AR 2017/President Statement: Difference between revisions

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==President Statement==

~~Another year~~ of ~~growth, transformation, and new successes!~~

Message by the President of the Board

Mr. Larry Fergeson.

[[Future Worlds Center]] has successfully implemented ~~many~~ projects in collaboration with its growing [[List of partner organizations|network of partners]]~~, striving towards the~~ [[Future Worlds Center Vision and Mission|Future Worlds Center Vision]] to “operate at the interface of science & society” by using technology to promote social justice, development and peace~~. Every Unit~~ has been ~~successful in securing 3 or more~~ new contracts with total value exceeding 3 million euros.

Year 2017 has been a year of important decisions for reforms and transformations.

First, the Board has been internationalized, and no Associates is also member of the Board. The decision for complete separation between strategic direction an day-to-day management and project implementation is thought to serve multiple purposes and especially (i) compliance of organizational priorities with the core values and visions, and (ii) improved possibilities for taking measures to ensure long-term sustainability.

Second, it has been decided that projects and/or clusters of projects that meet two criteria, i.e., (i) they become (or have the potential to become) financially stable and self-sufficient and (ii) they evolve more into 'stable' operations, i.e, less entrepreneurial and more service-oriented, should spin off and become new entities. Therefore three entities entered this process:

* [[Humanitarian Affairs Unit]]: A new non-profit has been formed to host all projects of the unit under the name [[Cyprus Refugee Council]].

* [[Cyberethics: Cyprus Safer Internet Center| Cyberethics related projects]]: The Trade name '''CCS Cyberethics Cyprus Safer Internet Center''' has been registered with the intention of becoming a for-profit operation offering innovative educational courses and other experiential workshops bringing new technologies in more productive ways in the lives of growing kids.

* All [[Mental Attributes Profiling System]] related research activities were transferred in a new startup company called [[GNOUS Ltd.]] with the aim of commercializing the IPR.

In 2017, [[Future Worlds Center]] has successfully implemented XX projects in collaboration with its ever-growing [[List of partner organizations|network of partners]].

The [[Future Worlds Center Vision and Mission|Future Worlds Center Vision]], i.e., to “operate at the interface of science & society” by using technology to promote social justice, development and peace has been strengthened. A total ox Y new contracts with total value exceeding 3 million euros have been secured within 2017.

2015 was also a year of many audits. The Financial Unit has been overloaded with work in completing more than 12 new audits. All audits have been successful resulting in virtually zero ineligible amounts for [[Future Worlds Center]]. Unfortunately, some expenses of partners were found ineligible. The difficulty in recovering them, especially in cases where audits were for projects that took place 5-6 years ago and/or the partner is not loner in operation, results in some losses.

AR 2017/President Statement: Difference between revisions

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@@ Line 1: / Line 1: @@
 ==President Statement==
-Another year of growth, transformation, and new successes!
+Message by the President of the Board
+Mr. Larry Fergeson.
-[[Future Worlds Center]] has  successfully implemented many projects in collaboration with its growing [[List of partner organizations|network of partners]], striving towards the [[Future Worlds Center Vision and Mission|Future Worlds Center Vision]] to “operate at the interface of science & society” by using technology to promote social justice, development and peace. Every Unit has been successful in securing  3 or more new contracts with total value exceeding 3 million euros.
+Year 2017 has been a year of important decisions for reforms and transformations.
+First, the Board has been internationalized, and no Associates is also member of the Board. The decision for complete separation between strategic direction an day-to-day management and project implementation is thought to serve multiple purposes and especially (i) compliance of organizational priorities with the core values and visions, and (ii) improved possibilities for taking measures to ensure long-term sustainability.
+Second, it has been decided that projects and/or clusters of projects that meet two criteria, i.e., (i) they become (or have the potential to become) financially stable and self-sufficient and (ii) they evolve more into 'stable' operations, i.e, less entrepreneurial and more service-oriented, should spin off and become new entities. Therefore three entities entered this process:
+* [[Humanitarian Affairs Unit]]: A new non-profit has been formed to host all projects of the unit under the name [[Cyprus Refugee Council]].
+* [[Cyberethics: Cyprus Safer Internet Center| Cyberethics related projects]]: The Trade name '''CCS Cyberethics Cyprus Safer Internet Center''' has been registered with the intention of becoming a for-profit operation offering innovative educational courses and other experiential workshops bringing new technologies in more productive ways in the lives of growing kids.
+* All [[Mental Attributes Profiling System]] related research activities were transferred in a new startup company called [[GNOUS Ltd.]] with the aim of commercializing the IPR.
+In 2017, [[Future Worlds Center]] has  successfully implemented XX projects in collaboration with its ever-growing [[List of partner organizations|network of partners]].
+The [[Future Worlds Center Vision and Mission|Future Worlds Center Vision]], i.e., to “operate at the interface of science & society” by using technology to promote social justice, development and peace has been strengthened. A total ox Y new contracts with total value exceeding 3 million euros have been secured within 2017.
 was also a year of many audits. The Financial Unit has been  overloaded with work in completing more than 12 new audits. All audits have been successful resulting in virtually zero ineligible amounts for [[Future Worlds Center]]. Unfortunately, some expenses of partners were found ineligible. The difficulty in recovering them, especially in cases where audits were for projects that took place 5-6 years ago and/or the partner is not loner in operation, results in some losses.