The University of Cyprus has expressed disappointment after the Finance Ministry withdrew promised co-funding for a prestigious quantum research centre, despite earlier commitments.
The €15 million European research project would have established a Centre of Excellence for Research and Innovation in Quantum Science and Technology.
University officials revealed that during the application process, the Ministry provided an official commitment letter confirming the co-financing required for project implementation—a prerequisite for proposal evaluation. However, after the proposal’s approval, authorities decided against providing funding, citing concerns about the research centre’s economic viability.
“This position contradicts the European funding body’s assessment,” the University Senate said in a statement, highlighting that the decision creates significant difficulties for securing future research funding and discourages young scientists.
The setback reflects broader concerns about research investment in Cyprus, where spending on research and development has fallen to 0.75% of GDP in 2022, compared to the EU average of 2.24%.
“Research and innovation are not luxuries or optional choices. They are the fundamental drivers for the country’s development, improving its competitiveness and ensuring a sustainable future,” the academic institution emphasised.
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