Innovation in Hungary
Innovation is crucial to the continuing success of any organization. Find better solutions that meet new requirements, unarticulated needs, or solve existing market issues.
The innovative capabilities of the Hungarian ICT sector are best illustrated by the number of national innovative companies and startups that have emerged in the course of the years.
Many of the latter aim at operating on international markets and are already recognized as leading innovators in their respective fields on a global scale.
R&D in Hungary
The Hungarian Government has dedicated numerous resources to achieve its goal of becoming one of the EU countries with the most highly developed industrial sectors by 2020. In order to modernize the industrial production and adding value to its economy, Hungary is shifting towards an innovation-focused economy and supporting the industrial sector by investing in research and development projects as well as tertiary and vocational education programs. Various funding and tax incentives are provided at:
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- Regional
- National
- EU level
Hungary has modified its taxation and R&D incentive system to make the country the next primary innovation hub for the CEE area. As a result, more than 220 R&D centres have been working in various fields to make this goal a reality.
How We Do It?
Wherefor is devoted to its ecosystems, investing considerable time and resources for their improvement.