The establishment of technology- and knowledge-intensive start-up businesses has become increasingly more significant in Hungary since the start of the twenty-first century. More and more researchers and students at universities and research institutions began working on the practical implementation of some aspect of their research area and on bringing that to market. Since the mid-2000s, several large tender announcements have been issued, each providing up to EUR 5 to 10 million in support for joint research projects involving universities and industry. Smaller tenders, providing under EUR 1 million in resources for supporting research, development and innovation, have also become regular. With the launch of the Jeremie program, a total of EUR 300 million was invested and is being invested by venture capital investors in spin-off and start-up businesses promising growth.
February 26, 2017