Matolcsy wants innovation parks at top universities

Innovation

Hungary could reach a level of sustainable catching up by building innovation parks and smart gardens around the best universities, which could be the cradles and hatcheries of a brand new economy based on Hungarian innovation and ownership, National Bank of Hungary (MNB) Governor György Matolcsy said in a op-ed published on novekedes.hu. 

Matolcsy said that Hungary has built its economic development on innovation developed and imported abroad over the past 30 years, which is common practice, but really catching up can only be achieved by building a domestically owned business sector based on domestic innovation and capital alongside the sector that uses foreign ownership, technology and management. 

"The structure of growth so far shows that we have essentially not used a number of sources where there is a chance to create a competitive economy based on domestic innovation and ownership," Matolcsy said. 

Among these areas, he mentioned the use of water from irrigation to medicinal waters, climate, and soil conditions.

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