Innovation & TechnologyStartup

MVM EDISON startup winners offer up solutions to food waste and air pollution

The top three teams can receive seed money of up to HUF 50 million from MVM Group.

Changes in the world and the market environment are constantly posing new challenges to even the largest companies. In the recent period, we have had to be ready for trends to change every day and that requires immediate reactions. Today, it is more important than ever to find innovative tools that can significantly contribute to increasing the efficiency of energy supply and corporate operations, Zsolt Bertalan, Chief Technology Innovation Officer at MVM Hungarian Electricity Ltd, said. 

More than 700 entries were submitted to the jury’s table for this year’s competition. The eight finalist teams took part in an intensive, two-month training where experts from MVM Group’s incubator company, Smart Future Lab Zrt., provided them with support to turn projects into investment-ready, “startup-ready” products and services. 

The three winning teams of MVM EDISON 2021 are:

1st place:  EthiCoin

The EthiCoin team combined state-of-the-art fintech solutions and sustainability. Their innovative concept is based on a smartphone application that allows users to get 50 forints worth of EthiCoin for every kilometer they ride on a bicycle instead of driving. According to plans, the forint-denominated values ​​will be redeemable at stores and partners at the forefront of sustainability.

2nd place: TourMix

Air pollution in the EU is currently responsible for the deaths of thousands of people every day, and 15 percent of global CO2 emissions come from road transport alone. The application dreamed up by the TourMix team would revolutionize home delivery by involving the community via a shared-delivery system. Thanks to their solution, orders can arrive in up to 30 minutes, while the environmental load is significantly lowered compared to an average delivery process.

3rd place: GreenIT

An average Hungarian household wastes 65 kilograms of food every year. GreenIT aims to encourage people to collect green waste and reuse it, with a whole new method of composting being offered as a solution. Their idea would be to curb food waste and recycle the generated green waste back into nature.

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