Hungary is becoming one of the best places to build a startup, but most of the early-stage entrepreneurs we speak to aren't aware of the local tech resources that are available to help them.

With applications for the Hungary Founder Institute now open, we're excited to release the Hungary Startup Resource Guide, which is currently in Draft v1 below! It was developed by the Hungary Founder Institute and local leaders: Balazs Horvath, Ivan Ivanka and Tamas Bohner.

This is just a draft, and while we spent many hours on this research, more input is needed. Please leave your comments on this collaborative Google document to help us complete the list. There are definitely omissions on this current version. 

Are you looking to build a startup in Hungary? Then apply to the Hungary Founder Institute today!

Text version included below, for ease of searching:

Startup Stages

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There is no one right way to build a technology company, but for the sake of simplicity we have outlined a basic, common, sequential framework.

1. Idea Stage

This is where new entrepreneurs get inspired, learn best practices, develop skills, validate ideas, and begin to build their team and product.

A. Inspire

• Hungary Startup Media: Centralized local information, listings, and news. (i.e. startup blogs/ publications/ lists/ FB groups/ newsletters)

1. Budapest Business Journal Startup News
2. EU Startups
3. Hungarian Insider
4. Insider Blog
5. Startup Budapest Blog
6. Startup Digest Hungary
7. Startup Hungary Newsletter
8. StartUP! Magazine

• Inspirational Hungary Startup Events: Open, inclusive startup events that often focus on ideation. (i.e. Startup Weekend, idea fairs, and inspirational meetups)

1. 12min.me Budapest
2. Day One Meetup
3. Global Entrepreneurship Week 2020 Hungary
4. Hello Tomorrow Global Summit
5. Prezi Tech Talks — #prezitechtalks
6. Social Entrepreneurs & Changemakers
7. Startup Hungary
8. Startup SAFARI Budapest
9. Startup Weekend Budapest
10. WiseTalks @TransferWise
11. Women in Tech Budapest

B. Educate

• Best Practices: Beginner knowledge-sharing tech events. (i.e. beginner events that serve to educate more than inspire).

1. Advancing Ventures Hungary
2. Analytics At Speed Budapest
3. Bitcoin Budapest
4. Bitrise Community Events
5. Budapest Agile Meetup Group
6. Budapest Gamification Meetup
7. Budapest RegTech Meetup Group
8. Digitális Nomádok
9. EIT Digital Budapest
10. Fintech Meetup@Budapest powered by OTP LAB
11. Google Cloud Budapest
12. How to Start a Global Startup in Hungary in 2020
13. IncQuery Labs Akadémia Csoport
14. Open Innovation: Theory Meets Expertise Meetup
15. Product Design Talks by Ergománia
16. Product Management Nights Budapest
17. Robotic Process Automation (RPA) Budapest
18. Startup Founder 101 Budapest
19. Startup Grind Budapest
20. Talentera Meetup
21. Veszprémi Technology Meetup

• Training & Feedback: Skill & Idea development events and startup bootcamps for entrepeneurs. (Includes comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc)

1. B2B Sales & Growth Meetup
2. Bridge Budapest
3. Budapest Design Thinking Meetup
4. Budapest Enterprise Software Engineering Meetup
5. Budapest Growth Hacking Meetup
6. Budapest Startup Technologies and Businesses Meetup
7. CEUiLab Global Startup Bootcamp
8. Codecool
9. Derrick & Harry Menedzsment és IT Est
10. Design Thinking Workshop
11. Digital Factory - Business Incubator Meetup Group
12. Django Group Budapest
13. Founder Institute
14. Frontend Meetup Budapest - Design & Tech
15. Full Stack Marketers Budapest
16. Future Tech Institute
17. GDG Budapest
18. Global Traction
19. Green Fox Academy
20. Growth Hacking Meetup
21. HUNAUG - Hungarian Azure User Group
22. Hungarian Scrum Master Meetup
23. Lean Startup Circle Budapest
24. Lean Startup Machine Budapest
25. Liferay Budapest Tech Meetup
26. Meet Top FI Hungary Mentors, including Adeo Ressi (CEO of Founder Institute)
27. Nokia Tech Talks Budapest
28. Open Blockchain - Workshop Series
29. ProductTank Budapest
30. PROGmasters Backend Meetup - Budapest
31. SEO Tanfolyam
32. Skyscanner Budapest Tech and Product Talks
33. Smart Healthcare
34. StartUp Budapest Meetup
35. Startup Campus
36. Startup Leadership & Management
37. Tech Idea Lab
38. The Knowledge Academy
39. Wild Code School
40. Y Combinator's How to Start a Startup

C. Validate

• Team Formation: Events for Finding Co-founders in Hungary.  (i.e. tech networking events or other resources that facilitate early-stage recruitment and cofounder matching)

1. Budapest Startup Cocktails
2. Budapest Tech Comm Meetup
3. CoFoundersLab
4. CorINNO Startup Meetup
5. Enterprise Europe Network
6. Equity Thursday
7. Founder2be
8. Global Entrepreneurship Network Hungary
9. Health Technology Forum: Budapest
10. Legyen Miskolcon Startup élet Meetup
11. Startup and Innovation Day
12. StartUs
13. The Budapest New Technology Meetup Group
14. The Scaleup Fest
15. Untold Stories Budapest

• Build First Product: Hackathons & product events in Hungary.

