Participants will have the opportunity to meet international investors and professional partners in Silicon Valley after the event, the Ministry of Innovation and Technology told MTI.
According to the ministry, the startups were selected through a two-round process, taking into account not only their professional preparation and achievements, but also the expected receptiveness to their work and English language skills. The teams were provided with information about the event and the U.S. market, along with personalized advice from national and international experts, including a Silicon Valley investor.
After CES, the 12 tech startups will have the opportunity to spend nearly a week on a study tour, demonstrating their skills in a series of business meetings.
According to Károly Balázs Solymár, Deputy State Secretary for Digitalisation at the Ministry of Innovation and Technology, the INPUT Program’s outreach services provide domestic startups with knowledge and networking opportunities by international experts with in-depth knowledge of the target market. Now, teams can test their skills live at the Pitch Global event, where they can pitch to investors. The Hungarian companies include a new generation of respiratory inhalers, portable biosensors, machines for at-home 3D printing from plastic waste, and real-time support plans for pest control, he added.
Krisztián Kölkedi, deputy CEO of the Express Innovation Agency, said the agency aims to support Hungary’s entire startup ecosystem.