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New tender for venture capital programs

The National Development Agency (NFU) on Wednesday said it called a new tender for venture capital programs in the Central Hungary region and convergence regions.

Applications may be submitted until August 28. Decisions are expected to be announced by October 9.

The tender is expected to attract HUF 4 billion in funding for the Central Hungary region and a combined HUF 36.5 billion for the country's other six regions from private capital and venture capital fund managers.

The new tender was called after the NFÜ declared an earlier one to be without result on June 8. (MTI-ECONEWS)