4 woman-owned startups receive HUF 15 million in funding

Hiventures’ StartupHER program was launched on Women’s Day this year to support the business of female entrepreneurs.

The proportion of female managers and female entrepreneurs is extremely low in Hungary. Of the 277 companies in Hiventures’ portfolio, only five are startups run by women. 

Hiventures created the StartupHER Women Entrepreneurship Program a couple of years ago to encourage women to start their own business. 

More than 350 teams submitted their ideas for implementation to this year’s StartupHER Women Entrepreneurship Program. After pre-screening the ideas, 10 teams were shortlisted to take part in a two-day online boot camp to learn the basics of entrepreneurship with the help of  10 renowned female mentors. 

The program ended with a closing event where teams on the shortlist were able to present their ideas to a three-member jury. According to the jury’s decision, four teams won the main prize of the StartupHER Women’s Entrepreneurship Program, funding of HUF 15 million to launch their business:

  1. The Happy Little Planet, an app to promote social and environmentally conscious education of children
  1. Arametry, a web store that sells personalized bags in the name of sustainability
  1. Seahorsey, a manufacturer of recycled plastic toys 
  1. My Food Protocol, a complex, therapeutic diet planning and monitoring platform

Six other teams also presented innovative solutions to the jury. Hiventures incubation investment managers will help them fine-tune their projects.

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