EU Funding

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Cyprus Support Schemes

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https://fundingapps.mcit.gov.cy/AriadniPSKE/

A co-financing action that will support existing and new Small and Medium-sized Enterprises (SMEs)

is expected to be launched. The aim of this action is to support SMEs in all sectors to upgrade and
improve their competitive position in the internal and external markets, by investing in their
technological modernization to enhance their competitiveness.

BENEFICIARIES
The action will support existing and new SMEs as defined in Commission’s Recommendation
2003/361/EC, which prior to the date of the on-line submission of the financing proposal:
• employ no more than 250 Annual Work Units (One annual work unit, corresponds to the work
performed by one employee on a full-time basis) or the annual turnover or the annual balance
sheet total does not exceed EUR 50 million,
• operate legally with the proper operating license in accordance with the applicable law. In
case the license has not been issued or has expired, it is necessary to present the relevant
application for its issue / renewal,
• can cover the required own subsidy as defined by the program guide. To cover the required
own subsidy, the potential beneficiary may use own financial resources (own contribution)
and / or a bank loan,
• are not “companies in difficulties” and are not bankrupt, liquidated or forced to manage,
• the total amount of support under the De-minimis rule previously received by the given
enterprise (as a whole), including support from this Action, does not exceed EUR 200,000 over
the past three years (De-minimis Rule).

BUDGET AND SUBSIDIES
The budget for each project may range from EUR 5,000 to EUR 40,000. The subsidy rate will be 50%. (Up to 50,000 EUR Subsidy for Agriculture and some other Sectors).

ELIGIBLE EXPENDITURE
The Action will be a financing tool for the modernization of small and medium-sized
enterprises (SMEs). In particular, the following categories of expenditure will be financed:

A) Hardware

1. Servers for hosting application software for the purposes of the investment. This
expenditure may include accompanying items such as keyboards, screens, etc.

2. Wired and / or Wireless Networking & Wiring Equipment Expenses including Routers, WiFi infrastructure, etc

3. Computers (Desktop and / or Laptop).
4. Office equipment (projectors, scanners, printers, etc.).
5. Other technological equipment related to the SME activities (portable terminals, electronic
boards).
Ιt is noted that eligible expenses are related to the supply, transportation, installation and
operation of new equipment necessary for the operation of the SME and the provision of the
services provided under the following conditions:
• The equipment supplied must be a new one.
• The costs are consistent with the SME’s capacity.

B) Software
1. Office applications, antivirus, etc.
2. Website Development / Upgrade.
3. E-shop development and management services.
4. Software that support production optimization and/or business processes.
5. Customized ERP / CRM programs.
6. Specialized software related to the SME activity.
7. Software for electronic invoicing.

Eligible costs are software procurement costs under the following terms:
• The software provided must be a new one and the SME must become the legal owner under
a license of use.
• The provision of support services is eligible until the date of completion of the investment
plan.
• The cost of software / application customization and the training in its use is eligible as an
expense up to 40% of the software / application purchase cost. Please note that training costs
will be eligible only when they are included on the supplier’s invoice.
“Software as a Service”, “cloud computing” or other similar services are eligible. In case it is
available on a pay-as-you-go basis, the eligible expenditure can only cover the period of
implementation of the investment plan.

• The software supplied must be in line with the company’s capacity.
The software development made by the beneficiary’s own means (self-production software) is not
eligible.

C) Services
Eligible are the services covering the following areas:

1. Hosting (hosting, collocation etc).
2. Connection to the Internet.
3. Digital marketing services (google ads, Facebook ads).
4. Services for the development of digital advertising material.
5. Translation services of the content of the online store.
6. Development and / or certification of digital security policy.
7. Recording, transformation and data transfer services.

Eligible is any form of service provided by third parties relating to the above during the
project’s implementation period.
PROJECT IMPLEMENTATION
The duration of the investment plan is set up to 36 months from the date of the adoption of
the accession decision. All eligible payments shall be made before the 12th month from the date that the contract was signed.

