Qobrix Real Estate

Awarded Research and Development grant by the European Regional Development Fund and the Republic of Cyprus.

Scheme for the development of Business Innovation Qobrix RE

Project Co-Financed by the European Social Fund

The project “Qobrix Real Estate”, under the acronym “Qobrix RE”, falls under the “Business Innovation Reinforcement Plan” project co-funded by the European Regional Development Fund and the Republic of Cyprus.

The Business Innovation Support Plan aims to support and empower existing and emerging companies investing in research and innovation to develop competitive innovative products and services that they plan to market, as well as / or innovative production processes and processes of their products.

It also aims to support and promote collaborations between businesses and businesses with research organizations.

This objective is achieved by the use of incentives in the form of financial aid.

The amount earmarked for the purposes of the Scheme in this call is €10 million Euros. The total budget of the Plan, which will be allocated for the 2014-2020 Programming Period, amounts to €18 million.

Grants to be granted to the beneficiaries to be included in the Scheme amount to:

  • 25% of the total eligible project budget for start-ups with a maximum grant of €50,000 per business and an aid intensity of 80%.
  • 75% of the total eligible project budget for applications in the category of existing enterprises with a maximum grant of €250,000 per enterprise and a maximum aid subsidy of 60%.


Contact Details:
Nikos Ioannou
Technology and Innovation Officer
Tel: +357 22 409393
E-mail: nioannou@mcit.gov.cy


Description of Qobrix RE
The Qobrix Real Estate Platform is a multi-system platform that is Cloud-based and is delivered as a Software as a Service (SaaS). It offers true innovation on a global basis to Real Estate Property Developers. There is no competitive product in the market today that provides anything close to the level of functionality and new features offered by Qobrix Real Estate. The project has been under development since April 2017 and was completed on February 28th, 2019.