State secretary announces HUF 13 bln worth of innovation tenders

Music

State secretary of the National Economy Ministry (NGM) Zoltán Cséfalvay announced on Monday that the first round of this year's innovation tenders, worth HUF 13.4 billion, has been published.

The state secretary noted that five tenders were published on March 30 for Research and Technology Innovation Funds--three tenders worth a combined HUF 1.4 billion to support participation in the European Union R+D general program, one tender to provide HUF 6 billion in support to the R+D/innovation projects of large companies and one tender for HUF 6 billion in support to market-oriented R+D projects of SMEs in central Hungary.

Cséfalvay said it is the first time since summer 2010 that R+D tenders can be published from domestic funds as the innovation fund contained HUF 100 billion worth of commitments without coverage.

The state secretary said companies, universities, institutions can submit applications for grants worth a combined HUF 74.6 billion in H1 2012, including HUF 36 billion from the Hungarian innovation fund and HUF 38.6 billion from European Union funding. A total of HUF 23.5 billion is available for ongoing tenders, HUF 13.4 billion for the tenders called on Friday, while tenders worth HUF 21.9 billion will be announced at the end of April and further tenders worth HUF 15.8 billion in June.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.