You are here: For the applicantsFunding schemesCalls to foster RDIArchived callsSmart 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
Modified:
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
Enterprise
Beneficiary groups
Enterprise (non-research type)
Budget
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:

https://www.palyazat.gov.hu/vekop-212-17-intelligens-szakosodsi-kockzati-tkeprogram-1

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.

FURTHER INFORMATION

For further information contact at phone +36 1 795 9500 or email at szakerto_regisztracio@nkfih.gov.hu

The NRDI Fund’s Programme Strategy 2024 supports the implementation of the John von Neumann Programme, which focuses on connecting universities, research institutions and the economy. The priority objective of the Programme Strategy 2024 is to contribute to improving the Hungarian performance in the areas of human resources (number of researchers, number of PhD students, number of STEM students in higher education), number and share of innovator enterprises (number and share of SMEs implementing product and/or process innovation) and intellectual property (IP) (patents, trademarks, designs).

The table below shows the calls planned and launched under the NRDI Fund for the period 2021-2024 and their amounts, broken down by year.

  2021 2022 2023 2024
NRDI budget
(Bn HUF)
189,844 89,838 63,779 176,263*
  Name of the scheme/
Call for proposal
(2021)
Budget
(Bn HUF)
Name of the scheme/
Call for proposal
(2022)
Budget
(Bn HUF)
Name of the scheme/
Call for proposal
(2023)
Budget
(Bn HUF)
Name of the scheme/
Call for proposal
(2024)
Budget
(Bn HUF)
Innovation
Sub-fund

