Europe is experiencing an increasing number of disasters due to natural hazards. The potential for a hazard to cause a disaster mainly depends on the vulnerability of the exposed community to a particular hazard. According to EM-DAT, for the period 1998–2009, earthquakes in Europe rank second in terms of fatalities and third in terms of overall losses. Further, flooding, along with storms, is the most important natural hazard in Europe in terms of economic losses. Actions and measures, can reduce the economic impact of a hazardous event. Within this context, scholars, government agencies, professional organizations as well as local communities seek to understand the three main stages of a disaster (i.e. Normal/Risk Reduction Stage, Emergency Response Stage, Recovery Stage) and take measures to lower the negative impact. The goal of ISTOS is, by the end of the project, to significantly strengthen the Scientific Excellence and Innovation Capacity of the collaborative Advanced Infrastructures and Materials (AIM) laboratory established at the Frederick Research Center (FRC) and the Large Structures laboratory (LSL) established at the Cyprus University of Technology (CUT). The aim is to turn the collaborative laboratories at FRC and CUT into a Center of Excellence, “ISTOS”, which will be based in Cyprus. The proposed ISTOS project will achieve its goal by creating strong links between the AIM, LSL and two internationally leading research institutions namely the Aristotle University of Thessaloniki (AUTH) of Greece and the PLINIVS Study Centre, University of Naples Federico II (PLINIVS-LUPT) of Italy. Through ISTOS, the research profile and expertise of the staff, of FRC and CUT, will be raised while at the same time enhancing the S&T capacity of the linked institutions.