ADVERTISEMENT

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.

ADVERTISEMENT

Graphisoft Park profit fell 10% in 2020 Office Market

Graphisoft Park profit fell 10% in 2020

Europe perceived as region of greatest opportunities for com... Analysis

Europe perceived as region of greatest opportunities for com...

EU-funded scheme gives 230,000 Hungarians digital skills EU

EU-funded scheme gives 230,000 Hungarians digital skills

Half a million guest nights booked for April Tourism

Half a million guest nights booked for April

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.