The ‘Trilateral Magnetic Exchange’ initiative – TRILMAX aims to make a transformative impact on research excellence at Eötvös Loránd Tudományegyetem—ELTE. Through strategic collaborations with leading centres of excellence in Germany (Helmholtz-Zentrum Berlin für Materialien und Energie—HZB) and Spain (Universidad de Oviedo—UO and Universitat de València—UV) and supported locally by the associated partner Budapesti Műszaki és Gazdaságtudományi Egyetem—BME, our consortium will decisively enhance ELTE’s research capacity, with a particular emphasis on magnetic van der Waals materials.