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Formlabs Invests HUF 2 Bn in R and D Centre

MTI-Hungary Today 2019.07.26.

US-based 3D printer manufacturer Formlabs is investing 2 billion forints to set up a research centre in Budapest, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday.

The government is providing a 171 million forint grant for the three-year investment project that will create 100 workplaces, the minister said at a press conference.

Szijjártó noted that the government’s modified incentive system favours technology-intensive investments.

featured image: Szijjártó with Formlabs CEO Ferenc Tajti; via MTI/Zoltán Balogh