ADVERTISEMENT

State-founded venture capital fund investments reach HUF 9.2 bln

Telco

Szechenyi Capital Investment Fund (SZTA), which is a venture capital fund established by the Hungarian government in order to support SMEs, has so far invested HUF 9.2 bln in almost 70 companies, the fund told Hungarian news agency MTI yesterday. 

Companies conducting innovative activities account for almost 80% of the investments of the SZTA, the news agency noted, adding that the fund manages HUF 14 bln, most of it European Union funding.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.