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MINISTRY: BUDAPEST AMONG TOP EMERGING STARTUP REGIONS

 

The 2021 edition of the Global Startup Ecosystem Report shows that the total estimated value of Budapest’s startup ecosystem grew by around 50% in the past year, to over 200 billion forints (EUR 555m), and Budapest confirmed its place among the best emerging startup ecosystems, the ministry of innovation and technology said on Wednesday. The report said that thanks to the state’s proactive involvement, a significant amount of money has been invested in startups in recent years, the ministry added. The annual report published by Startup Genome compares and assesses 250 locations globally.
The ministry of innovation and technology and the national research, development and innovation office joined the international research project as partners at the end of 2020.