Innovation Ministry to support innovation projects with HUF 53 bln

Ecosystem

The government approved the Innovation and Technology Ministryʼs (ITM) research and development and innovation strategy, as part of which more than HUF 53 billion has been made available from Friday to support innovation projects from the HUF 145 bln limit of the National Research, Development and Innovation Office, minister László Palkovics said.

According to a report by state news wire MTI , the four freshly called tenders affect all participants of the "innovation chain", with funding made available to micro-, small and medium-sized businesses, large companies, as well as partnerships between universities and businesses.

The tenders serve job creation, the retention of existing jobs and, in particular, the strengthening of the R&D and innovation capabilities of SMEs.

A new type of tender is the one titled "SME Start Innovation", and the ministry will continue to allocate support to market-oriented R&D and innovation projects.

It will become easier to submit applications for patent and intellectual property protection, and Hungarian college students will be encouraged to study at foreign universities, Palkovics said.

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.