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Innovators in urban mobility and smart cities can win HUF 20 million

Startups with innovative solutions to the challenges of urban transport can receive an investment of HUF 20 million — anyone can apply.

The Startup Campus and Hiventures (MFB Group) incubation programs offer young entrepreneurs business training and an initial investment worth HUF 20 million. The programs are supported by the Budapest University of Technology and Economics (BME) and Széchenyi István University of Győr (SZIE).

In recent years, these programs have given startups the opportunity to introduce themselves to a wider audience; past participants include BLOCK Bike (anti-theft bicycle containers), Rollin (e-scooter charging stations), Fastrrr (smart solution for sailing) and Poliloop (demolition of plastics). In addition to valuable training, winning teams have received investment offers worth a total of HUF 259 million since 2018.

The main sponsor of this year’s UNI BME and UNI Győr Startup Programs is the European Institute of Innovation and Technology (EIT), which is looking for ideas and startups in Hungary that will shape the settlements of the future and make urban spaces more livable. The official topic is smart city and urban mobility, but anyone, regardless of industry, can apply.

The organizers are primarily seeking solutions to the biggest challenges of modern urban transport, including managing increased traffic, improving public transport and reducing emissions; other key innovations in this arena include Mobility-as-a-Service, vehicle sharing, vehicle automation, e-mobility, vehicle communication, or any other smart city or urban mobility solution.

Both programs begin with a six-week online business development course to learn the theoretical and practical foundations of a startup, covering lean startup methodology, market entry strategy, and international validation. Also, due to an agreement between Startup Campus and the National Intellectual Property Office (SZTNH), startups will now receive training on intellectual property issues by SZTNH experts.

The most promising teams will be invited to a December startup competition that closes the program, where they can pitch their development to international investors and professionals to win an investment of HUF 20 million.

Applications are open for student and non-student talent from any part of the country until October 25. Foreigners already living in Hungary can also apply. 

Source
www.forbes.hu
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