Applicants for Hungarian-Israeli R&D funds reach highest ever

Already 12 applications for research and development (R&D) funds have been received by the National Research, Development and Innovation Office (NRDIO), some three times more than earlier.

This improvement shows the success for the joined Hungarian-Israeli R&D fund and although the evaluation process is not yet finished, the number of applications and the projects themselves seem very ambitious- officials of NRDIO said in the organization’s official statement.

Any single project can apply for some HUF 200 million from the total budget of HUF 930 million (some EUR 2,9 million) for projects in the fields of food and agriculture, info-communication, cybersecurity, biotechnology, self-driving vehicles and artificial intelligence.

Hungary has already signed similar Science and Technology Cooperation agreements with 37 countries.

NRDIO seeks R&D cooperation with countries that are considered leading innovators in the international R&D arena, where Hungarian know-how, technology and innovation can contribute to international success and can result in successful market entry.

Similar agreement to that with Israel is expected with India and Vietnam still this year.