The Reload Hungary Incubation Program, launched in the wake of the coronavirus, ended with an investment offer worth HUF 80 million to help launch four Hungarian startups.
At the closing event, the best projects of the entirely online business development training were presented to Hungarian Bridges (HU.B), an 11-member organization that includes Hiventures and MFB Group’s Startup Campus Incubator.
The program, announced back in June, was unique in that anyone could apply, regardless of their place of residence, and take advantage of the online training. In the end, 110 innovative ideas from eight countries were submitted.
Projects covered everything from agriculture, energy and mobility innovations to educational technologies, HR and recruitment support platforms, hospitality and tourism solutions, and health and lifestyle tech.
HU.B then selected the 15 most promising teams, which then took part in a six-week online training to get the basic business knowledge needed for a startup. The four most talented teams later presented their ideas at the closing event, including BatEye (management support development based on radar technology), Modelix (data science platform based on artificial intelligence and machine learning for SEMs), PharmaVision (new approach to particle size determination based on machine vision technology), and WindowGrin (touch-free interactive digital display).
Hiventures and the Startup Campus Incubator funded each presentation team with HUF 20 million.
“In the economic climate caused by COVID-19, there is an even greater need for programs to stimulate innovation and strengthen competitiveness,” said Zsolt Kovács, the head of the Startup Campus and one of the founders of the HU.B platform.