The Department is responsible for all financial matters, including the preparation and monitoring of RIF’s budget, accounting, procurement and auditing of approved projects. It works in collaboration with the Director General’s Office and all other Departments to carry out its work. It is also responsible for managing RIF’s Information Technology matters.  Additionally, European Programmes has been entrusted with the role of Cyprus’ National Contact Point for the «European Framework Programme for Research and Innovation». It is responsible for providing support to RIF’s Collaborators in European-Funded opportunities that match their project ideas. It offers information and advice to RIF’s Collaborators on open and upcoming calls for proposals and project ideas, it organizes information-days and publicises events relevant to the Programme. It assists RIF’s Collaborators in preparing proposals through the organization of workshops, holding mock interviews, providing advice on project management and reviewing proposals before submission. It also supports RIF’s Collaborators in identifying potential Partners for building consortia and participating in international brokerage events.