On Wednesday, the minister of education Costas Kadis announced that the public universities of Cyprus will be allowed to found businesses or organisations, or enter partnerships, aiming to exploit discoveries or inventions from their scientific research.
Kadis said the body approved the legislative framework that will allow turning the results of scientific research, innovation, and scientific knowledge of public universities, to commercial products and services that will benefit not only the universities, but the economy and society as a whole.
According to the minister, this will make our public universities even more modern and bring them closer to the economy’s productive fabric. Meanwhile, it will create new jobs and boost the economy. In reality, Cyprus is following the example of countries that have achieved progress from such policies. It should be noted that Israel’s leaps in the field of knowledge society have been based on such partnerships.
It should be also noted that the cabinet also approved a government bill banning smoking in schoolyards. Kadis said that this is a law that must be adhered to by everyone, and what it stipulates in all instances will apply to our schools. We have adapted to European norms and directives, and we will try to implement this legislation in collaboration with other ministries.