# Cyprus Research Innovation Foundation

> Cyprus Research Innovation Foundation is a VC fund backing FinTech, B2B and B2C. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 5
- Last investment: Oct 2025
- Lead investor: 60%
- Last updated: Aug 2026

Cyprus Research Innovation Foundation is a VC fund focused on FinTech and B2B. The Research and Innovation Foundation (RIF) is the national authority in charge of supporting and promoting research, technological development and innovation in Cyprus. The RIF was established in 1996, following an initiative by the Government of the Republic of Cyprus, with the initial name of Research Promotion Foundation (RPF).

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $110k–$1.6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 40% |
| B2B | 1 | 20% |
| B2C | 1 | 20% |
| SaaS | 1 | 20% |
| Solar | 1 | 20% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 3 | 60% |
| Seed | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ask Wire | Each property is different. We help you understand it through data. This allows you to base decisions on facts, automate decision making, and productise advisory. Whether you are a bank, an insurer, a company investing in Real Estate, or an ESG conscious investor Ask Wire’s award-winning platform will help you make better informed decisions,increase sales, manage risk, automate reporting, and optimise operations. Ask Wire creates a comprehensive profile of each property across Europe by assembling data from a variety of sources, including government databases, European organizations, and high-resolution satellite images. With Ask Wire’s granular property profiles, customers can develop bespoke Solutions and access the information they need to create products and services connected to real estate, such as automating ESG reporting, gaining market insights on construction activity and prices, and monitoring environmental risk.Ask Wire offers both data-as-a-service (DaaS) and software-as-a-service (SaaS) options to our clients. In addition to providing access to our data and models, we also work closely with our clients to help them structure and reorganize their processes, develop new products and services, and create effective real estate strategies. Whether you need up-to-date property information, or expert guidance on how to use that information, Ask Wire is here to help.In 2022, Ask Wire was awarded the "Best Fintech for Real Estate, Europe" by Pan Finance, recognizing our commitment to providing high-quality real estate intelligence. |  | Grant | Oct 29, 2025 |  |
| SpeedyDD | SpeedyDD is a cloud-based KYB (Know Your Business) compliance and due diligence platform that helps regulated businesses automate their entire client onboarding and compliance lifecycle. Built for Corporate Service Providers (CSPs), Payment Service Providers (PSPs), Electronic Money Institutions (EMIs), and iGaming operators, SpeedyDD replacesfragmented, manual compliance workflows with a single ISO 27001-certified environment. The platform covers automated client onboarding with white-label embeddable forms, centralized document management with expiry tracking and automated renewal workflows, real-time PEP, sanctions, and adverse media screening, KYB verification against company registries, KYC person verification for directors and UBOs, risk profiling with customizable weighted questionnaires, immutable audit trails, and company structure visualization. SpeedyDD has onboarded 4,000+ clients, manages 130,000+ compliance documents, and has completed 1,500+ screening checks. Customers include Hero Gaming and Rhino Entertainment (Malta iGaming operators) and Paydirection (payments). The platform is ISO 27001 certified, GDPR compliant, and includes a Chrome extension for automated form filling. SpeedyDD is a member of the NVIDIA Inception program, supporting AI-driven innovation in the RegTech space. | $1.5M | Seed | May 16, 2025 |  |
