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181bn forint EU-funded program to support SME innovation launched

Minister Hankó said over HUF 106bn of the program funding would go toward investments that aimed to boost Hungarian SMEs' exports.

Balázs Hankó, Culture and Innovation Minister, on Wednesday announced the launch of a HUF 181bn European Union-funded program to support SME innovation.

Minister Hankó said over HUF 106bn of the program funding would go toward investments that aimed to boost Hungarian SMEs' exports and HUF 75bn had been earmarked to bolster innovation at micro- and small businesses.