CYPRUS

Cyprus is a growth leader among the group of Innovation followers, with an innovation performance just above the EU27 average and a rapid rate of improvement. Relative strengths, compared to the country’s average performance, are in Finance and support, Linkages & entrepreneurship and Innovators and relative weaknesses are in Human resources and Throughputs.

Over the past 5 years there has been strong growth in Finance and support, Linkages & entrepreneurship and Throughputs which have been the main drivers of the improvement in innovation performance, in particular as a result from strong growth in S&E and SSH doctorate graduates Broadband access by firms (22.6%), Innovative SMEs collaborating with others (12.3%), Public-private co-publications (22.1%), EPO patents (13.1%) and Community designs (15.3%). Performance in Innovators has worsened (-4.3%).