AImotive Amuse Conference Antal Karolyi Barion Payment BnL Growth Partners BrainBar Budapest Budapest Startup Safari CEU InnovationsLab Craft conference Crunch Conference Day One Capital Design Terminal Euroventures HubHub Hungary-Startups Kitchen budapest Kubik Lead Ventures Loffice Minneráris Startup Campus Oktogon Ventures OXO Labs Portfolion Shapr3D Spark Lab Szabolcs Botond Talk-a-bot Tech Think BDPST Turbine AI X-Ventures Zsolt Waiszbart

Budapest’s startup ecosystem at a glance

Budapest’s startup ecosystem at a glance

If you need to make a tremendous presentation, you flip to Prezi. Whenever you need to place a stay streaming content online, you used Ustream. Both startups started their journey in Budapest a decade in the past, a Central European city with rich historical past and delicious pastries. Nowadays, Budapest is a thriving startup metropolis, with a strategic location on the river Danube, a wide range of instructional institutes, a large pool of extremely skilled builders and an upward development in investments.

Here is an summary of Budapest’s startup ecosystem:

The City’s prime startup hubs

HubHub – HubHub is a worldwide coworking supplier with places in Bratislava, Warsaw, Prague, London, which opened its Budapest department in 2018.  Very best for up to 300 freelancers, startups and entrepreneurs, HubHub units a new normal for coworking, networking and group constructing. Refreshments and drinks, bike parking, personal storage, sit back and gaming zone are additions to the regular package deal, together with a busy event agenda.

Kubik – As probably the most widespread coworking locations in the metropolis, Kubik gives absolutely outfitted workstations, assembly rooms and furnished workplaces, with full amenities on board. The showers and the proximity of Margaret Island make Kubik wonderful selection for many who need to mix work with exercise. Plus: the KUBIK Café, with superior coffee, tea or selfmade soda and sandwiches.

Minneráris Startup Campus – The most recent addition to the Budapest startup scene is coworking haven. 200 workstations, 24 workplaces, two workshop rooms, and one convention room are designed to offer entrepreneurs with a perfect working setting, whereas the extra occasion area is definitely adjustable to suit any of the meetups, conferences, workshops, hackathons, particular packages, or events happening. Plus: a hopping faculty and an open-air health club on the terrace.  

Loffice – One of the first coworking areas in Budapest, Loffice is definitely an awarded coworking area. Winner of two Greatest Coworking Area awards at the Central European Startup Awards and two Loveable Workplaces Awards, Loffice gives coworking area and personal workplaces, in an amazing environment full of a world crowd. As well as, they offer a retreat package deal for their Balaton house, where you possibly can work while having fun with the lakeside.

Kitchen Budapest – Kitchen Budapest is the Open Innovation manufacturing unit of Telekom Hungary. Based in 2007 by media artists, theoreticians and coders. Kitchen Budapest has three foremost features: prototyping, testing, service design, UX/UI design actions, instructional packages, and business collaboration. The maker area is nicely outfitted and is a daily host of hackathons, strain cooking periods and other DIY occasions. Simply a spot the place ideas come to life.

Prime 5 of the town’s most promising startups

AImotive – AImotive offers AI-powered self-driving know-how and their present portfolio includes AIdrive, a modular software powering autonomous driving, aiSim, a real-time simulator for the autonomous world and aiWare, hardware system. With a workforce of over 200 members, three workplaces in Budapest, Mountain View, and Tokyo, AImotive will surely be an enduring brand within the self-driving business.

Barion Cost – Barion is a web-based and cellular cost startup, which allows monitoring on-line purchases, sending and receiving cash totally free,  withdrawing funds, managing financial institution playing cards and so on, all via an app 24/7. Obtainable in more than 5000 on-line outlets and in English, Czech, Slovakian, Hungarian and German. Transactions are free of cost, however knowledge is collected with the goal of building the worldʼs largest shoppersʼ database.

Shapr3D – The world’s first professional 3D CAD app to run on an iPad Professional referred to as Shapr3D was launched in 2015 and has since introduced a revolutionary 3D modeling experience for a lot of mechanical engineers, interior designers, graphic designers, CAD architects, industrial designers, jewellery makers, 3D hobbyists, and more. The very best-rated CAD in the App Retailer presents all the required features to offer an unforgettable artistic course of.  

