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2020 Hungarian Innovation Grand Prix awarded
07 July 2021
Last modified: 09 July 2021
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Budapest, Wednesday, 7 July 2021 (MTI) – The 2020 Hungarian Innovation Grand Prix and Innovation Awards were presented at the Ministry for Innovation and Technology (ITM) on Wednesday, with the grand prize going to Richter Gedeon Nyrt for the creation of Terrosa, a new biosimilar Hungarian drug.

At the ceremony, Tamás Schanda, Parliamentary and Strategic State Secretary of the ITM, stressed that the right answer to the challenges lies in continuous innovation and a patriotic economy.

The Secretary of State said: it has been proven that in the serious situation caused by the pandemic, it is important to have a stable economic background, sovereign national policy, unity and a patriotic economy. The government has used a number of tools to protect and relaunch the economy, and thanks to the vaccinations Hungary is one and a half months ahead of other European countries in reopening, he said.

Regarding the Hungarian Innovation Grand Prix, Tamás Schanda recalled that it was established by the Hungarian Association for Innovation in 1991, after the regime change, to recognise companies that had made significant innovations and achieved outstanding business benefits in the year preceding the award.

Gábor Szabó, President of the Hungarian Association for Innovation, said in his welcome speech that the Association’s grand prize competition is one of the best tools for spreading innovation culture.

Péter Závodszky, President of the Hungarian Innovation Foundation, which launched the competition, pointed out that innovation contributes to the country’s competitiveness and indicated that Hungary has moved up 5 places in the competitiveness ranking.

The ITM’s 2020 Industrial Innovation Award was awarded to Additive Manufacturing Technologies Hungary Kft for the development and production of automatic surface treatment equipment for 3D printed parts.

TEQBALL Kft has won the 2020 Industrial Innovation Award of the National, Research, Development and Innovation Office for a mass-producible Teqball table called TEQ LITE.

The Hungarian Association for Innovation’s 2020 Startup Innovation Award was awarded to Femmetex Hungary Kft for the “this is Redy” intimate women’s underwear.

Source: MTI

Updated: 09 July 2021
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