BZAK performs contract research, promotes the training of researchers, and also supports PhD education.
"The aim of Hungary's largest and most successful state-owned institution of applied research, Bay Zoltan Nonprofit Ltd., which is named after the famous physicist, is to improve the competitiveness and efficiency of enterprises in Hungary through successful innovation and technology transfer, in close cooperation with domestic and leading foreign partner institutions." (http://www.bayzoltan.hu/description)
The institutes belonging to the Bay Zoltan Nonprofit Ltd conduct R&D activities in the field of
BZAK was established in 1992 by the National Committee for Technological Development (OMFB) on behalf of the government as a foundation. (OMFB has been reorganised and renamed since then. Its successor is called National Innovation Office since January 2011.)
It was transformed from a foundation into a non-profit Ltd in 2011.
"The Foundation operates as a non-profit organisation and its research and development activity is carried out in the institutes that it has established and owns. The focus of operations at the institutes is the carrying out of applied research tasks. The aim of the institutes’ innovative activity is to develop and adapt technologies, subsequently transferring them with added value. A new aim of the Foundation is to support the popularisation and teaching of certain modern industrial and agricultural technologies by establishing Demonstration Centres. A further important task is to train researchers who will be capable of fulfilling the new expectations set by the globalising market and R&D, through supplementing the Ph.D. courses of universities." (http://www.bzlogi.hu/bzaka/bzaka_angol.head.page?nodeid=709)
The first BZF institute was established in 1993 in Szeged to perform research in the fields of molecular biotechnology, biotransformation and bioremediation (BAYBIO).
The Institute for Logistics and Production Systems was also established in 1993, in co-operation with the University of Miskolc (BAYLOGI). This institute is located on the university campus, and participates in the University’s education programmes, facilitating student access to modern laboratories for research purposes.
The Institute for Materials Science and Technology (BAYATI), was founded in 1995 with the mission to play a dominant role in materials science and technology, especially in the field of laser technology, metal technology and simulation, polymer technology and nanotechnology. BAYATI cooperates with the Budapest University of Technology and Economics on a number of projects.
Further institutes are: the Institute for Applied Telecommunication Technologies (BAY-IKTI), the Institute for Nanotechnology (BAY-NANO), and the Institute for Plant Genomics, Human Biotechnology and Bioenergy (BAY-GEN).
BZAK operates six research institutes.