He said: in developing the funding schemes, the Office focuses on R&D and innovation expediency in terms of exploratory researches, targeted researches and innovative businesses alike, ensuring that the continuously opening R&D funds are really used for projects that result in competitivness-enhancing outcomes and not mixed with funding schemes with general economic development purposes for which funding is available from various other sources.

The primary goal is not to ease or tighten application conditions, but to build up a funding portfolio and assessment system that enables Hungarian players to obtain incentive funding for any phase of their actual research, development and innovation activities.

He added: this systematic renewal of the research, development and innovation funding scheme is aimed at putting Hungary’s research, development and innovation on a new growth path both in terms of approach and culture, while making the research funding system sustainable.

By the end of the decade, about HUF 1200 billion is available for research, development and innovation purposes from EU and national funds. This year, a total of HUF 257.5 billion is available under the Economic Development and Innovation Operational Programme (GINOP), HUF 13 billion under the Competitive Central Hungary Operativonal Programme (VEKOP), and HUF 27.1 billion from the National Research, Development and Innovation Fund (NRDI Fund), said József Pálinkás, highlighting that the EU funds, which are limited due to the level of development of the Central Hungarian region, will be supplemented from the NRDI Fund of designated corporate innovation contributions.

Source: MTI