The troubling face of Cyprus: From a sheltered to a high-tech island? The place of innovation policy
MetadataShow full item record
Applying the theoretical framework of the National Innovation System (NIS), this article analyses the innovation policy of Cyprus, a European Union accession country. The paper first introduces the concept of the National Innovation System and discusses its advantages, drawbacks and validity as an analytical tool in the context of a small industrialising country. Empirical research on recent innovation-related developments in the Cypriot economy and the evolution of relevant policies are outlined. The concept of innovation policy is relatively new to Cyprus, and the analysis reveals that there is no self-contained policy document or a guideline, and that the elements of innovation policy are included in the existing industrial policy. The article then presents the current state of the NIS in Cyprus, its deficiencies and the subsequent implications for innovation policy. The study concludes with some policy recommendations.