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The Future Hungarian Multinationals is now open for round two
Round two of the Future Hungarian Multinationals was launched in the spring of 2020, once again inviting hundreds of businesses to participate, with the goal of selecting not more than 50 for development.
Secretary of State Dr. László György emphasized that the government believes in private businesses offering job opportunities and contributing to local, regional and national economic growth. The program was first launched a year ago. He also added that businesses had the opportunity to acquaint themselves with the details of the program as part of a roadshow with major stations being the capital, Székesfehérvár, Miskolc, Szombathely, Pécs, Kecskemét, Debrecen and Szeged. Registration for the program is free of charge and the selected businesses may receive a 45% non-repayable subsidy.
As in the first round, participating businesses undergo a corporate diagnostics and development plan process, subsequent to which they may receive a HUF 2-36 million non-repayable subsidy to fund consultancy services or a HUF 50-340 million non-repayable subsidy to implement their complex development plans. He also stated that of the hundreds of businesses that registered in the first round, only 104 actually satisfied the entrance criteria.
One of the most basic qualification requirements is that the business must be a micro, small or medium-sized business with at least four completed financial years. An additional requirement is to have a minimum of 5 employees and HUF 100 million in annual net sales revenue. In addition to the sales revenue requirement, medium-sized companies must also demonstrate a 20% annual growth rate, while micro and small businesses a 100% average annual growth rate, or a 50% annual increase in export sales revenues during a defined period.
The Ministry is committed to supporting the creation of strong Hungarian businesses to further the sustainable growth of Hungary.
Source: MTI
Photo: Ádám Szalai
Secretary of State Dr. László György emphasized that the government believes in private businesses offering job opportunities and contributing to local, regional and national economic growth. The program was first launched a year ago. He also added that businesses had the opportunity to acquaint themselves with the details of the program as part of a roadshow with major stations being the capital, Székesfehérvár, Miskolc, Szombathely, Pécs, Kecskemét, Debrecen and Szeged. Registration for the program is free of charge and the selected businesses may receive a 45% non-repayable subsidy.
As in the first round, participating businesses undergo a corporate diagnostics and development plan process, subsequent to which they may receive a HUF 2-36 million non-repayable subsidy to fund consultancy services or a HUF 50-340 million non-repayable subsidy to implement their complex development plans. He also stated that of the hundreds of businesses that registered in the first round, only 104 actually satisfied the entrance criteria.
One of the most basic qualification requirements is that the business must be a micro, small or medium-sized business with at least four completed financial years. An additional requirement is to have a minimum of 5 employees and HUF 100 million in annual net sales revenue. In addition to the sales revenue requirement, medium-sized companies must also demonstrate a 20% annual growth rate, while micro and small businesses a 100% average annual growth rate, or a 50% annual increase in export sales revenues during a defined period.
The Ministry is committed to supporting the creation of strong Hungarian businesses to further the sustainable growth of Hungary.
Source: MTI
Photo: Ádám Szalai