Hungary’s virtual startup marketplace, EMVITIS, has already received HUF 2 billion to invest. Launched at the beginning of April, five pre-screened projects are currently awaiting launch, while 15 pre-evaluated and qualified projects are waiting for investors and a few even already have deals signed.
EMVITIS connects the most promising Hungarian startups with Hungarian investors looking for new, long-term places to put their money due to the recession. Startups can place their projects on the digital interface, with a focus on smart applications related to smart city concepts, sustainable development and the healthcare sector – so projects that support survival in the current coronavirus crisis and later recovery. These have included a company that offers personalized vitamin dosing and an artificial intelligence-based chatbot system.
Pre-qualified startups can introduce themselves and pitch their work directly to representatives of the largest Hungarian capital investors in a short 15-minute presentation. Gábor Kornis, CEO of Finatech Capital Zrt., Zoltán Siklósi, CEO of Invescom Corporate Finance Consulting Company, and Zsolt Makra, Investment Director of Singulab Zrt., evaluate the startups, while a representative of the Budapest Stock Exchange also participates as a professional observer.
In the last two months, more than 100 startups have registered on the EMVITIS interface; they can enter the marketplace after an automated, AI-based pre-screening and professional qualification.
Beneficiaries to date include businesses and ideas for personal/preventative health, animal health, and digital transformation. EMVITIS has already found an investor or an investor option for Medicall, VetCall, Vitamio and ValueBoard.