Innovation & Technology

The future is high-tech and green

Out of 51 applicants, 19 companies won HUF 2.5 billion in non-refundable support via the Irinyi Plan’s industry strategy program.

The industry strategy support program of the Irinyi Plan, which has been operating since 2016, is helping to develop and market high value-added products that are also competitive on international markets.

Using HUF 2.5 billion in non-refundable state support, investments to the tune of HUF 7 billion will be realized, László György, State Secretary for Economic Strategy and Regulation of the Ministry of Innovation and Technology (ITM), announced.

Generating interest from 211 companies, 51 companies ended up submitting applications for total funding of HUF 6.8 billion, with which they sought to make investments worth HUF 17 billion. A large number of high-quality projects were submitted to the tender, which is why companies were offered 35 percent support for their investments.

The winners will be making investments in 3D printing, the aerospace industry, metalworking, special-purpose machine manufacturing, and the green economy.

The state secretary emphasized that the future is high-tech and green, and the results from this program show that Hungarian companies are investing in the industries of the future, which will help to improve their export capacity and the Hungarian economy as well as strengthen employment.

The state secretary also spoke about the continuous expansion of the Modern Factories Night program, with more demo plants and workshops where those interested can learn about modern technologies and available opportunities.

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