The Hungarian-American Enterprise Scholarship Fund’s roots trace back to the creation of the Hungarian-American Enterprise Fund (HAEF) in 1990. The Fund’s mission is to promote the economic and social development of Hungary. Through the first 10 years of operation, HAESF has been offering various scholarship program opportunities to the most deserving candidates with the aims of investing in Hungarian human capital.

“Candidates of the HAESF program agree to stay in Hungary for 2 years after their return. This guarantees that HAESF fulfills its mission: supporting the economic and social development of Hungary.” – said Mr. Ryan Schwarz, President of the Fund. More than 20 years ago he spent his internship in Hungary through HAEF’s program, which has admittedly benefited him throughout his career.

In addition to the Professional Internship Program for fresh graduates, and the Senior Leaders and Scholars Fellowship open to experienced leaders and academicians, HAESF launched the Entrepreneurship Development Program to help boost the Hungarian small and medium enterprises.

This new initiative offers opportunities for talented Hungarian entrepreneurs who have already launched a startup based on a new idea or technology in Hungary. “Our experts in the U.S. also learn a lot from the talented Hungarians gaining experience in the States, while the professional relationships made and opportunities available during the scholarship program are beneficial for both countries in the long run.” – added the President of HAESF.

Prof. Péter Ákos Bod, one of the former directors of HAEF and former Chair of the Board of Advisors of HAESF talked about the economic impact of the Scholarship Program: “A highly qualified workforce contributes to outstanding work performance; thereby it helps to increase economic productivity as well. Thanks to the opportunities offered by HAESF, talented Hungarians can obtain valuable knowledge and experience in the United States.”

The Scholarship Fund also plays an important role in career building and personal development as well. An impact study conducted among fellows pointed out that 90% of the Alumni was thankful for both their professional and personal development. They expressed that the decisive and pragmatic thinking they learned in the U.S. helps them to succeed in every aspect of their lives. The study also concluded that in addition to the lifelong inspiration and motivation they received, over 50% of them have established an active professional network during their program.

His Excellency Géza Jeszenszky, former Minister of Foreign Affairs during establishment of HAEF and former Ambassador to the United States of the Orbán Government, expressed his gratitude for the role of HAESF in the rebirth of the Hungarian economy and supporting professional and educational exchange between Hungary and the United States. Distinguished guest, The Honorable George D. Gould, former Undersecretary for Finance of the U.S. Department of the Treasury, former President of HAEF, and Chairman Emeritus of HAESF was presented an award acknowledging the contribution of HAESF and the American people.

Further information: www.haesf.org