Smart City Budapest (SCB) Initiative collects grassroots projects connected to the smart city concept. SCB Initiative aims to introduce best practices from businesses, institutions, non-profit organisations and the people of Budapest wit the aim to encourage citizens to take actions for a better city.

One of the city's aims is to increase the number of companies dealing with research, development and innovation in Budapest by ensuring the necessary conditions for development and by creating an inspirational atmosphere. It is important to support innovative start-ups in defining demands and testing products as well as embracing incubation programmes for efficient operation. The implementation of such developments in a campus-like areas helps boost knowledge economy and creative industries. By organizing international conferences, workshops, creative ideas may be imported to Budapest, at the same time local start-ups may enter foreign markets. For achieving goals set out in Hungary’s Digital Start-up Strategy cooperation with the government is essential.