GINOP

GINOP is a Hungarian acronym that stands for Gazdaságfejlesztési és Innovációs Operatív Program, which translates to the Economic Development and Innovation Operational Programme. It is one of the main operational programmes funded by the European Union within the framework of Hungary's cohesion policy. GINOP aims to support the competitiveness and innovation of Hungarian enterprises, particularly small and medium-sized enterprises (SMEs).

The programme focuses on several key areas. These include research and development (R&D) and innovation, which aims to foster technological advancement and the adoption of new technologies by businesses. Another significant area of support is enterprise development, which provides funding for investments, modernization, and the expansion of business activities. GINOP also targets the digital transformation of businesses, encouraging the adoption of digital tools and processes to improve efficiency and market access. Furthermore, the programme supports the development of a skilled workforce through training and education initiatives.

Funding for GINOP is provided through the European Regional Development Fund (ERDF) and the European Social Fund (ESF). The programme plays a crucial role in Hungary's efforts to modernize its economy, create jobs, and enhance its integration into the European single market. It operates through various calls for proposals, allowing eligible entities to apply for funding for specific projects that align with the programme's objectives. The implementation and specific priorities of GINOP can be updated over different programming periods of the EU's multiannual financial framework.