2021-2024
Support for market-driven RDI projects
Support for market-driven RDI projects
2020-1.1.2-PIACI KFI
59,06     Support for Innovation Projects in Focus Areas
Support for Innovation Projects in Focus Areas
2023-1.1.1-PIACI_FÓKUSZ
30,149 SME Focal Area Innovation Programme
SME Focal Area Innovation Programme
2024-1.1.1-KKV_FÓKUSZ
50,00
Fast track programme
Fast track
2020-1.1.5-GYORSÍTÓSÁV
3,00 Fast track programme
Fast track
2021-1.1.4-GYORSÍTÓSÁV
12,85 Fast track programme
Fast Track
2023-1.1.2-GYORSÍTÓSÁV
2,00 Spin-off Programme: bringing research results to market
Fast track
2023-1.1.2-GYORSÍTÓSÁV
7,00
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
0,40 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
0,40 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
0,50 Industrial property tender
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
0,50
International programmes
Support for participation in the ECSEL joint EU initiative
2019-2.1.3-NEMZ_ECSEL;
Support for participation in joint EU initiatives
2019-2.1.2-NEMZ;
Funding for Hungarian Summer Internship programmes for hungarian university students studying in the UK, Germany or Austria
2020-1.2.1-GYAK;
Support for Hungarian participation in EIT KIC
2021-1.2.1-EIT-KIC;
Support to bilateral science and technology (S&T) cooperations
2021-1.2.4-TÉT;
Support for Hungarian participation in the applied research and development programme in Hungarian–Russian cooperation
2021-1.2.5-TÉT-IPARI-RU;
Call for proposals: Support of Hungarian organisations successfully participating in joint international ERA-NET COFUND and EJP COFUND programmes
2019-2.1.7-ERA-NET;
Support for Hungarian participation in the EUREKA programme
2020-1.2.3-EUREKA;
Horizon Europe Accelerator booster call
2021-1.2.2-EU_KKV;
Call for proposals to foster Hungarian participation in the Horizon Europe programme and other joint programmes of the European Union
2021-1.2.3-EU_KP;
Support for the use of international and national research infrastructures
2021-4.1.2-NEMZ_KI;
Support for Hungarian participation in the applied research and development programme in Hungarian–Moroccan cooperation
2021-1.2.6-TÉT-IPARI-MA
3,50 International programmes
Call for proposals: Support of Hungarian organisations successfully participating in joint international ERA-NET COFUND and EJP COFUND programmes
2019-2.1.7-ERA-NET;
Support for Hungarian participation in the EUREKA programme
2022-1.2.4-EUREKA;
Horizon Europe Accelerator booster call
2021-1.2.2-EU_KKV;
Call for proposals to foster Hungarian participation in the Horizon Europe programme and other joint programmes of the European Union
2021-1.2.3-EU_KP;
Support for the use of international and national research infrastructures
2021-4.1.2-NEMZ_KI;
Support for Hungarian participation in the applied research and development programme in Hungarian-Turkish cooperation
2022-1.2.6-TÉT-IPARI-TR;
Support for summer internships for Hungarian students studying abroad
2022-1.2.3-GYAK;
Support for Hungarian participation in the applied research and development programme in Hungarian–Uzbek cooperation
2022-1.2.2-TÉT-IPARI-UZ;
Support for Hungarian participation in the applied research and development programme in Hungarian–Korean cooperation
2022-1.2.5-TÉT-IPARI-KR
6,00 International programmes
Call for proposals to foster Hungarian participation in the Horizon Europe programme and other joint programmes of the European Union
2021-1.2.3-EU_KP;
Support for the use of international and national research infrastructures
2021-4.1.2-NEMZ_KI;
Support to bilateral science and technology (S&T) cooperations;
Support for Hungarian participation in the EUREKA programme
2022-1.2.4-EUREKA;
Support for participation in the Horizon Europe Key Digital Technologies (KDT) partnership
2022-1.2.8-KDT;
EUROSTARS: Support for Hungarian participation in the European Partnership on Innovative SMEs
2022-1.2.7-EUROSTARS;
Call for proposals to support Hungarian organisations successfully participating in joint international calls for proposals of ERA-NET COFUND, EJPCOFUND and other multilateral programmes
2023-1.2.1-ERA-NET;
Call for proposals to support Hungarian organisations successfully participating in the joint international calls for proposals of European Partnerships in Horizon Europe
2023-1.2.2-HE_PARTNERSÉG;
Call for project proposals implemented in bilateral science and technology (S&T) cooperation
2023-1.2.4-TÉT
6,10 International programmes
HU-rizon Programme
2024-1.2.3-HU-RIZONT;
Call for project proposals implemented in bilateral science and technology (S&T) cooperation
2024-1.2.5-TÉT;
Call for proposals to support Hungarian organisations successfully participating in joint international calls for proposals of ERA-NET COFUND, EJP COFUND and other multilateral programmes
2024-1.2.2-ERA_NET;
Call for proposals to support Hungarian organisations successfully participating in the joint international calls for proposals of European Partnerships in Horizon Europe
2024-1.2.1-HE_PARTNERSÉG;
Support for Hungarian participation in the EUREKA programme
2024-1.2.6-EUREKA;
Support for participation in the Horizon Europe Key Digital Technologies (KDT) partnership
2024-1.2.4-KDT;
EUROSTARS: Support for Hungarian participation in the European Partnership on Innovative SMEs (2024-1.2.7-EUROSTARS);
Support for Hungarian participation in the research and development programme in Hungarian–Israeli cooperation
(2024-1.2.10-TÉT-IPARI-IL);
Call for proposals to foster Hungarian participation in the Horizon Europe programme and other joint programmes of the European Union
2021-1.2.3-EU_KP;
Horizon Europe Accelerator booster call (EU_KKV);
Support for active participation in international professional organisations for researchers and research managers (Networking+);
Booster call for the Teaming of Excellence 2025 call;
International cooperation in preparation.
17,155
Announced under international programmes.
(Support for the use of international and national research infrastructures 2021-4.1.2-NEMZ_KI)
  Announced under international programmes.   Announced under international programmes.   Support for the use of international and national research infrastructures
Support for the use of international and national research infrastructures
2021-4.1.2-NEMZ_KI;
0,10
            Large Company Focus Area Innovation Programme
(Call for proposal will be announced later)
15,00
            Innovation Venture Capital Programme
(Call for proposal will be announced later)
9,50
            Development of applied research and innovation services
(Call for proposal will be announced later)
2,50
Investment in the future Fund
Investment in the future
2020-1.1.6-JÖVŐ
7,00            
Development of an applied research network
Participation in the National Network of Applied Research Institutes
2021-1.1.2-AKH
1,63            
University Innovation Ecosystema
University Innovation Ecosystema
2019-1.2.1-EGYETEMI ÖKO
2,46            
KKV Start programme
KKV Start Innovation
2020-1.1.1-KKV START
12,00            
    Centres of excellence
Establishing and developing centres of excellence
2022-1.1.1-KK
20,60        
    Startup Programme
Startup Programme
2022-1.1.2-STARTUP
4,06        
        Incubator Support Scheme
STARTUP FACTORY 2023
2023-1.1.3-STARTUP
5,75    
Research
Sub-fund