PROPOSAL SUBMISSION
Proposals are expected to be submitted at the end of July or in September 2019, and service will follow a sequence of
priorities.

DC-GAP gives all the important assistance to new and existing organisations with Specialised Consultants on explicit issues concerning Funding from European and neighbourhood Programs. Experienced work force distinguish reasonable Funding Programs, Complete the important Applications and do the usage of techno-monetary investigations of feasibility and gainfulness. Particularly “Inventive”, “Green/Blue” and Agricultural Business thoughts may have extraordinary treatment, direction and consideration by our master specialists with the goal that endorsement and financing chances are expanded.

DC-GAP embraces to help and for all intents and purposes control every client so as to oversee, break down with Artificial Intelligence stage and rearrange his business with the certified and concentrated Business Consultants and through its own business experience and exercises.

Through this administration each client will most likely have a sense of security and consoled realizing that he has a certified, master and concentrated Business Consultant close by, somebody he can go to for “counsel” and whatever else that worries him with respect to his business at any minute.

DC-GAP business Coach is in a situation to control every client regarding how to lead his business into a benefit making one, how to diminish operational costs, how to build deals, how to back it effectively, how to advance it in the nearby market and abroad, how to wind up focused, how to succeed!

DC-GAP is a high innovation organisation represented considerable authority in Big Data Analytics, is dynamic in information creation and the executives and has made a part of experience and ability in:

Business Analysis: comprehension of business objectives in high focused segments, for example, retail, accounts, industry, wellbeing, protection, and so forth…

Business Intelligence Strategy: plan and formation of a Business Intelligence Strategy lined up with every undertaking business targets.

Enormous Data Intelligent Solutions, in view of Artificial Intelligence, open source (Java SDK), running in any operational condition, even with various frameworks, preparing both quantitative and subjective information on line and progressively.

The principle bit of leeway of our answers, consistently bolstered by our R&D Dept, is that can be adjusted in any necessity applied or/and specialized and can work in cloud condition as well as in memory database. Likewise every arrangement can be advanced by our enormous involvement in AI application.

Our answers, versatile and versatile to explicit necessities of every undertaking, contrasted with other accessible available is that clients can work only a solitary enormous information answer for any errands that are related with information investigation and information the executives.

Today a venture is advancing into a complex financial, social and business condition, existing together with providers, makers, contenders, different partners and clients.

Worldwide patterns of creation and dispersion in one hand, business reliance on innovation advancement on the other (Internet of things, Cloud and Smart Systems) are driving into a time where individuals, machines, gadgets, sensors, and organizations should all be associated and have the option to cooperate with each another.

Another worldview of working together is vital, the making of an Enterprise Ecosystem that will offer an operational and productive cooperative connection between an undertaking and its condition.

In this setting an advanced Enterprise must make a business procedure improvement (direct model) being touchy in same time to interior and outer changes (non straight model)

Information isn’t imperative for the endeavor gainfulness however essential piece of its center business process regardless of the segment of its operability.

Business Intelligence as element that procedure data, changes data into information, must be in the focal point of Business and Technology brought together reasonable and operational procedures.

DC-GAP’s central goal is the structure of Business Intelligence technique as a major aspect of business building and the making of arrangements offering to clients that have not really a factual foundation to survey and comprehend the recognized examples

Stretch out beyond your rivals with inventive Web Development. Our group of specialists (with various Digital Agenicie from both Cyprus and Greece), builds up your web nearness as per the most recent market needs. We fabricate and oversee the improvement of experts sites, mobiles applications and e-shops. We coordinate with first class website specialists, engineers and task supervisors to offer you the best quality for your needs in the computerized world to emerge from the group.

+ Product advancement (what the market needs!) and the board (IT items and administrations, Web applications).

+ We grow top notch iPhone and Android applications for new companies and venture customers.

+ SEO patterns, interface crusades, external link establishment (drive huge traffic to your site and upgrade your internet searcher results).

+ Google applications (Google AdWords, Google Analytics, Google AdSense, Blogger, Youtube), measurable reports.

 

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