You are here: For the applicantsFunding schemesOpen callsSzéchenyi 2020 RDISmart specialisation, venture capital programme – (VEKOP-2.1.2-17)
Smart specialisation, venture capital programme – (VEKOP-2.1.2-17)
Date of announcement: 16 march 2017
Next deadline for submission:
Deadline for E-submission: 21 december 2023
21 december 2023
Deadline for application via post office: Until the funds are available
Submitter of proposal
Beneficiary groups
Enterprise (non-research type)
HUF 5 490 000 000
Number of applications
10 pcs
Funds available per project
HUF 200-1500 Mn
Project duration
2-7 years
Field of research activity
Fundamental research, Industrial research, Experimental development, Innovation
Evaluator of proposals
Managing authority

Deadline for submission:

The programme aims to provide venture capital to high growth potential businesses which have developed innovative products or services. The selected fund managers consider it a priority that the product and service development projects to be funded in the programme should relate to one of the sectoral or horizontal priorities and smart technologies identified in the National Smart Specialisation Strategy (S3).

 The call mirrors the EDIOP venture capital programme announced earlier with a similar objective but it is intended for projects to be implemented in the Central Hungary region (Budapest and Pest county).

Participants of the programme

  • Deputy State Secretariat for the Implementation of Economic Development Programmes of the Ministry of National Economy as Managing Authority
  • Hungarian Development Bank as the implementing organisation of the fund of funds
  • financial intermediaries as fund managers
  • final beneficiaries as eligible businesses under the equity programme

 Financial intermediaries are selected in an open, transparent and non-discriminatory public procurement procedure in line with EU and national law.


The final beneficiaries of the programme

  • SMEs with a high growth potential,
  • in startup or early stage,
  • pursuing or ready to pursue RDI activities.

Preference will be given to projects that directly or indirectly relate to the following objectives and specialisation directions of the National S3:

  • Healthy society and well-being
  • Advanced vehicle and other engineering industry technologies
  • Clean and renewable technologies
  • Sustainable environment
  • Healthy and locally produced food
  • Agricultural innovation
  • ICT and services
  • Inclusive and sustainable society, livable environment
  • Smart technologies

Available budget

The total budget of the equity programme is HUF 5.49 billion. The final beneficiaries will receive HUF 200 to 1500 million capital investment from the financial intermediary subject to the conditions determined in the investment negotiations.

The proportion of private equity

If the venture capital financing takes the form of capital investment, quasi-equity investment or debt investment, the eligible businesses need to involve additional financial sources so that the proportion of private equity on aggregate reaches

  • in the case of eligible businesses which have not yet implemented their first commercial sale in a given market: 10% of the provided venture capital financing;
  • in the case of eligible businesses which have been present in a given market for less than 7 years from their first commercial sale: 40% of the provided venture capital financing;
  • in the case of eligible businesses which, on the basis of a business plan prepared for the purpose of entering a new product or geographic market, request first venture capital financing in excess of 50% of their average annual sales revenue in the previous 5 years and in the case of additional investment into eligible businesses after the above-mentioned 7-year period: 60% of the provided venture capital financing.

Schedule of the programme

  • Announcement of the call relating to the selection of fund managers: by 31 March 2017.
  • Selection of fund managers: 2017 Q3
  • Start of selection of the final beneficiaries: 2017 Q4
  • Adoption of investment decisions: by 31 December 2023
  • End date of settlement period: 31 December 2023
  • Last date of expenditure charged against the Fund: 31 December 2029

(Without refunded sources: 31 December 2023)

  • The duration of the capital fund is 13 years.


Full description of the equity programme:

Széchenyi 2020 customer service:
Phone: +36 1 896 0000
Monday-Thursday: 08:00-16:00
Friday: 08:00-14:00

To ensure value-based professional evaluation of proposals arriving in large quantities from the fields of discovery and applied research and innovation, to assess professional reports of funded projects and to prepare policy opinions, the NRDI Office intends to expand its expert pool in all fields of expertise.

Professionals who have registered in the database of the NRDI Office can become responsible contributors, as independent peer-reviewers, to the evaluation process in which the professional quality, novelty content and commercialisation perspectives of the proposals as compared to the requested funding should be assessed as core considerations.

The registration process can be initiated through the registration form of the NRDI Office’s website. Registration is continuously open.

Requested data within the expert registration form include:

  • personal data, contact details (necessary for contracting review assignments);
  • classification of professional skills and competencies and research areas (to get review invitations fine-tuned to your field of expertise);
  • topics of the previously reviewed proposals;
  • present and past jobs, interest networks (in order to pre-screening of conflicts of interest in a given rview assignment), education, scientific titles, most important publications and intellectual works demonstrating your professional experience;
  • language skills.

Professionals once registered in the database of experts may be invited by the NRDI Office to review submitted proposals, to assess professional reports of funded projects and to contribute to policy opinions.

Each proposal is reviewed by several independent experts at the same time. Experts selected from the database to review proposals, to assess professional reports and facilitate expert opinions will be contracted by the NRDI Office on a case-by-case basis. When concluding such a contract experts must declare that the review assignment is not obstructed by any conflict of interest whatsoever. Depending on the competition type, written expert reviews must be prepared in 15-28 work days and submitted electronically via the online review portal of the NRDI Office.


For further information contact at phone +36 1 795 9500 or email at

The timing and the budget of the RDI funding schemes of the EU-financed operational programme (Economic Development and Innovation Operational Programme Plus - EDIOP Plus) has been approved by the Government within the Annual Development Plan (ADP), upon the proposal of the NRDI Office.