2021-2024
Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
PD_21, FK_21, K_21, ANN_21, SNN_21
12,90 Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
PD_22, FK_22, K_22, ANN_22, SNN_22
13,50 Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
Postdoctoral and Young researchers’ excellence programme and Call for thematic research projects ("OTKA")
PD_23, FK_23, K_23, SNN_23
13,50 Excellence-based research funding
Call for EXCELLENCE research proposals
EXCELLENCE_24
Call for ADVANCED research proposals
ADVANCED_24
Call for STARTING research proposals
STARTING_24
Call for proposals for research projects based on Hungarian-Austrian and Hungarian-Slovenian cooperation
ANN_24, SNN_24
19,00
Forefront – Research Excellence Programme
Forefront – Research Excellence Programme
KKP_21
3,00 Forefront – Research Excellence Programme
Forefront – Research Excellence Programme
KKP_22
3,00    
New National Excellence Programme
ÚNKP-21-1, ÚNKP-21-2, ÚNKP-21-3, ÚNKP-21-4, ÚNKP-21-5, ÚNKP-21-6
4,00 New National Excellence Programme
ÚNKP-22-1, ÚNKP-22-2, ÚNKP-22-3, ÚNKP-22-4, ÚNKP-22-5, ÚNKP-22-6
0,828 New National Excellence Programme
ÚNKP-23-1, ÚNKP-23-2, ÚNKP-23-3, ÚNKP-23-4, ÚNKP-23-5, ÚNKP-23-6
0,710 University Research Scholarship Programme
(scholarships announced by higher education institutions)
10,00
Cooperative Doctoral Programme
Cooperative Doctoral Programme
KDP-2021
4,894     Cooperative Doctoral Programme
Cooperative Doctoral Programme
KDP-2023
5,070
Patronage Programme
Science Patronage Programme
MEC_21
1,00         Science Patronage Programme
Science Patronage Programme
MEC_24
2,46
            Research Grant Hungary
Research Grant Hungary
RGH_S_24, RGH_L_24
6,00
            Pension - matching fund
(Call for proposal will be announced later)
0,244
            Own contribution - matching fund
(Call for proposal will be announced later)
0,264
            Proof of Concept: development potential assessment
(Call for proposal will be announced later)
3,00
Thematic Excellence Programme
(National-Health-Defence)

Thematic Excellence Programme 2021
TKP2021
(The budget includes the HUF 1 billion budget of the National Defence Subprogramme of the Cooperative Doctoral Programme (NDPCP-2021), which is closely linked to the National Defence, National Security Subprogramme of the 2021 Thematic Excellence Programme.)
75,00            
    Building the Selye János Student Lab network
Building the Selye János Student Lab network
2022-3.1.1-DIÁKLABOR
2,00        
National Laboratories Sub-fund
2022
    National Laboratories
Establishment and complex development of the National Laboratories
2022-2.1.1-NL
26,60        

* The total budget of the 2024 Programme Strategy.

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