Projects awarded over HUF 52 bln in R&D subsidies

Innovation

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Over HUF 52 billion in government subsidies will be awarded to 153 projects based on the evaluation of applications in the second round of a tender supporting market-driven research, development and innovation, state secretary for higher education and innovation József Bódis said on Friday.

Bódis noted that the first round of the tender for the market-driven R&D&I funding was called in May 2020. The allocation was raised from HUF 41 bln to HUF 59 bln after applications for more than HUF 100 bln in funding were received, he added.

The second tender, for an initial HUF 20 bln in funding, was called in the autumn, but the allocation was more than doubled, he said.

In the latest tender, more than two-thirds of the winning projects are in technical areas and close to one-third are in the natural sciences.

Projects that involved cooperation between the corporate sector and academia enjoyed an advantage in the tenders.

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