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ARTICLE · 22 JULY 2022

Horizon Europe – European Funding Program

AGPLAW | A.G. Paphitis & Co. LLC
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Horizon Europe is a European Funding Program, for research and innovation, which exists for the period 2021 – 2027. It is the biggest European funding program with 95 billion euros budget.

European UnionFinance and Banking
AGP Law/ A.G. Paphitis & Co. LLC
AGP Law/ A.G. Paphitis & Co. LLC
Gaia Sargsyan
Gaia Sargsyan
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Horizon Europe is a European Funding Program, for research and innovation, which exists for the period 2021 – 2027. It is the biggest European funding program with 95 billion euros budget.

This funding program targets the sectors of research and innovation. The European Union support investors who are not ready to take the risk alone at the early stage of technology development.

This is a promising step forward for Europe's commitment to technological sovereignty, which will benefit many technical and technological sectors.

Furthermore, for the program to be even more attractive, the Cypriot Ministry of Finance amended the existing tax law. The new amendment gives tax exemption to the applicants who wish to proceed with the innovation schemes.

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