MMP not only offers money, but also long-term partnerships, consultation, and joint exploration of breakthrough opportunities, Szepesi stressed.

For instance, in the first round, successful applicants can receive a non-refundable grant of HUF 2-36 million for consulting services or HUF 50-340 mln for the implementation of complex developments.

The Deputy Secretary of State listed the application criteria as having at least five employees in a micro, small or medium-sized business with at least four closed business years and a minimum net sales of HUF 100 mln, gazdasagportal.hu added.