Incentives to encourage R&D activity and promote new ventures soon, Research Deputy Minister says

Research, Innovation and Digital Policy Deputy Minister Kyriacos Kokkinos has said that very soon incentives will be announced in regulatory taxation and immigration policies aiming to enhance digital fitness across industry and society and tools to facilitate access to funding, encourage R&D activity, advance digital transformation of businesses and promote the development of new ventures.

In an address at the Cyprus IT Forum 2021, in Limassol, delivered by Chief Scientist Nikolas Mastroyiannopoulos on his behalf, Kokkinos said that “in the aftermath of COVID-19 Cyprus competitiveness sustainability and prosperity strongly depend on our capacity to develop and advance our posture as a regional tech and innovation hub.”

Our country, he noted, has unique strengths such as human capital, geostrategic location, business friendly environment that can be further

Source: Cyprus News Agency