The Cyprus Employers & Industrialists Federation (OEB) proudly announces that the OEB Cyprus Innovation Award Competition for 2025 has been officially included in the programme of the European SME Week events, coordinated by the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs of the European Commission.

The inclusion of the OEB Innovation Awards in the SME Week is yet another European-level recognition of OEB’s longstanding contribution to the promotion of innovation and business excellence. It reaffirms OEB’s role and mission as an institutional representative of Cypriot enterprises both nationally and internationally.

The European SME Week is an annual pan-European campaign aimed at promoting entrepreneurship and creating a business-friendly environment that enhances the competitiveness of SMEs, with innovation being an integral component. The campaign is coordinated by the European Commission and includes various events throughout the year under the motto “Promoting Enterprise. Every Week. Everywhere.”

The OEB Innovation Awars is a flagship initiative of the Federation, organised annually since 2006, with the aim of recognising businesses and organisations that have successfully implemented innovative ideas — whether through new products, services, or processes — that substantially improve on what previously existed. 

The OEB Innovation Award have become an established institution and are considered the highest distinction for innovation in Cyprus. It has been recognised by the European Commission as a Best Practice and is fully supported by the State, through a decision of the Council of Ministers, by the Deputy Ministry of Research, Innovation and Digital Policy and the Research & Innovation Foundation (RIF).

The 2025 Innovation Award Competition will be officially launched in the coming period and will culminate with the awards ceremony in the first half of 2026, during the Cypriot Presidency of the Council of the European Union.

June 4, 2025