| SIM4FLOW | An Innovative Healthtech startup dedicated to revolutionizing cerebrovascular and cardiovascular diagnostics through cutting-edge technologies, specifically Simulation-Based Imaging (SBI) and Explainable Artificial Intelligence (xAI). Our project focuses on enhancing the prediction of intracranial aneurysm rupture risk and providing real-time 4DFlow MRI imaging for cardiovascular diseases. Innovative Approach SBI integrates advanced computational modeling with medical imaging, enabling clinicians to make more informed decisions based on accurate and actionable insights. By combining high-resolution imaging with xAI, we enhance the transparency and interpretability of AI-driven diagnostics, addressing the critical need for reliable tools in cerebrovascular and cardiovascular imaging. Key Objectives 1. Intracranial Aneurysm Rupture Risk Prediction: Using xAI, we analyze blood flow patterns and vessel wall stress to provide clinicians with actionable information that enhances preventive treatment strategies for patients at risk of aneurysm rupture. 2. Enhanced Imaging Capabilities: Our technology significantly improves spatial resolution by up to 6 times greater than conventional methods, while reducing scan times by up to 80%. This allows for faster patient work-up and more detailed image visualization of cardiovascular and cerebrovascular structures. 3. Versatile Applications: Sim4Flow’s innovative solutions are adaptable across various imaging modalities, including MRI and CT, making them suitable for a range of applications, including heart disease and abdominal aortic aneurysms. 4. Real-Time Diagnostics: By enabling real-time image reconstruction, SBI enhances clinical workflows and allows for immediate, well-informed decision-making, thereby improving patient outcomes. Collaborations and Partnerships The startup seeks partnerships with healthcare providers, medtech companies, and research institutions to advance our mission. We are particularly interested in collaborations for AI model training, image analysis, and clinical validation. In addition, we aim to engage in international and regional programs, such as Horizon Europe and Interreg, to foster further development and dissemination of our technology. Conclusion: Leveraging the power of SBI and xAI, Sim4Flow is poised to transform the landscape of cerebrovascular and cardiovascular diagnostics. Our innovative approach not only improves clinical outcomes, but also aims to reduce healthcare costs and improve patient’s the quality of life. Join us on this groundbreaking journey to advance precision diagnostics and redefine the future of cardiovascular healthcare. | $152.2K | Pre-Seed | May 09, 2024 |  |
| EnergyIntel | EnergyIntel Services Ltd is a pioneering energy solutions company dedicated to accelerating the global transition to sustainable energy. Specializing in innovative solar technologies and thermal energy storage systems, EnergyIntel develops advanced solutions for renewable energy integration, delivering cost-efficient and eco-friendly alternativesto traditional energy sources.With a focus on Thermal Energy Storage (TES) systems operating up to 600°C, EnergyIntel’s proprietary technology addresses critical energy challenges, offering industries and businesses scalable, efficient solutions to decarbonize their operations. The company holds 94 globally registered patents, underscoring its commitment to research, development, and cutting-edge innovation. | $1.6M | Grant | Feb 24, 2024 |  |
| Malloc | Malloc is a US, Cyprus-based privacy and data security startup. It's debut mobile app, called Antistalker, monitors and prevents anyone from recording or transmitting data without you knowing. Malloc has raised a seed round in August 2021, after joining and receiving investment by Y Combinator. | $110K | Grant | Nov 01, 2020 |  |

5 of 5 investments shown.

## Co-investors
- [DIP Capital](https://shizune.co/investors/profile/dip-capital) — VC Fund, 1 deal together
- [GEM Capital](https://shizune.co/investors/profile/gem-capital) — VC Fund, 1 deal together
- [Newchip Accelerator](https://shizune.co/investors/profile/newchip) — VC Fund, 1 deal together
- [Play Ventures](https://shizune.co/investors/profile/play-ventures) — VC Fund, 1 deal together
- [YEP](https://shizune.co/investors/profile/yep-744b) — VC Fund, 1 deal together

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## FAQ

### What does Cyprus Research Innovation Foundation invest in?

Cyprus Research Innovation Foundation invests primarily in FinTech, B2B and B2C startups, most often at Grant and Seed stage. Most of the 5 investments tracked by Shizune back companies in Cyprus. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cyprus Research Innovation Foundation's check size?

Cyprus Research Innovation Foundation typically joins rounds of $110k–$1.6M at Grant. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cyprus Research Innovation Foundation participates in.

### When did Cyprus Research Innovation Foundation last invest?

The most recent investment recorded for Cyprus Research Innovation Foundation closed in Oct 2025. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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