annex on the IRIS Portal in PDF format).
  3. ANNEX I – Curricula Vitae - Mandatory Submission (document to be uploaded as an Annex on the IRIS Portal in PDF format and includes the CVs of the Coordinator and the key personnel of the project team). It is recommended that, CVs are created according to the EUROPASS format and do not exceed 5 pages per person.
  4. ANNEX II – Call Specific Information to be disclosed to the Evaluators – Mandatory Submission (document to be uploaded as an Annex on the IRIS Portal in PDF format and includes the «SMART SPECIALISATION SECTORS (S3Cy 2023-2030)» Table for the selection of the Priority Sector/ of the Smart Specialisation Strategy that the Proposal is applied to (if applicable)). The relevant document is available in IRIS Portal, under the specific Call (Call Documents). The selection is obligatory and should be limited to only one Priority Sector (or «Other» if not applicable). For the present Call the document is submitted for statistical purposes.


Evaluation Procedure
Prior to the evaluation of each Proposal according to the evaluation criteria, the evaluators will check the compatibility of the Proposal with the Programme's objectives and the provisions of the Call for Proposals. If the Proposal is inconsistent with the objectives of the Program, the Evaluator rejects the Proposal and does not proceed with the examination of the evaluation criteria.

The Proposals are evaluated in two Stages:

For the Stage Α of the Evaluation, a Preliminary Check and a Remote Evaluation procedure by two (2) experts, which: (a) are specialists in the proposal topic, and/or (b) have good knowledge of the business environment in the proposal field, will be followed, as specified in the RESTART 2016-2020 Work Programme for the period May 2022-December 2023. It is clarified that, in case where all requested documents are not duly submitted at the Proposal submission, then the Proposal will not be forwarded for scientific evaluation.

Evaluation Criteria/Weighting
1. Excellence - Weight 30%
2. Added Value and Benefit - Weight 35%
3. Implementation - Weight 35%

Proposals that have been deemed eligible for funding following the evaluation procedure, will be selected for funding. It is noted that, the total funding of approved projects, will not exceed the total Call budget.




RESTART-2016-2020-WORK-PROGRAMME-V15 (May 2022 – December 2023)




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