Scheme for the Digital Upgrade of Enterprises
Summary
THALIA: Foundations of Change, Prosperity, Equality and Development
Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.
The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.
Programme Name
Programme Description
THALIA: Foundations of Change, Prosperity, Equality and Development
Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.
The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.
Call
Detailed Call Description
The Scheme is adjusted and will be implemented under Regulation (EC) No. 1407/2013 of the Commission of 18 December 2013 based on Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid.
Beneficiaries:
A. Existing SMEs that will invest in implementing digital upgrade technologies (including e- commerce). B. New SMEs whose investment proposal will concern e-commerce /e-shop and/or application of advanced digital technologies.
The following activities are not eligible for the purpose of the Scheme:
- Business activities related to primary production, processing and marketing of agricultural products as listed in Annex I of the Treaty on European Union.
- Activities related to fisheries and aquaculture.
- The minimum proposed investment (eligible costs) is set to €5.000.
- The grant is given as a percentage on the entire eligible investment (50%) with a maximum grant of € 50.000 per enterprise.
- In the case of businesses that are established or will be established in mountainous and disadvantaged areas, the grant is given as a percentage on the entire eligible investment (60%) with a maximum grant of €60.000 per enterprise.
- The total amount of de minimis aid granted to a single undertaking shall not exceed €200.000 over any period of three (3) fiscal years.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
Eligibility For Participation Notes
New or existing Small-Medium Enterprises.
Programme Category
Co-Financed ProgrammesTotal Budget
€10 millionThematic Categories
- Industry
- Information Technology
- Other Services
- Research, Technological Development and Innovation
- Small-Medium Enterprises and Competitiveness
Eligibility for Participation
- Small and Medium Enterprises (SMEs)
Call Opening Date
08/11/2022Call Closing Date
08/11/2022National Contact Point(s)
Industry & Technology Service
Ministry of Energy, Commerce and Industry
Contact persons:
Emmanuela Katsi, Commerce and Industry Officer
Contact Phone: +357 22867284
Email: ekatsi@meci.gov.cy
Elena Demosthenous, Commerce and Industry Officer
Contact Phone.: +357 22867282
Email: edemosthenous@meci.gov.cy
(Publish Date: 05/10/2022-for internal use only)