The project is supported with a HUF 518 million European Union grant.

Construction work is expected to start this year, and planned research work on the industrial applications of laser technology in 2018. The research center, located on university grounds, will also serve educational purposes.

Hungaryʼs newest such institution, Pallasz Athéné University was established with the merger of the colleges of Kecskemét and Szolnok in 2016.

The university receives financing from the National Bank of Hungaryʼs Pallasz Athéné Foundations.