More Hungarian companies are expanding internationally. On November 13, 2020, as part of the Business Promotion & Development Campus (BPDC) program, the Embassy of Hungary in Washington DC organized a personalized virtual mentoring day to promote the U.S. market expansion of Hungarian tech firms. On November 17, this event was followed up by a professional workshop for the innovative businesses – Blackbelt, Quadron, Cydrill - who had all previously participated in the embassy’s fall 2019 BPDC program.
On the first day of the program, the companies were given the opportunity to jointly participate in a training on U.S. legal, sales, and taxation issues. Then, separately, the representatives of the companies had the chance to present their products and services to the invited American experts, with whom they were able to discuss in detail various business development opportunities and market entry strategies. On the second day of the program, the three innovative companies met with the Maryland Department of Commerce and the Montgomery County Economic Development Corporation to discuss economic and market opportunities in the DC-Maryland region.