Speak- A – Bot – A proud associate of Viber, Nestlé and Sziget pageant, Speak-A-Bot is an enterprise chatbot provider, offering chatbots tailored to organizations’ brand and distinctive needs in a variety of industries corresponding to media, e-commerce, monetary providers, utilities and more. Additionally they supply superior providers, corresponding to advertising integration and large knowledge capabilities. Based in 2016, with over $2.3 million in funding, Speak-a-Bot is bringing chatting to a different degree.

Turbine AI – The winner of the Startup of the Yr award at the Central European Startup Awards is utilizing AI in the bid to struggle towards illnesses. For instance, they mannequin how cancer works on a molecular degree, run experiments in a matter of minutes on their servers, and check potential medicine on it every day. Not solely that they may help pharmaceutical corporations in understanding how a disease works, but in addition matchmake sufferers with right medicine, and personalize remedy mixtures.

The town’s most lively VCs

Euroventures – Euroventures is likely one of the most established enterprise capital companies in Central Europe founded in 1989. Guided by Tánczos Péter, Euroventures targets revolutionary corporations in search of €1-5 million to fund technical improvement, investment and enlargement in all kinds of industries, together with info know-how, healthcare, software program and business providers. Notable investments embrace Rising Stack, Bankmonitor, Tresorit, Orthosera, SequenceIQ and extra.

Lead Ventures – One of many newest enterprise capital companies in Budapest is Lead Ventures. Power, mobility, retail, IoT, chemical compounds, and sustainability are their fields of curiosity, for which they sometimes provide investments of EUR 2-10m, concentrating on collection A-B financing rounds. Beyond capital, additionally they provide experience and help to their portfolio corporations. Notable investments: GA Drilling and Codecool.

Bnl Progress Companions – In 2015 the previous IND Group founders, Balázs Vinnai, József Nyíri and Viktor Bálint determined to make use of their information and expertise to assist FinTech corporations with recommendation and capital. They founded BnL Progress Partners, as personal equity and sensible cash advisory boutique firm and have thus far invested early stage funding of € 1–5M in Codecool, IND, Scolvo, W.UP, be-novative and more.

Portfolion – Backed by OTP Group, one of the largest banking groups within the CEE region, Portfolion is presently managing 5 funds: OTP Digital Fund, PortfoLion Regional Fund, PortfoLion Green Fund, OTP Enterprise Capital Fund I and OTP – DayOne Seed Investment Fund. Notable investments embrace CodeCool, Tresorit, Banzai Cloud, Speak-A-bot, Seon, Cellum, AImotive and more.

X-Ventures – X-Ventures is Hungary’s leading venture fund administration company, encompassing the actions of X-Ventures Alpha and X-Ventures Beta. Main goal industries embrace IT and biotechnology but in addition wanting into well being care, logistics, electronics, and equipment. Notable investments embrace Attrecto, Chatboss, AerinX, Balaton dock, Boadree, E-solar Hungary, Noispot and more.  

Most lively enterprise angels

Day One Capital – Day One Capital is the first institutional enterprise angel fund in Hungary,  investing in early-stage startups working in the fields of internet, software program, cellular, medical know-how, cloud, biotechnology and shopper providers. Named as Investor of the Yr in Hungary in 2015, 2016 and 2018 by the Central European Startup Awards, Day One capital has to date invested in Tresorit, Speak-a-Bot, Aeron, Gamee, AImotive, Kinestica and extra.

Oktogon VC – The most recent addition to the venture capital market in Hungary is Oktogon. Founded by former Ustream founder, Gyula Fehér and Veronika Pistyur from Bridge Budapest, Oktogon Ventures is a €20 million fund specializing in seed investment within the CEE region. With just some months in operations, they have already made investments: Recart and Bitrise.

Antal Karolyi – Antal Karolyi is usually often known as a Traction Tribe co-founder and companion, a enterprise accelerator that assists Central European businesses in reaching the US market. He’s an lively angel investor by way of the Hungarian Enterprise Angel Network, the place can also be serves as its President. His portfolio corporations embrace: Bizsok Loudspeaker Manufactory, iLandGuide Worldwide Inc., Publio Publishing, Ntice, Brandvee Ltd.

Szabolcs Botond – Szabolcs Botond is the CEO at Visual Europe Group, however he’s also called a startup enthusiast, investor and mentor. As an entrepreneur himself, he co-founded Order-taker, where he still serves on the board. He is also a associate at OXO Technologies Holdings, a number one funding firm of the tech sector within the CEE region and has thus far invested in VR-AR Schooling Inc, KitchenBox and extra.

