A Regional Innovation Strategy for Cyprus

Abstract

The paper introduces the EU sponsored programme of "Regional Innovation Strategy" (RIS) and highlights its relevance for Cyprus. The first part explains the origin and the theoretical foundations of the RIS programme while the remainder of the essay discusses the potential benefits that Cyprus may derive from adopting a RIS project. The paper underlines the lack of an innovative environment in Cyprus and explains why such an environment is desirable to allow Cyprus to face up to the new competition.