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Hungary – innovation is supported by more funds

17. December, 2011

The state secretary Zoltan Csefalvay has confirmed that the Ministry of Economy will announce tenders worth a combined 43 mil. Euro for R&D and innovation in January.

 

The funding will be dedicated to the following three areas: start-ups and SMEs, larger businesses and research institutions.

The program will help applicants to prepare EU tenders. Funds available under the EU’s Horizon 2020 for R&D will climb from 53 bil. Euro between 2007-13 to 80 bil. Euro in the next budgetary cycle starting in 2014.