ΘΑλΕΙΑ 2021-2027

Examples of Projects

Scheme for Businesses Digital Upgrade

Μια-Ευρώπη-πιο-Έξυπνη
Policy Objective 1

A more Competitive and Smarter Europe

Programme Priority

Competitive, Smart & Digital Economy

Specific Objective

Digitalization

Project Budget

€30M

60%
EU Contribution

Implementation Period
8/11/2022-31/12/2027

Pan-Cypriot

Implementing Body
Ministry of Energy, Commerce and Industry (MECI)

22867284, 22867282, 22867149, 22867151, 22867247

erousou@meci.gov.cy

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 available budget of the Scheme (€30 mil.) is planned to be launched via three Calls of Proposals.

The first Call, with a budget of €10 mil., co-funded by the Cohesion Policy Programme “THALIA 2021-2027”, was launched on November 8, 2022. It is noted that the interest was so great that the budget exhausted on the same day.

The second Call, with a budget of €10 mil, co-funded by the National Recovery and Resilience Plan, was launched during the period March 7, 2023 – March 31, 2023.

The third Call, with a budget of €10 mil, is planned to be launched on June, 2024 and it will be co-funded by the Cohesion Policy Programme “THALIA 2021-2027”.

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.
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