AR2004/Resources

Resources

C.N.T.I. is operational since 1992. It has a Board of seven members that includes personalities known to the Cypriot public and an International Advisory Board of three distinguished scientists (Germany, USA). Five full-time Associates and more than 25 volunteer scientists participate in the various projects. C.N.T.I. has been successful in securing funds for its research and social intervention operations since its foundation in 1992. According to its 2003 financial statements its revenue was equal to CYP 99,991 (2002:116,612; 1 CYP = 1,72 EURO), its Surplus (after taxation) for the year was CYP 7,286 (202:12,114) and its accumulated reserves CYP 153,985 (2002:146,699). Furthermore, the Institute maintains investments in public and private companies of total value CYP 84,237. Most C.N.T.I. personnel and associates are registered as self-employed and are responsible for paying their social insurance contributions. Part of staff income is paid through international programs that directly fund activities of the Institute and might not appear in the financial statements. The revenues originated mainly from grants from various local and international organisations and from fees charged to private and public companies and technology incubators for R&D services. Since 2000 C.N.T.I. has played a major role in promoting social change and peace through the organisation of workshops, seminars, conferences etc. For these activities C.N.T.I was awarded grants by the US Institute of Peace, the International World Affairs, the USAID and the European Commission (as partners to projects or subcontractors). The UNDP/UNOPS has supported twice two major projects conceived and implemented by C.N.T.I. supporting also its operation. Currently C.N.T.I. enjoys significant funds through HasNa Inc (Washington DC based NGO) expected to last until the end of 2006, a Leonardo Project (expected to last until mid of 2005) and continuing contracts for R&D by one private and one public company.