The organization helps Hungarian ecosystem as a gap-filling initiative.
Startup Hungary, founded by well-known and internationally renowned participants in the Hungarian ecosystem, will be a knowledge base, advocacy, community and information center for the Hungarian startup sector. For the first time, 12 startup founders and Google Hungary, IVSZ and Design Terminal have simultaneously thought of the common intention. The main goal of the organization is to create and to operate more and better, high-impact startups in Hungary.
Twelve well-known Hungarian startups, with the support of Google, IVSZ and Design Terminal, started Startup Hungary in 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. Members of Startup Hungary think that international initiatives that have the greatest impact on other ecosystems are the ones that were launched by startup founders.
Péter Árvai (Prezi), Péter Balogh (ex-NNG, Baconsult), Gyula Fehér (ex-Ustream, Oktogon Ventures), Zoltán Györkő (ex-Balabit), Péter Halácsy (Prezi, BP School), Dorka Horváth (BookrKids), Dávid Lakatos (Formlabs), Bálint Orosz (ex-Distinction, Craft Docs), Eszter Ozsvald (Yoganotch), Veronika Pistyur (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 for the world market from Hungary, and they contribute to the realization of goals in 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 digital economy, has been striving since its establishment to support the development of the widest possible entrepreneurial scene that is 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. It organizes incubation programs in 12 countries and has worked with more than a thousand startups and leading big businesses in many industries since 2014. It was therefore obvious to the innovation agency that they should join Startup Hungary as a founding partner. 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 defined community building, attitude formation and advocacy as the main activities of the organization. Members of the startup community will be invited to monthly programs to meet at professional events, connect and exchange experiences. Founders 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. Founders also would like to see that domestic entrepreneurs aim not only for the success formulated from a traditional shareholder point of view, but also for the creation of value from a broader social and ethical aspect. The third important area of activity will be the policy advocacy that supports the above, like the formulation of proposals for the removal of regulatory barriers hindering 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 participants of the domestic ecosystem, will serve all three purposes. The aim will be not only to find the startups of the given year, but also to make 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.