Hungary has a thriving startup ecosystem with a growing number of successful startups and a supportive environment for new businesses. The country's entrepreneurial community has been growing in recent years, and investors are taking notice of the potential for growth in the Hungarian market. In this article, we will take a look at the fundraising environment for startups in Hungary, including the most active investors, open innovation programs, and incubators. We will also highlight the growing industries and some of the most popular startups, as well as the initiatives the government has launched to boost the startup ecosystem in the country and how it compares to the rest of the region.
The technology sector is one of the fastest-growing industries in Hungary, with a large number of successful startups and a strong focus on innovation. Some of the most popular startups in the technology sector include Ustream, LogMeIn, and Prezi. Other growing industries in Hungary include fintech, e-commerce, and healthcare. One notable fintech startup is OTP Bank, which has grown into one of the largest banks in Hungary, while another is the e-commerce platform Auchan Direct.
There are a number of active investors in the Hungarian startup ecosystem, including venture capital firms, private equity firms, and corporate investors. Some of the most active investors include PortfoLion, MNB Ventures, and DayOne Capital. In addition to investors, there are also several open innovation programs and incubators in Hungary that support startups, including the Budapest Startup Campus, the Hungarian Innovation and Technology Office, and the Budapest Business Angels Network. These organizations provide resources, mentorship, and funding to help startups grow and succeed.
The Hungarian government has been actively supporting the growth of the startup ecosystem in the country, including initiatives such as tax incentives for startups and investment in technology and innovation. The government also provides funding for startups through programs such as the New Generation Fund, which provides equity financing for startups, and the National Innovation Office, which provides support for research and development. Compared to the rest of the region, Hungary has a strong and supportive government that is actively working to create a favorable environment for startups and entrepreneurs.