The occasion took place in the wake of László Korányi’s preparatory discussion with the Vice President of the Commission in Shanghai on April 25, 2013.

The fundamental purpose of Hungarian scientific research and development has been to enhance the international competitiveness of domestic enterprises. With this in mind, the NIO has assisted the business utilisation and expansion of the manifestations of Hungarian grey matter with each and every possible means at hand on local and global markets.

On his April visit to China, László Korányi held a round of negotiations with senior leaders of public administrative institutions and professional organisations, as well as companies active on an international scale who had shown significant interest in the results of Hungary’s research, development and innovation (RDI).

As a result of these negotiations, the NIO’s Acting President received the delegation of the S&T Commission of Shanghai Municipality (STCSM) in Budapest. The discussion was followed by presentations by representatives of Hungarian companies interested in penetrating Shanghainese market niches.

Members of the delegation, led by President Prof. Dr. Shou Ziqi, highly appreciated the efforts exerted by NIO in broadening bilateral S&T relations, and were given detailed insight into the planning and implementation of Hungary’s national RDI strategy, as well as the procedures of submitting joint S&T project proposals and their assessment and evaluation.

László Korányi conducted a forward-looking and fruitful discussion with members of the delegation, accompanied by the S&T attaché of the Embassy of the People’s Republic of China to Hungary. Both NIO and STCSM have undertaken to expedite joint industrial research and development by their own means, as well as promote the elaboration of joint S&T project proposals which predominantly focus on applied research, and bear potential for commercialisation in the following priority sectors: pharmaceutics, bio- and nanotechnology, agriculture, food safety, environmental protection, as well as water management and purification. Furthermore, the President of the STCSM requested the NIO’s help in the generation of joint projects under the auspices of the EU’s 7th Framework Programme for Research and Technological Development (FP7).

Five domestic enterprises, largely active in the above these areas, were given the opportunity to introduce their ripe projects in the form of brief presentations at the event.