Ermis Research & Incubator Centre

Description:

Ermis Research and Incubator Centre was established in 2003. The major benefactor and sponsor of this initiative is A.S. Cyprus College supported by three additional partners, RTD Talos, the Science and Technology Park of Crete and Spidernet Services. The mission of ERMIS is contribute to the technological upgrading of the country?s productive base and encourage and support local and regional development. This will be accomplished through the realisation of the following objectives: a) develop the necessary infrastructure and offer appropriate services to support, nurture and transform innovative ideas into successful business ventures, b) encourage spin-offs from research / academic establishments through the exploitation of research results, c) upgrade existing production units through the utilisation of new technologies developed at the incubator, d) train and upgrade human resources, ERMIS is hosted within the premises of A.S. Cyprus College in a specially designed space of 569m2. Facilities include 15 company offices, reception, conference room, library. In addition within the same building there is a bank and a cafeteria. ERMIS Research and Incubator Centre has signed a contract with the Cyprus Government to host new high technology firms which are evaluated and approved by the Ministry of Trade, Industry and Tourism. Firms which fulfil the criteria are entitled to a grand of ?120,000 for a two-year period.