The EU Industry Day Budapest 2019: Scaling Hungarian SMEs in global markets joins wider EU Industry Week local events happening across Europe between January and March 2019. Organised by Europdev in partnership with the European Commission, this masterclass event assembles Hungarian businesses and international experts to activate discussions on elevating innovation and industrial competitiveness in Hungary through internationalisation. This unique business gathering takes place on 20 March at KAPTÁR— a Forbes top five best coworking space globally and itself a pioneer in the local entrepreneurship scene.

Relevance / Despite strong headwinds in global trade politics, doing business beyond borders remains center-stage under the renewed EU Industry Policy Strategy on investing in a smart, innovative, and sustainable industry. To bolster Hungary’s growth momentum, capturing commercial opportunities in overseas markets remains vital as the European Commission estimates 90 per cent of global economic expansion to originate from non-EU regions in the coming decade. Furthermore, given that Hungary’s economy is overwhelmingly built on small and medium enterprises (SMEs), as is virtually the case across Europe, improved access to international markets and better integration in global value chains are crucial for Hungarian SMEs as growth and job multipliers.

Sectors / Hungarian innovators and SMEs from the following industries are expected to join the event:

Four key sessions will explore the following themes:

Keynote: Innovation and internationalisation ecosystems

This session explores the linkages between innovation and internationalisation and what they mean for enabling Hungarian SMEs to compete in global markets. Industry experts map out key EU support measures available for Hungarian enterprises with ambition to innovate locally and grow globally; particular points of interest include the EIT Innovation Communities framework (confirmed) and the Visegrad Fund grants (tbc).

Briefing: New-generation EU free trade agreements

This session discusses the key benefits stemming from the EU’s free trade agreements with Canada, Singapore, and Vietnam, and what practical measures need to be taken so that ambitious Hungarian innovators and enterprises are poised to translate their preferential status to actual trade gains.

Masterclass: Doing business in Singapore & Indonesia

This session informs Hungarian enterprises on how to navigate opportunities and challenges when it comes to doing business in Southeast Asian markets through international trade and IPR support schemes funded by the European Commission. A roaring Hungarian tech startup will also share their experiences on expanding to the Singaporean market.

Business-to-business matchmaking: Trading beyond Europe

This concluding session provides an opportunity for outward-looking Hungarian enterprises to engage in pre-arranged B2B consultations with foreign trade advisers.

For more details about the programme, please read this information kit.

This local event is organised in cooperation with: