---
title: "Cyprus SME Digital Grant 2025: 50% Co-Funding"
canonical: "https://kodeosity.com/blog/cyprus-sme-digital-grant-2025"
pubDate: "2025-04-30T00:00:00.000Z"
author: Alexandros Nicolaides
description: "Learn how Cyprus SMEs can secure up to €70 000 (50% co-funded) for digital upgrades in 2025—eligibility, process & expert tips."
tags: [cyprus, sme, digital transformation, grant, funding, ecommerce, ai, blockchain, technology]
categories: [announcements]
---



## Cyprus SME Digital Grant 2025 – 50% Co-Funding Available

### Impact

The Digital Transformation Scheme for Enterprises 2025 drives the [digital transformation](/solutions/digital-transformation) of Cyprus SMEs under the ΘΑλΕΙΑ 2021–2027 framework, encouraging adoption of AI, blockchain, cloud-native architectures, and e-commerce to boost competitiveness and growth.

#### Program Objectives

- Support the **digital transformation** of existing and new SMEs
- Promote **digital entrepreneurship**
- Encourage use of modern technologies like **AI, cloud, IoT, and blockchain**
- Strengthen Cyprus’ overall digital economy

<br />

#### Total Budget & Co-funding

- **Total budget:** € 20 million
- **2025 call allocation:** € 14 million
- **Co-financing:** Republic of Cyprus & the European Regional Development Fund

<br />

## Who Can Apply?

**SME Definition**:

- Staff: **< 250**
- Turnover: **≤ € 50 million** or Balance sheet: **≤ € 43 million**

You’re eligible if you are:

1. **Existing SMEs**: Established and active before 1 January 2024
2. **New SMEs**: Established in/after 2024, or inactive until 31 December 2023, provided they include an e-shop or advanced digital tech in their proposal

**Exclusions**:

- Primary agricultural producers & fisheries
- “Problematic” enterprises under EU Reg. 651/2014

<br />

## Budget, Intensity & Funding

<Table
  headers={[
    "Location",
    "Minimum Eligible Budget",
    "Funding Rate",
    "Max Grant",
    "De minimis Cap",
    "Own Contribution",
    "Deadline",
  ]}
  rows={[
    [
      "Most areas of Cyprus",
      "€5,000",
      "50%",
      "€50,000",
      "€300,000 per 3 years",
      "50% (via equity or bank-backed loan)",
      "12 months from approval",
    ],
    [
      "Mountainous/disadvantaged areas",
      "€5,000",
      "70%",
      "€70,000",
      "€300,000 per 3 years",
      "30% (via equity or bank-backed loan)",
      "12 months from approval",
    ],
  ]}
/>

<br />

## Eligible Expenses

1. **Off-the-shelf software** (licenses & cloud/SaaS up to 36 months)
2. **Specialized IT systems**
   - ERP, CRM, BI, bespoke development
   - E-shop platforms, Automations, IoT, AI, blockchain, data analytics
3. **Digital marketing**
   - Up to 10% of e-shop budget (max €4,000)
   - Online promotion & SEO services
4. **Consultancy**
   - Needs analysis & project management (max €1,000)
5. **Hardware**
   - Servers, firewalls, SAN, handheld terminals, electronic shelf labels, RFIDs (only if integral to the digital upgrade)

> **Not Eligible:** Maintenance contracts, simple websites, refurbished equipment, GPS devices, VAT

## Application Process & Timeline

1. **Call Publication:** April 2025 on the Ministry portal
2. **Submission:** Online via ΥΕΕΒ — one proposal per call, open until funds are depleted
3. **Eligibility Check:** Formal docs, financials, de minimis compliance
4. **Evaluation & Ranking:**
   - Automatic ranking by submission timestamp
   - Possible on-site verifications
5. **Scoring Criteria:**
   - **Quality:** Clarity, completeness, deliverables & timelines
   - **Relevance:** Alignment with scheme objectives
   - **Viability:** Financial capacity & sustainability
6. **Implementation Period:** Up to 12 months from contract signature
7. **Payments:** Upon submission of paid invoices & proof of payment
8. **Audits:** Random checks up to 3 years post-completion

<br />

## Required Documentation

- **Audited Financial Statements** for 2022–2023 (or tax returns for micro-enterprises)
- **2024 Revenue Statement** or sworn turnover declaration
- **Bank Statement** or **Loan Approval Letter** for own contribution
- **De minimis Declaration**, signed by an auditor or executive
- **Conflict of Interest Declaration** for consultants (if claimed)
- **Detailed Quotes** for each expense (technical specs & cost breakdown)

<br />

## How to Apply

Applications are submitted **online** via:
👉 [https://fundingapps.meci.gov.cy](https://fundingapps.meci.gov.cy)

> ⏱️ **Tip:** Evaluation is _first-come, first-served_. Apply early for a better chance.

> 💡 **Note:** Although the application process does not strictly require a business consultant, around 98% of businesses choose to work with one to maximize their chances of approval. In fact, using a business consultant is encouraged by the grant itself, as it covers consultant costs up to €1,000.

<br />

## How We Can Help

At **Kodeosity**, we can help you in:

- Crafting **grant-eligible** [e-commerce](/solutions/composable-commerce) and software solutions
- Supporting you through the **entire application process** via digital consultations
- Building [AI-powered agents](/solutions/ai-agents-development) and automation tools covered by the grant
- We can collaborate with your business consultant in order to meet government grant criteria

<br />

## Don’t Miss Out

This is a unique opportunity to transform your business with government support.
Let’s build your application together and create a digital solution that moves your business forward.