The Institute of Theoretical & Computational Physics (ITCP) was founded in 1992 (Institute of Plasma Physics, then renamed in 2016) as an independent legal entity with private law, functioning under the umbrella of the University of Crete, residing in the premises of the Department of Physics of the University of Crete, but being legally and administratively independent from the University. ITCP governance includes a director, who currently is Prof. Elias Kiritsis from the Department of Physics of the University of Crete, and a governing board consisting of 5 professors of the same Department.
ITCP has recently administered several research programs, with budget totaling several million euros, and with funding coming from the European Union, from Greek national funds, and from the private sector (Stavros Niarchos Foundation). The expenses in these programs include salaries, equipment, consumables, travel expenses and in general all types of expenses associated with theoretical and/or experimental research. The logistics of ITCP are governed by Greek law regarding legal entities functioning under private law (the same as other research centers like the neighboring Foundation for Research and Technology) and administered by ITCP secretarial personnel.
ITCP has two subinstitutes, the Crete Center for Theoretical Physics (CCTP) and the Crete Center for Quantum Complexity and Nanotechnology (QCD).
Despite its name and its focus on theoretical high energy physics, theoretical and observational astrophysics, theoretical nonlinear and complex physics, artificial intelligence and computational physics, ITCP is currently administering two research programs funded by Greek national funds which programs focus on experimental research in quantum technology.
ITCP hires and trains young researchers from the PhD to the postdoctoral level, organizes scientific workshops, and in general integrally participates and promotes the academic research of the Department of Physics of the University of Crete, adhering to the general culture of scientific excellence and internationally recognizable research output.
Past funding:
• 1 ERC: budget: €508,375
• 2 National projects: total budget: €361,370
• 3 HFRI: total budget: €671,054
• 2 Marie Curie: total budget: €318,572.16
• 1 active programme: HFRI, €284,960.00
• 3 european grants: total budget 308.329,40€