RISE research center launched in Nicosia’s old town targeting innovation

A launch ceremony for the Research center on Interactive media, Smart systems and Emerging technologies (RISE) was held on Wednesday morning in the old part of Nicosia, with participants underlining the potential for Cyprus to become a regional knowledge center. Others said the center would also rejuvenate a deprived area, very close to the buffer zone.

RISE is a joint venture between the three public universities of Cyprus (University of Cyprus, Cyprus University of Technology, Open University of Cyprus), the Municipality of Nicosia, and two international partners, the Max Planck Institute for Informatics (Germany) and University College London (UK).

Addressing the event, President of Cyprus Nicos Anastasiades referred to the goal of increasing investments for research to 1.5% of GDP in the future.

He also expressed content that Cyprus managed to secure funding for two research centers, the other one being the University of Cyprus’ KIOS research center. Apart from Euros 15 mln in EU funding, RISE will receive the same amount of funding from the government in 15 years’ time and the same applies to KIOS, the President said, noting a 2015 Cabinet decision.

This will provide both centers with the opportunity to attract investments and upgrade Cyprus’ prospects for innovative research and entrepreneurship, the President concluded.

Mayor of Nicosia Constantinos Yiorkadjis said RISE underlines the role of local societies in promoting knowledge. He added that the project aims to promote scientific research over politics, create the potential to bring the creative startups and the business community of the island together, when circumstances allow, and to rejuvenate a deprived area in the heart of the old city.

Robert-Jan Smits, the European Commission’s Director General for Research and Innovation, said the Commission was proud to invest in this project, selected among hundreds of proposals on the basis of two criteria, efficiency and excellence.

RISE Scientific Coordinator, Associate Professor Yiorgos Chrysanthou said the initial team will be formed by academics from the partner institutions, and the aim is to have 120 people in a few years, helping thus the fight of unemployment and preventing brain drain.

Rectors of the University of Cyprus, Cyprus University of Technology, and representatives of the Open University Cyprus, University College London and Max Planck, also addressed the event.

The center will be hosted in the building of the old municipal market, in the old part of Nicosia, close to the buffer zone dividing the island’s capital since the 1974 Turkish invasion.

Source: Cyprus News Agency

RISE research center launched in Nicosia’s old town targeting innovation

A launch ceremony for the Research center on Interactive media, Smart systems and Emerging technologies (RISE) was held on Wednesday morning in the old part of Nicosia, with participants underlining the potential for Cyprus to become a regional knowledge center. Others said the center would also rejuvenate a deprived area, very close to the buffer zone.

RISE is a joint venture between the three public universities of Cyprus (University of Cyprus, Cyprus University of Technology, Open University of Cyprus), the Municipality of Nicosia, and two international partners, the Max Planck Institute for Informatics (Germany) and University College London (UK).

Addressing the event, President of Cyprus Nicos Anastasiades referred to the goal of increasing investments for research to 1.5% of GDP in the future.

He also expressed content that Cyprus managed to secure funding for two research centers, the other one being the University of Cyprus’ KIOS research center. Apart from Euros 15 mln in EU funding, RISE will receive the same amount of funding from the government in 15 years’ time and the same applies to KIOS, the President said, noting a 2015 Cabinet decision.

This will provide both centers with the opportunity to attract investments and upgrade Cyprus’ prospects for innovative research and entrepreneurship, the President concluded.

Mayor of Nicosia Constantinos Yiorkadjis said RISE underlines the role of local societies in promoting knowledge. He added that the project aims to promote scientific research over politics, create the potential to bring the creative startups and the business community of the island together, when circumstances allow, and to rejuvenate a deprived area in the heart of the old city.

Robert-Jan Smits, the European Commission’s Director General for Research and Innovation, said the Commission was proud to invest in this project, selected among hundreds of proposals on the basis of two criteria, efficiency and excellence.

RISE Scientific Coordinator, Associate Professor Yiorgos Chrysanthou said the initial team will be formed by academics from the partner institutions, and the aim is to have 120 people in a few years, helping thus the fight of unemployment and preventing brain drain.

Rectors of the University of Cyprus, Cyprus University of Technology, and representatives of the Open University Cyprus, University College London and Max Planck, also addressed the event.

The center will be hosted in the building of the old municipal market, in the old part of Nicosia, close to the buffer zone dividing the island’s capital since the 1974 Turkish invasion.

Source: Cyprus News Agency