Reload Hungary, a global startup incubation program launched by HU.B (Hungarian Bridges), is looking for innovative ideas that respond to the changed circumstances due to the coronavirus and encourage the relaunch of the economy.
Starting in June, the six-week virtual program is open to anyone from anywhere in the world, even those still in high school. The focus will be on innovative companies with ideas that can respond quickly to today’s changed circumstances – due to COVID-19 – and encourage the relaunch of the economy – post-coronavirus. The program looks to support businesses from original idea to international validation and can also provide an investment of HUF 20 million, thanks to Hiventures and the Startup Campus Incubator (part of MFB Group).
The 12 members of HU.B (Hungarian Bridges) are Startup Campus, HEPA (Hungarian Export Development Agency), Tungsram, the National Research and Development Office, Hiventures, MVM Smart Future Lab, Valor Hungariae, Hello Tomorrow Hungary, the National Office of Intellectual Property, Eximbank, Millenáris and Kézmű. The Reload Hungary Incubation Program is their first joint initiative.
The group hopes to unleash the potential of the next generation as well and supports SMEs and those just starting out. With the help of the internationally experienced mentors and HU.B specialists, participants will acquire the theoretical and practical foundations necessary for starting a business, as well as further develop their existing ideas in response to the crisis.
The best projects will present their ideas at a Demo Day, where they will find out if they have been deemed worthy of the HUF 20 million, first-round investment.
Teams can apply until June 18. The call is also open to large companies and professional mentors who can support the incubator’s professional work. All details can be found on the Reload Hungary website.