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SME incubator to open in Szeged in autumn

A HUF 190 million SME incubator is expected to open in Szeged (SE Hungary) in October, project manager Marengo told MTI on Wednesday.
Marengo, part of the Indotek Group, is using HUF 60 million of its own money and a HUF 131million European Union grant to transform a four-storey office building into a low-rent space for recently established SMEs. The offices will be offered to recently established SMEs with favorable leasing conditions. The project will start in March and is expected to be completed by October. 
Marengo aims to attract young entrepreneurs from abroad as well as Szeged, which is close to borders with Romania and Serbia.(Econews)