Szeged to welcome HUF 2.5 bln incubator

Recycling

The local council and the University of Szeged, in southeastern Hungary, are planning to establish a HUF 2.5 bln business incubator in the science park adjacent to a European Union-funded superlaser center, city mayor László Botka said today according to Hungarian news agency MTI.

The mayor said that the companies based in the 5,500 sqm incubator will be able to capitalize on research conducted at the superlaser center.

MTI noted that Hungary, Czech Republic and Romania won a joint bid for the European Unionʼs Extreme Light Infrastructure (ELI) project in 2009. In Hungary, the University of Szeged is hosting the project which is expected to open new avenues to expose the secrets of matter on ultra-short timescales.

The center in Szeged is expected to be completed by the end of November, said ELI-HU managing director Loránt Lehrner. Approximately HUF 37 bln has been allocated for the first phase of construction, 85% from EU funds.

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