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A milestone in the life of Hungarian SMEs: the government has adopted a new smart specialization strategy

Joseph Baudis, Minister of State for Higher Education, Innovation and Vocational Training, noted in the statement that the new National Smart Specialization Strategy (S3) adopted by the government pays special attention to strengthening small and medium-sized enterprises and improving their productivity.

He stressed that the smart specialization strategy valid for the development period 2021-2027 draws national and regional strengths and identifies smart specialization trends that can be based on them. The strategy identifies eight priority areas identified with broad stakeholder participation: agri-food, health, digitizing the economy, creative industries, promoting a resource-efficient economy, energy and climate, services, and developing cutting-edge technologies.

Establishing and adopting the national strategy for smart specialization is a milestone in enhancing the competitiveness of SMEs, supporting entrepreneurship, and exploiting strengths.

Joseph Baudis confirmed. According to the announcement, he continued, “In addition to increasing the performance of research and innovation, S3 is an important tool to effectively address the challenges of the coming period, whether it is industrial digitization, the development of regional economies or even the promotion of cooperation in research, development and innovation.” Joseph Baudis. He added that a national network of regional innovation platforms based on university knowledge centers will be essential to achieving long-term and effective strategic goals.

The final version of the national strategy for smart specialization Available here.

Cover image source: Getty Images

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