This year, Hungary’s application has also been accepted for the MIT REAP program, launched by the Massachusetts Institute of Technology, the most famous higher education institution of technology in the United States.
Launched ten years ago, MIT REAP (Regional Entrepreneurship Acceleration Program) is an initiative of the MIT Sloan School of Management, providing communities around the world with the opportunity to collaborate with MIT.
The global initiative aims to strengthen innovation-driven entrepreneurial ecosystems, which can have a long-term impact on the local and global economy and social processes, among other things. It is one of the world’s most cutting-edge innovation programs and will help selected regions to be at the forefront of the scene.
From each region, all five major stakeholder groups are represented: government, corporate, academia, risk capital, and the entrepreneurial community. The Hungarian team includes the Hungarian National Bank, the Budapest University of Technology and Economics, the National Research, Development and Innovation Office, Oncompass Medicine Hungary Ltd., 77 Elektronika Ltd.., 4iG Plc., and Design Terminal.