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Banktrade Banktechnika to build SME incubator

Banktrade Banktechnika will build a HUF 460 million (€1.72 million) SME incubator in Budapest with the help of HUF 208 million in European Union funding, project manager Csilla Bogár Novák told MTI on Sunday.

Bogár Novák said that the 3,000-square-meter incubator is expected to be completed at the end of 2010.

The project manager said that the incubator will provide SMEs located in and around Budapest with business services such as assistance with on-line operations, preferential office rental-space and professional consultation. (MTI-ECONEWS)