Digital Upgrade Plan: Funding Opportunities for SMEs

Take Your Business to the Next Level with the Digital Upgrade Plan

Great news for small and medium-sized enterprises (SMEs)! The Ministry of Energy, Commerce, and Industry has launched the Digital Upgrade Plan, co-financed by the Republic of Cyprus and the European Regional Development Fund (ERDF). This initiative offers SMEs a chance to modernize their operations, enhance efficiency, and achieve long-term growth through digital transformation.

Why is Digital Transformation Essential for SMEs?

In today’s fast-paced digital world, staying competitive means embracing technology. Digital transformation empowers to:

  • Automate routine tasks.
  • Improve customer experiences.
  • Make data-driven decisions.
  • Boost overall operational efficiency

With the Digital Upgrade Plan, SMEs can achieve these goals while benefiting from generous funding opportunities.

Who Can Apply for the Digital Upgrade Plan?

If you’re an established SME looking to invest in digital solutions, this program is for you! Here’s what you need to know:

  • SMEs based in Cyprus are eligible.
  • Businesses should aim to implement digital upgrades to enhance their operations

Funding Benefits for Your Digital Transformation

  • 50% funding for approved digital investment projects.
  • Up to €50,000 in funding.
  • Up to €60,000 for SMEs located in mountainous or disadvantaged areas.

This funding can be used to implement advanced technologies, upgrade workflows, and enhance productivity.

How Intellar Helps SMEs Succeed in Digital Transformation

Navigating the complexities of digital transformation requires expertise. Intellar is here to guide your SME through every step of the process, from funding application to solution implementation.

Our Services Include:

  1. Robotic Process Automation (RPA):
    • Automate repetitive tasks to save time and reduce human errors.
    • Free up your team for more strategic work.
  2. AI-Powered Business Solutions:
    • Leverage artificial intelligence for smarter decision-making.
    • Enhance efficiency and uncover growth opportunities.
  3. Document Understanding with AI:
    • Use AI to extract data from documents, images, and PDFs.
    • Streamline processes such as invoice management.
  4. Data Visualization Tools:
    • Transform raw data into actionable insights.
    • Support strategic planning with intuitive, visual dashboards.
  5. Automated Budgeting Processes:
    • Simplify financial planning and management.
    • Gain real-time insights into budgeting and forecasting.

Why Choose Intellar for Your Digital Journey?

Customized Solutions for SMEs: We tailor our services to meet the unique needs of small and medium-sized businesses.

Proven Expertise: With a track record of successful projects, we deliver results.

End-to-End Support: From application assistance to technology deployment, we’re with you at every stage.

Growth-Oriented Approach: Our solutions are designed to drive sustainable growth and operational excellence.

Get in touch to find out more (HERE)

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