Development Posted on May 21, 2012, by

Our team completed an economic development mission to Hungary May 9-16, 2009. The primary focus of our mission was on the polymer industry in Hungary.

Our objective was to connect with technologists, entrepreneurs and companies engaged in the polymer industry in Hungary that may have an interest in collaborating with companies in the polymer industry in Ohio.

We identified a large number of opportunities, as summarized in the Trip Report, which we are now in the process of following up and taking action on.

We continue to look for exciting new technologies and fast growing companies in Hungary.

Our meetings with Hungarian technologists and companies during the May 2009 trip focused on exploring possibilities of business relationships with polymer companies in Ohio.  Opportunities we uncovered include a wide range of possibilities from simply licensing to deeper levels of collaboration / partnership to joint venture or acquisition to locating in Ohio to access the North American market. The possibilities are exciting.

The polymer industry is Ohio’s largest and most important industry and Ohio is a world leader in the field of polymers.

Read about the results in the Trip Report, and view information about the delegates and the trip to Hungary on this page.

In June 2010, another trip to Hungary resulted in follow-up to some earlier opportunities as well as identification of a number of new possibilities for the future. Read the complete Trip Report – June 2010.

Bringing Innovation, Brain Power and Jobs to the Northeast Ohio Region from Hungary

Our group, here in the Northeast Ohio area, is focused on bringing innovation, brain power and jobs to the region from overseas. “We are looking to attract business investment and opportunities from Hungary to Cleveland,” according to Jeanette Grasselli Brown, co-chair of the CHDP Economic Development program, and well-known on the boards of a number of innovative Cleveland organizations, including the Cleveland Orchestra, the Great Lakes Science Center, and IdeaStream.

“We’ve assembled a group of business people, entrepreneurs and representatives from a number of regional economic development organizations, universities, city governments, and the State of Ohio, who are interested in making this happen and have had some great experience with successfully doing it as well.”  Following in the footsteps of a successful trade mission to Hungary in 2007 that focused on medical technology, this year the focus is on polymers/biopolymers and nanotechnology. — Read the complete news article published prior to the May 2009 trip to Hungary.

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