The 2nd Call for proposal submission for the Subsidy Scheme for the Digital Upgrade of Businesses was moved earlier, to January 2023, due to the huge interest for the 1st Call which took place on November 8th 2022.
The budget of the 2nd Call for proposals will amount to € 10 million with the possibility of submitting proposals for €14 million, so that if savings occur the runner-up proposals will have the opportunity to benefit. The funding will come from the Cyprus Recovery and Resilience Plan.
We can help you analyse and evaluate your needs and determine and implement the optimal solution based on the parameters of the Subsidy Scheme.
For detailed information, based on the most recent Call for proposal submission which took place on November 8th 2022, please visit the Greek Section of our website or click, here, for more information for the Subsidy Scheme for the Digital Upgrade of Businesses.
Also, you can see the full announcement for the January 2023 Call for proposals on the website of the Ministry of Energy, Commerce and Industry by clicking, here.
According to the relevant announcement by the Ministry, for the 1st Call for proposals, for which the commencement of application submission started on November 8, 2022 at 9:00 in the morning and ended a few hours later due to the exhaustion of the available budget of € 10 million:
• 365 applications were submitted, from existing and new businesses.
• The average investment amounted to € 55,000 with a subsidy intensity of 50%