Universities and research institutions have a key role to play in strengthening Hungary’s economic competitiveness, said László Bódis, Deputy Secretary of State for Innovation of the Ministry of Culture and Innovation at a press conference on Thursday in Budapest.

30 projects will be implemented from HUF 12 billion under the Hu-rizon Programme, told the minster responsible for culture and innovation to journalists on Saturday in Debrecen.

Hungarian universities and research institutes accumulate a wealth of knowledge, experience, and original ideas, yet only a small portion is transformed into marketable, high value-added products or services that benefit their inventors, the universities, the Hungarian economy, and ultimately the Hungarian people. With the Fast Track programme, the Hungarian government aims to give a boost to scientists and researchers to further develop their innovative results and bring them to market.