Cyprus Digital Innovation Hub (DIH)

CYRIC is the coordinator of the Cyprus Digital Innovation Hub. It is a regional network of research, innovation, business and industry organisations, utilizing state of the art infrastructure, in order to bring the fourth digital revolution in Cyprus by offering cutting-edge digital technology innovations and services to the manufacturing industry.

The Vision

The vision of Cyprus DIH is to bring the Fourth Digital Revolution in Cyprus by developing cutting-edge Digital Technology Innovations and helping Cypriot Enterprises adopt and benefit from them. Cyprus’ economy is dominated by the service sector (84.5% of Gross Value Added) and has limited manufacturing and heavy industry sectors. Furthermore, the location of Cyprus in relation to other EU countries has further disincentivised local enterprises to enhance production capacity and modernise infrastructures. However, a major paradigm shift for Industry Digitization is emerging across EU and in Cyprus enabled from the combination of two distinct forces. On one hand the recent major financial crisis in Cyprus has raised the alarm on the need for GDP diversification and over reliance on Services sector is exceedingly risky. On the other hand, EU-wide policy makers and private sectors have aligned in an effort to bring back manufacturing capacity in Europe from Asia. Both forces are slowly making a dent in Cyprus, hence Cyprus DIH vision is to facilitate and accelerate this shift towards the Fourth Digital Revolution by aligning the regional stakeholders, industry and innovators. Given that Cyprus as an EU country is a single NUTS3 region, the vision is to establish a Nationwide DIH that brings together the necessary critical mass for having a significant impact to S3CY priority sectors.

Coordinator

  • CYRIC Cyprus Research and Innovation Center

CyRIC is a private Business Innovation Center (EU-BIC) operating nationwide, certified by European BIC Network (EBN) and is a fully operational DIH offering digitization services to the industry including Startups, SMEs and large companies. It is comprised of :

  • A certified EU-BIC Digitizing Service Center
  • Research & Technology Center
  • Gravity Ventures Incubator

Research & Technology organizations

  • InSPRIRE, UCLAN University
  • Eratosthenis Research Centre, Cyprus University of Technology CUT
  • RISE Research Centre on Interactive media, Smart systems and Emerging, Municipality of Nicosia

Universities

  • Frederick University

Private investors

  • CyBAN Cyprus Business Angels Association

Chamber of Commerce

  • CCCI Cyprus Chamber of Commerce and Industry

Industry Associations

  • CARIE Cyprus Association of Research and Innovation Enterprises
  • StartUp Cyprus Association

National Government

  • Digital Champion, Ministry of Energy, Commerce, Industry and Tourism MECIT