Zsolt Weiszbart – Zsolt Waiszbart is a well known Hungarian angel investor, who can also be a enterprise associate of Day One Capital and managing associate at A3 Ventures. Again in the days, he was a co-founder of the White Summers Co-founder Program and Valley Connect, one of many first seed investment packages in Hungary. The Stanford Graduate Faculty of Business alumni has been investing in startups since 2010 and his record consists of Distinction Ltd (acquired by Skyscanner), Sharp3D, Now Applied sciences.

Necessary Accelerators and Incubators

Design Terminal – Design Terminal gives a Three-month long accelerator program for international startups focusing on four pillars: working & studying, healthcare, mobility, and surroundings. Startups are provided entry to coworking place, top-notch mentors, company partnerships, providers from Google, IBM, Amazon value €150okay, monthly scholarship to cowl a number of the dwelling expenses in Budapest and numerous metropolis discounts. Plus: no fairness. 

CEU InnovationsLab – The CEU iLab is a flagship product of the Central European University. It features as a non-equity startup incubator where CEU students, alumni, and school can work together on their business concepts, offering them furnished workplace area, access to CEU community, prospects for venture capital, angel investment, and different types of progress equity, and so forth. In 2017 it was named Greatest Accelerator and Incubator Programme in Hungary on the Central European Startup Awards.

OXO Labs – Oxo Labs run each incubation and acceleration packages, to early-stage startups within the part of creating concepts, merchandise, validating the market and the enterprise mannequin. Annually 15 to 20 tasks and groups compete for up to €200okay within the form of equity or convertible word financing. Access to a wide network of mentors and business specialists and common workshops and meetups are part of the package deal as properly.

Start it @Okay&H – Start It’s a know-how incubator and group area supporting startups from Hungary & CEE region, backed by the Okay&H Group. This system supplies selected startups with workplace infrastructure, ongoing mentoring, counseling and training, and networking events.

SparkLab – Operated by NN Insurance coverage Hungary, Sparklab is a non-equity startup incubator providing a Three-month, boot camp type, a mentorship-driven program built on 3 pillars: Discovery, Constructing and Selling. They are in search of options that enhance the standard of life of people, which means something from food & beverages to finance, in change for top-notch mentors, entry to NN Insurance coverage Hungary, superior coworking area and rather more.

The town’s hottest startup/tech occasions

BrainBar – If we might decide three words to explain BrainBar they might be entertainment, schooling and future. Thinkers, businessmen, artists and politicians from everywhere in the world are invited to question the status-quo, drive discussion and spark debate on the longer term. Additions embrace mastermind periods and job market. Subsequent edition: Might 30-31, 2019

Craft Convention – Cut up between two days of workshops and two days of periods, Craft Convention is concentrating on engineers, staff leaders, agile coaches, engineering managers, executives/founders, UX/product individuals, offering them a platform to debate latest developments in software program improvement. Backed by two Budapest-born startups IBM Budapest Lab and Prezi, Craft Convention was named probably the greatest conferences in Europe by TechCrunch. Subsequent edition: Might 7-10, 2019.

Crunch Conference – Crunch is the most important knowledge engineering and analytics conference in the CEE region. Over three days, individuals are provided a full day hands-on workshops and two days of convention with ultra fascinating speakers. In the same time, Amuse Convention bringing collectively Usability Expertise (UX) individuals to share ideas, experiences, and tools. about UX design, consumer research, service design, creativity, product design, recreation & VR design, and more. Next version: October 16-18, 2019.

Assume BDPST – Organised by the Antall József Information Centre, assume.BDPST is a strategic convention focusing on perspectives of analysis, innovation, and future technologies, consisting of three elements: a regional innovation convention, a Younger Leaders’ Discussion board and Startup Expo. Subjects to be coated in the 2019 version are sensible residence, sensible options, and digitalization and challenges related to it. Next version: April 4-5, 2019.

Budapest Startup Safari – Startup Safari is a multi-day occasion occurring in cities everywhere in the world, offering a glance inside the local startup scene. The Budapest version involved 3 days of 300 packages, over 5,000 individuals on 70 venues. Wonderful opportunity to current your work, meet the local players, set up connections, find a job or take heed to nice lectures. Subsequent edition: 17-19 April, 2019.


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