Examples of Projects
Digital Upgrade Scheme for Businesses

Policy Objective 1
A more Competitive and Smarter Europe
Programme Priority
Competitive, Smart and Digital Economy
Specific Objective
Digitalization

EU Fund
ERDF







Project Budget
€20M
Implementation Period
11/2022 - 12/2027
Pan-Cypriot
Implementing Body
Ministry of Energy, Commerce and Industry (MECI)
22867284, 22867282, 22867149, 22867151, 22867247
erousou@meci.gov.cy
Audiovisual Content
Short Description/Objective
The Scheme aims to encourage investment in digital entrepreneurship and strengthen the digital technology integration in enterprises.
Existing Small and Medium-sized Enterprises (SMEs) that implement digital upgrade costs (including e-commerce) participate in the Scheme, as well as new SMEs of which their investing proposal necessarily includes e-commerce/shop and/or implementation of advanced digital technologies.
The Scheme subsidies costs, such as required equipment for the digital upgrade, “off the shell” software, specialised software, systems, IT programmes and services, as well as other costs of digital upgrade that are not immediately related with the information systems.
Planning of Calls
The total available budget of the Scheme is €30 million and will be allocated through three Calls for Proposals.
The first and third Call for Proposals of the Scheme will be co-funded through the Cohesion Policy Programme “THALIA 2021-2027”, with a total budget of €20 million.
The first Call was launched on November 8, 2022. Interest was so great that the budget was exhausted on the same day.
The third Call was launched on May 20, 2025. Interest was also so great that the budget was exhausted on the same day.
Regarding the second Call, with a budget of €10 million, it was co-funded by the National Recovery and Resilience Plan during the period March 7, 2023 – March 31, 2023.
Expected Benefits/Outcomes
The Scheme is expected to bring:
- Increase in the number of SMEs which use information and communication technologies, including the e-commerce sector
- Creation of new opportunities for enterprises through digital transformation and the use of advanced digital technologies.
