Science and innovation parks to be built at the Óbuda University

The government has allocated 57.5 billion forints (EUR 160m) to set up three science and innovation parks to be run by the University of Óbuda, Finance Minister Mihály Varga said on Friday.

Varga said work on the last of the three parks would start in Zsámbék, on the outskirts of the capital, within a month. The park there will focus on cybersecurity, artificial intelligence, medical technology and robotics, he added.

The University of Óbuda is also setting up a mechatronics park in Székesfehérvár, in north-western Hungary, and a smart industry and defence sector park in Kaposvár, in the south-west.