Startup Hungary – a technocrat – helps the Hungarian ecosystem as a gap-filling initiative

It will be a knowledge base, advocacy, community and information point for the Hungarian startup sector Startup Hungaryby a Hungarian ecosystem well-known and internationally proven actors.

For the first time, 12 startup founders and Google Hungary, IVSZ and Design Terminal have simultaneously formulated the common intention. The main goal of the organization is to create and operate more and better high-impact startups in Hungary.

The founder of twelve well – known Hungarian startups is Google, az IVSZ and the Design Terminal with the support of Startup Hungaryin order to create, operate and grow more internationally successful startups in Hungary. The initiative fills a gap: for the first time, founders are setting up an advocacy organization for startups who, with their significant experience in the sector and the resources at their disposal, can credibly represent the long-term goal of ecosystem development. The members of Startup Hungary assumed that similar initiatives launched by startup founders would have the greatest impact in other ecosystems.

Péter Orvai (Prezi), Péter Balogh (ex-NNG, Baconsult), Gyula Fehér (ex-Ustream, Oktogon Ventures), Zoltán Györkő (ex-Balabit), Péter Halácsy (Prezi, BP School), Dorka Horváth (BookrKids), David Lakatos (Formlabs) Bálint Orosz (ex-Distinction, Craft Docs), Eszter Ozsvald (Yoganotch), Pistyur Veronika (Bridge Budapest, Oktogon Ventures), Zoltán Prekopcsák (ex-Radoop, Prezi), Balázs Vinnai (ex-IND, Codecool, W.UP) have already proven that it is possible to create successful tech companies on the world market from home, and they contribute to the realization of the goals of Startup Hungary with personal experience and professional knowledge. This is complemented by the expertise and support of founding partners who are also committed to startups.

The founding partners were also driven by a common goal in supporting the new organization. IVSZ, as the Hungarian professional association of the digital economy, has been striving since its establishment to support the development of the widest possible, not only successful in Hungary, and will make this accumulated knowledge and ability available to Startup Hungary. Design Terminal has also been working for years to start creating real value in the startup ecosystem, and to this end it now organizes incubation programs in 12 countries and has worked with more than a thousand startups and leading large companies in many industries since 2014. It was therefore clear to the innovation agency that they would join the organization as a founding partner. The line of founding partners is closed by Google Hungary, whose Digital Workshop, which has been operating since 2016, has so far been attended by 70,000 people. With the support of Startup Hungary, Google’s domestic management intends to take this contribution to a new level.

Startup Hungary operates as a foundation, whose board of trustees consists of the founders and representatives of the founding partners. The founders as the main activity of the organization is the community buildingt, a awarenesst and that advocacyet was determined. Members of the startup community will be invited to monthly programs to meet at professional events, connect and exchange experiences. The dreamers of the initiative consider it important to help them find their way, to spread the best international methods and skills needed for global company building, thus helping to create startups that can keep talented young people in Hungary. The corresponding aspiration of the founders is that the domestic entrepreneurs aim not only for the success formulated from the perspective of the traditional shareholder, but also for the creation of value from a broader social and ethical point of view. The third important area of ​​activity of the organization will be the policy advocacy that supports the above, ie the formulation of proposals for the removal of regulatory barriers that hinder companies with high growth potential and the development of incentives to help them.

An annual report on the situation of the sector, prepared every year using the same methodology and involving the actors of the domestic ecosystem, will serve all three purposes. The aim will not only be to find the startups of the given year, but also to formulate conclusions and recommendations on how the industry is developing and could develop in Hungary. The report will also aim to make domestic startups more visible and attractive to the international market.