The 2022 calls for domestic RDI proposals financed from the NRDI Fund are set out in the annual Programme Strategy adopted by the Government.
(Government Decree 1414/2022. (VIII. 18.)

The table below shows the calls announced for the period 2021-2027 and their amounts, broken down by year.

(Bn HUF)

(Bn HUF)

Economic Development and Innovation Operational Programme Plusz
136,670 - 5 -
National Research, Development and Innovation Fund
189,384 - 143,8293
ITM (2021) Ministry for Innovation and Technology (2021) 11 - - -
RRF Recovery and Resilience Facility 153,141 - 39,750 -
490,195 - 188,5793 -

NRF= non-refundable
RF= refundable

Calls for proposals
(Bn HUF)

(Bn HUF)



Support of business RDI activities
Stimulating business research, development and innovation
GINOP Plusz-2.1.2-21
136,67 - - -
Targeted R&D services Targeted R&D services to businesses, research sites, and research and knowledge-dissemination organisations
GINOP Plusz-2.2.1-22
- - 5 -
Energetics Calls The implementation of developments for the recovery, storage or market-based use of waste heat through innovative storage or conversion technologies
5 - - -
The implementation of developments promoting innovative electrochemical storage of surplus carbon-free electricity
6 - - -
Practice-oriented higher education Infrastructure and skills development for practice-oriented higher education
81,476 - - -
National Laboratories Establishment and complex development of the National Laboratory
71,765 - - -
Higher education courses and services adapted to the core activities of adult education institution Institutional innovation of higher education courses and services adapted to the core activities of adult education institutions and strengthening of adult learning activities in higher education
RRF-2.1.3- 22
- - 39,750 -
Innovation Sub-fund
Support for market-driven RDI projects Support for market-driven RDI projects
2020-1.1.2-PIACI KFI; 2021-1.1.3-PIACI KFI
59,06 - 40,4673 -
KKV Start programme KKV Start Innovation
2020-1.1.1-KKV START
12 - - -
Fast track programme Fast track
2020-1.1.5-GYORSÍTÓSÁV; 2021-1.1.4-GYORSÍTÓSÁV
3 - 12,85 -
Intellectual property Support of activities fostering the domestic and international protection of intellectual property with the aim of facilitating the utilisation of such intellectual property
2020-1.1.3-IPARJOG, 2021-1.1.1-IPARJOG
0,4 - 0,3 -
University Innovation Ecosystema
University Innovation Ecosystem
2019-1.2.1-EGYETEMI ÖKO
2 - - -
International programmes 2019-2.1.3-NEMZ_ECSEL (2021); 2019-2.1.2-NEMZ (2021); 2020-1.2.1-GYAK (2021); 2021-1.2.1-EIT-KIC (2021); 2021-1.2.4-TÉT (2021); 2021-1.2.5-TÉT-IPARI-RU (2021) 2019-2.1.7-ERA-NET (2021. 2022); 2020-1.2.3-EUREKA (2021, 2022); 2021-1.2.2-EU_KKV (2021. 2022); 2021-1.2.3-EU_KP (2021, 2022); 2021-4.1.2-NEMZ_KI (2021, 2022); 2021-1.2.6-TÉT-IPARI-MA (2021), 2022-1.2.4-EUREKA (2022); 2022-1.2.6-TÉT-IPARI-TR (2022); 2022-1.2.3-GYAK (2022); 2022-1.2.2-TÉT-IPARI-UZ (2022), 2022-1.2.5-TÉT-IPARI-KR (2022) 3,5 - 6 -
Centres of excellence
Establishing and developing centres of excellence2022-1.1.1-KK - - 20,7 -
Startup Programme Startup Programme - - 8,5 -
Investment in the future Fund Investment in the future
7 - - -
Development of an applied research network Participation in the National Network of Applied Research Institutes
1,63 - - -
Research Sub-fund
Thematic Excellence Programme 2021 Thematic Excellence Programme
75 - - -
New National Excellence Programme New National Excellence Programme – Call for Research Scholarship Applications for Undergraduate Students
ÚNKP-21-1; ÚNKP-22-1
0,60 - 0,828 -
New National Excellence Programme – Call for Research Scholarship Applications for Graduate Students
ÚNKP-21-2; ÚNKP-22-2
New National Excellence Programme – Call for Research Scholarship Applications for PhD Students
ÚNKP-21-3; ÚNKP-22-3
1 - 1,2 -
New National Excellence Programme – “Power Up Science!” Call for Research Scholarship Applications for Doctoral Candidate sand Postdoctors
ÚNKP-21-4; ÚNKP-22-4
0,832 - 1,052 -
New National Excellence Programme – Call for Scholarship Applications for Bolyai+ Higher Education Teachers and Researchers
ÚNKP-21-5; ÚNKP-22-5
1,40 - 0,70 -
New National Excellence Programme – “Power up your Talent!” Call for Research Scholarship Applications for New Higher Education Students
ÚNKP-21-6; ÚNKP-22-6
0,168 - 0,22 -
Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects (OTKA)
PD_21, FK_21, K_21, ANN_21, SNN_21
PD_22, FK_22, K_22, ANN_22, SNN_22
12,9 - 13,5 -
Patronage Programme Science Patronage Programme
1 - - -
Forefront – Research Excellence Programme Forefront – Research Excellence Programme
KKP_21, KKP_22
3 - 3 -
Cooperative Doctoral Programme Cooperative Doctoral Programme
4,894 - 2,832 -
Strategic R&D centres Strategic R&D centres
- - 3 -
Development of the Selye János Student Lab Network Development of the Selye János Student Lab Network - - 2 -
National Laboratories Sub-fund
National Laboratories Establishment and complex development of the National Laboratories
- - 26,6 -
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