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Smart Specialisation Strategy puts SMEs in focus in Hungary

The S3 strategy identifies priority areas of support which include agriculture and food production, healthcare, digitalization of the economy, creative industries, energy, services and cutting-edge technologies.

The innovation and technology ministry has underlined how the Smart Specialisation Strategy (S3) adopted by the government for the 2021-2027 period puts the corporate sector in its focus and is aimed at supporting and enhancing the productivity of SMEs.

According to MTi, the strategy identifies priority areas of support which include agriculture and food production, healthcare, digitalization of the economy, creative industries, energy, services and cutting-edge technologies. The ministry states that the coronavirus epidemic has shown the vast potential in the Hungarian SME sector. A continued support must be provided to ensure a stable operation of SMEs, which employ more than two thirds of Hungarian workers. “We are working to make Hungary one of the major innovators in Europe by 2030 by increasing the efficiency of the corporate sector,” the statement quoted József Bódis, State Secretary for Innovation, as saying.