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Cyprus News Agency: News in English, 07-04-16

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>




    Cyprus is characterised by a highly educated work force and it needs to create high value jobs that match the high qualifications, EU Commissioner for Regional Policy Danuta Hubner said during a conference on Structural Funds 2007- 2013: Opportunities for Small and medium-sized Enterprises held in Limassol.

    Many Cypriot researchers and innovators are today working abroad, because the opportunities in the country are limited, she noted adding that that is why in the programming period 2007-13, we will target investment at centres of excellence, like the new Limassol University of Technology.

    Hubner who is paying a visit to Cyprus where she is inspecting projects which have received EU funding, said this should allow for the creation of spin offs in the form of companies able and willing to exploit commercially the research results. ``For this to happen, we must also foster a spirit of risk-taking in companies by providing subsidies, soft loans or technical support in areas such as the protection of patents, Hubner noted.

    As regards Small and medium-sized Enterprises (SMEs), she said that in the future programmes, regions can choose to provide specific support so that SMEs themselves can invest in research and development. But support can also be provided to promote technology transfer.

    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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