The importance of research, technological development and innovation, as key drivers of growth, is greater today than ever before.. In this context, we support the Center of Excellence, Research and Innovation of RISE "Research Center on Interactive Media Smart Systems and Emerging Technologies", which was established to be an important pillar of development for the Municipality of Nicosia and the whole of Cyprus as well as the the research and business community of our country. It is a joint venture with the Municipality of Nicosia as the project coordinator and the University of Cyprus, the Cyprus University of Technology, the Open University of Cyprus, the Max Planck Institute of Germany and the University College London of the United Kingdom, which secured funding through a competitive process under the "Teaming for Excellence" programme, which is part of the European Union’s Horizon 2020 Research and Innovation Programme. The project is part of the integrated strategy of Nicosia for its emergence as a core development of innovation technology and as a smart city of knowledge with the aim of achieving sustainable development. Today, part of RISE's work is housed in a space allocated to PwC offices in Nicosia.