Nine teams made it to the spring semester of Design Terminal’s Mentoring Program. We asked a Norwegian, a Polish and a Hungarian startup about what motivated them to apply.
Startups from 19 countries and 4 different continents applied to Design Terminal’s Spring Mentoring Program, from the US through Estonia and Serbia to Lebanon. Even before moving into the virtual space, international teams were eagerly joining the program: British, Swedish and Barbadian startups, among others. Without geographical obstacles, foreigners tend to apply to the program with even more enthusiasm.
After the extremely intense, 3-day Power Camp 9 teams stood the test and got into the program. “We’ve been to a number of similar programs before, but it was the toughest competition of all,” says Goscore founder Maksim Hardziyenak and his teammate, Anastasiya Lebendz. – „Everyone came with a strong business plan and awesome ideas. It was hard to stand out, and so we’re even more grateful we be able to got in. ”
Why does a startup founded by Belarusian founders in Norway (and already successful in Western and Northern Europe) apply to an incubation program in Hungary? Max responds with an indisputable argument: „There’s a lot of potential in the Eastern European market for us. Goscore is a credit scoring algorithm that helps both banks acquire new customers and customers be able to choose between the offers of financial institutions in a truly personalized and flexible way. While in the Scandinavian countries the level of trust in traditional banks is very high, in the CEE region people are more likely to switch banks if they see a better deal. That’s why we are interesting to provide an opportunity for everyone to get the loan offer they deserve.”
In addition to curiosity, a strong networking interest also guided the Polish team – Privacy Optimization – to apply to DT. “We’ve heard that DT has a great network and the Power Camp just proved it. Building professional relationships with mentors, potential clients and investors is our primary focus right now,” says Simone Dalle Nogare, CFO of the company that is currently running a PoC with Santander Bank Poland and cooperates with Dentons Poland.
Their solution is a software that simplifies and automatizes the complex and lengthy process of managing a privacy incident, thereby reducing the risk of high penalties and loss of reputation. The startup idea was born when the CEO, Aleksandra Danielewicz –a privacy lawyer -, experienced at her work the complexity and difficulty of dealing with high volumes of this kind of problem.
Founders of Likespace have also found the market gap to fill through personal experience. The team was founded in Hungary, and their operation can be linked to several rural towns in terms of the members’ residences, so Likespace is a refreshing highlight in the Budapest-based Hungarian startup ecosystem. The service is also not connected to the capital, but to a wider national interest. The idea has already been validated by several rural and Budapest offices that have a registration on the platform.
The two founders, Gábor Bányai with a multinational background and Attila Dunaveczki with entrepreneurial experience recognized in early 2020 that coworking offices in smaller cities were less likely to operate well than in the capital. lldi Richter strengthens the team with her international communication background, while Enikő Pók with her real estate expertise. The growing number of freelancers and the Covid–situation also prompted them to seek a solution. Likespace is a marketplace where the needs of companies with free space and workplaces and those looking for a safe and ergonomic office environment can meet.
“These intense three days of the Power Camp have really forged our startup” says one of the founders, Gábor. They learned to work together in a rough situation like this, benefitting from the differences of their personalities.
This semester the 3-month long Mentoring Program supports startups in business and product development again – all this based on their individual needs. The strength of the program is the mentoring team of domestic and international professionals. The range of startups that got in this time includes AI, Smart Cities, Data and Analytics, Sharing Economy, Education, IT and Fintech.
Mentoring Program 2021 spring
Astodi, Hungary – IT
ASTODI is a cloud-based digital asset management (DAM) service helping you to organize, access and distribute digital content.
GoScore, Norway - AI, Fintech, Data
It’s a credit scoring algorithm that helps banks to get new borrowers and make personal loan offers by using relevant and up-to-date customer financial profile; and private individuals to get more fair banks offers and make good financial habits by managing all their finances in one place.
Going to be, Hungary - Recruitment, Education
Going To Be offers the opportunity for youngsters to gain insights and personal experience in the job market to subserve their career choice.
Leafy, Hungary - Data & Analytics, Education, AI
Help environment-conscious customers to turn small changes into sustainable habits with AI solution.
LikeSpace, Hungary - Renting, Office
Likespace provides an online interface for businesses with unused office space and businesses or individuals who need this space. A two-sided marketplace of flexible offices.
Privacy optimization, Poland - Legal, ICT, Cybersecurity
The Data Breach Management Tool is a software for the EU General Data Protection Regulation (GDPR) compliance that helps organizations quickly manage information privacy breaches, thereby reducing the risk of massive regulatory penalties.
Rising.Eco, Hungary - Smart Cities, Blockchain
Their mission is: Accelerate society’s transition to a peer-to-peer renewable energy network and empower communities to go energy independent with solar panels on every roof.
RYTA, Hungary - Manufacturing, Sharing economy, Design
They design, manufacture and rent out custom-made, durable furniture. Its main materials are recycled plastic and aluminium, and these parts will stay in the circular economy of RYTA.
WearHealth, Germany - AI
Protect heavy-duty workers by preventing hidden human risks and creating an engaging HSE culture using wearables and AI.