Labor & EducationStartup

Óbuda University and Széchenyi Funds create a HUF 1.5 billion startup investment company

The current agreement and the establishment of the joint company is only the first step in the realization of much more important long-term goals.

Óbuda University and Széchenyi Funds Zrt. will set up an investment company with HUF 1.5 billion in capital to support early-stage research, Óbuda University told MTI on Monday.

The cooperation between the two institutions can help regional startups already incubated or not in need of incubation, based in Hungary or moving here, to grow rapidly, making them suitable for a next round of investment by Széchenyi Funds or other market investors.

Levente Kovács, the rector of Óbuda University, announced that the venture capital company to be set up can count on the services provided by the university’s laboratories and technical teams, such as the Antal Bejczy iRobotics Center and the University Research and Innovation Center. include prototyping and testing, the involvement of industrial partners, and the use of the university’s intellectual property expertise and network.

Dénes Jobbágy, president and CEO of Széchenyi Funds, said that the exploitation of the knowledge assets and international scientific network accumulated at universities and the dynamic development of the university innovation ecosystem are of key importance from a national strategic point of view.

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