The kick-off meeting of the project DegradationLab was hosted with great success on the 1st of July 2019 at the University of Cyprus (Lead partner). The project is funded by the Research Promotion Foundation (Cyprus) under the programme 'New Strategic Infrastructure Units - Young Scientists'. Its main aim is to create a research unit for testing degradation and failures in new and emerging solar cells through the use of advanced optoelectronic, spectroscopic, and structural techniques. The focus will be on the accurate characterization of perovskite solar cells which exhibit high conversion efficiencies and offer the potential to realize a low-cost, industry-scalable PV technology. The development of the new infrastructure has strategic importance for the University of Cyprus towards developing this timely and challenging field. To this end, the DegradationLab brings together three laboratories from the University of Cyprus (the Photovoltaic Technology Laboratory, the Laboratory of Molecular Spectroscopy, and the Laboratory of Ultrafast Science) with three excellent European research organizations, namely IMEC (Belgium), the AIT Austrian Institute of Technology (Austria), and the Max Planck Institute for the Science of Light (Germany).