Business infrastructure

Hungary’s research and development system is working well

Minister of Innovation and Technology László Palkovics reported that resources for R&D and innovation will continue to increase next year.

During the coronavirus epidemic, researchers contributed greatly to the defense. More than a 100 project proposals were submitted, including four ventilator developments, the minister said at the opening of an online conference called “Shift 2.0 – Restart.”

Palkovics pointed out that higher education institutions are changing their operating model, with science and innovation parks being organized around universities.

The government will soon review the financing of the already established network, the minister said, also indicating that HUF 85 billion would be available this year to support healthcare companies. The budget of the Eötvös Loránd Research Network itself will increase by HUF 22 billion.

In the future, the Hungarian state will not withdraw from the financing of higher education but entrust its maintenance to the boards of trustees of asset management foundations.

László György, State Secretary for Economic Strategy and Regulation of the Ministry of Innovation and Technology (ITM), emphasized that there is hope for the Hungarian economy to recover from the crisis caused by the coronavirus. A competitive export capacity has been established in Hungary, and production is restarting continuously. In addition, unprecedented domestic and EU development funds will support the Hungarian economy in 2021 to further increase competitiveness.

Attila Kotán, Chancellor of the Budapest University of Technology and Economics (BME), reported that, among other things, industrial digitization, 5G research, data collection and corporate partnerships are being given priority. In BME’s science park program, a knowledge center is scheduled to be inaugurated in Balatonfüred next year.

Béla Merkely, Rector of Semmelweis University, called for continued preparedness for the coronavirus epidemic and said that another representative survey could begin in the event that the epidemic returns. He confirmed that a second wave could reach Hungary in October.

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