Small companies dominate the competition for innovation funding with budget over EUR 65.5 million

Claims for funding exceeded nearly three times the HUF 20 billion (EUR 65.5 million) budget of the call supporting RDI activities of SMEs and large companies from the National Research, Development and Innovation Fund, the submission deadline of which expired on 15 May.

More than 90% of the proposers applying for non-refundable grants of HUF 100 to 600 million (EUR 0.3 to 1.9 million) for their projects, falls into the category of small or medium size companies.

Continued....