Early-Stage Research and Development Venture Capital Program
OpenDescription
The venture capital fund manager's implemented capital program aims to provide early-stage financing for innovative start-up or early-stage SMEs with high innovation potential, which promotes technological innovation and the market entry of new ideas – with special attention to projects involving artificial intelligence during selection.
Conditions
Enterprises with high growth potential capable of or committed to R&D&I activities, Their activities align with the objectives of the Smart Specialisation Strategy 2021-2027 (S3 strategy), Primarily innovation and market introduction activities realized above TRL 6 level are eligible for support
Eligible activities
Primarily innovation and market introduction activities realized above TRL 6 technology readiness level can be financed. The program supports the further development and business utilization of technological solutions of enterprises with high innovation potential. Financing is conditional on compliance with the program requirements and the financial intermediary's investment policy.
FAQ
Who can participate in the program?
Eligible enterprises under the call, including non-listed SMEs, which meet the program conditions and are suitable for equity investment.
What developments can be financed?
Primarily innovation and market entry activities above TRL 6 level.
Can Budapest-based enterprises also participate?
Yes. The program has a separate component for Budapest and less developed regions.
What is the total budget of the program?
A total of 18.12 billion HUF: 11.35 billion for less developed regions, 6.77 billion HUF for Budapest.
Is financing granted automatically?
No. In addition to eligibility criteria, the financial intermediary's investment considerations must also be met.