Specifically, the Project concerns the establishment and operation of Offices for the Liaison with Business, in each of the six universities in the Republic of Cyprus with the aim of attaining a better and stronger communication and cooperation between Business and the Universities on subjects such as, technology transfer, promotion of applied research responding to specific industrial problems, collaboration in research programmes, placement of students in Industry and, generally the promotion of innovation in Business and the Universities in this Country.

The main strategic aims of the Project are:

• The establishment of a network of model offices for liaison between the academic and business worlds.
• The utilisation and exploitation of the results of University innovation by the Cypriot Business.
• The enhancement of the employment potential of students and graduates resulting from their contact with Business during their studies.

The professional qualifications and the status of the staff as well as the physical arrangement and appearance of the Offices, standardised to meet such quality specifications that will contribute towards establishing a recognisable identity for the Project.

At the same time, an additional aim is the spread of an entrepreneurial culture that will promote cooperation with other entities supporting technologically innovative business in Cyprus.

• Cooperation initiated by UCY University - Business Liaison Office and FMT- Australian Software Company