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Govt plans to uniform R&D funding

The National Economy Ministry is planning to uniform the funding of R&D and innovation until September 30, reported.

The ministry will devise an overall strategy and action plan for this segment by the second half of the year, said National Economy Minister Gyorgy Matolcsy in early July.

The ministry would enhance the efficiency of the innovation tax and the tax incentive system. It would also introduce new instruments such as an innovative public procurement procedure.

By the end of September, the ministry will need to uniform the terminology of R&D and launch an institutional quality management system. It will review the funding opportunities for start-ups as well.