1. Budapest Hackathons
2. Budapest Makers' Meetup
3. FabLab Budapest
4. Global Legal Hackathon 2020
5. H.A.C.K.
6. Hungarian Robot Builders Association
7. Junction X
8. Kitchen Budapest
9. Makerspace.hu
10. Node.js Workshops
11. product.bp
12. ReactiveMeetups Budapest

2. Launch Stage

In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers, and prepare for the next step.

A. Start

• Establish: Hungary law firms & banks for startups

1. Aliant Law
2. BNP Paribas
3. Budapest Bank
4. CEE Attorneys
5. CIB Bank
6. Citibank
7. Dentons
8. Deutsche Bank
9. dr. Dobos István
10. DRD Law Firm
11. Erste Bank
12. Forgó, Damjanovic & Partners
13. Gurcan Partners
14. Harglaw
15. K&H Bank
16. KDB Bank
17. Lawyerbudapest
18. MagNet Bank
19. MKB Bank
20. OTP Bank
21. Raiffeisen BANK
22. SBGK
23. Süle
24. UniCredit Bank

• Hungary Workspaces: Co-working and flexible workspaces for startups in Hungary.

1. BAOBAB Coworking
2. CoWo
3. Debrecen HUB
4. Eco-Office
5. Grabovsky
6. HUB55
7. HubHub
8. Impact Hub
9. KAPTÁR
10. KOHÓ Coworking
11. KUBIK Coworking
12. LOFFICE
13. Mosaik
14. Muse
15. New Work
16. ProWorking Debrecen
17. Szikra
18. The Other Workspace
19. UP Center
20. Urban Lobby
21. URBANFOOD
22. Xponential Coworking

B. Develop

• Formalize: Hungary accounting, development and HR tools for early-stage startups.  

1. BPiON
2. Coding Sans
3. Designatives
4. Ecovis
5. Empiric
6. Exact Solutions
7. Grafton Recruitment
8. IseeQ
9. Leinonen Hungary
10. LogiNet
11. LumiNet
12. Mito
13. RabIT Software Engineering
14. Splendex
15. Tech People
16. TMF Group
17. Tower Consulting

• Hungary Incubators: Groups that prepare companies for seed investment and provide advanced mentorship. (i.e. advanced knowledge sharing, later stage events and resources)

1. Aquincum Inkubátor
2. BnLStart
3. CEU iLab
4. Colabs Startup Center
5. DBH SeedStar
6. Design Terminal
7. Digital Factory Incubator
8. Drukka Startup Studio
9. Intellitext
10. Invenshure
11. The Ivanka Group
12. Start it @K&H
13. Startup Campus Incubator
14. Studio1
15. Virgo Ventures

C. Launch

• Hungary Seed Accelerators: Seed funding mentor programs (Techstars-style programs that provide funding)

1. BnLStart
2. CEE Fintech
3. DBH SeedStar
4. Health Venture Lab
5. Hiventures
6. MKB Fintechlab
7. OTP Startup Partner Program
8. OXO Labs
9. Startup Plastic Surgery Accelerator Programme
10. Technopolis Innovation Center
11. Traction Tribe

• Pitch & Demo Events: Tech events that showcase Hungary startups for investment.

1. Budapest Disruptive Technology : Demo Day
2. Central European Startup Awards
3. CHILI Budapest Business Community
4. Danube Cup 2021
5. EIT Food Demo Day
6. EIT Health InnoStars Awards Demo Day
7. Get in the Ring! Startup Competition
8. Hello Tomorrow Hungary Global Challenge
9. International Video Pitch Competition
10. RESTART2020
11. Women Startup Competition

3. Growth Stage

Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.

A. Recognition

• Hungary Investor Networking:  Events and groups that connect professional investors with founders.

1. Hungarian Business Angel Network
2. OXO Holdings
3. Venture Capital Summit
4. Women Business Angels

• Major Media: Mainstream local business press that often showcase local startups.

1. Budapest Business Journal
2. Daily News Hungary
3. Hungary Today
4. HVG
5. Magyar Nemzet
6. Népszava
7. Portfolio
8. The Budapest Times
9. Világgazdaság

B. Funding

• Hungary Angel Investors: Seed-stage investors and micro-vcs.

1. Ádám Horváth
2. Antal Karolyi
3. Dénes Szluha
4. Eszter Szabo
5. Gergely Németh
6. Gyula Feher
7. Gyuri Karady
8. János Pereczes
9. Laszlo Kesmarki
10. Lenard Horgos
11. Mihaly (Mike) Boris
12. Noémi Szabó
13. Peter Balogh
14. Peter Kadas
15. Tamas Bohner
16. Tamas Muller
17. Viktor Szathmáry
18. Zoltan A. Vardy
19. Zsolt Szigetlaki
20. Zsolt Weiszbart

• Hungary Venture Capitalists: Series A and beyond

1. Absolvo
2. ARX Equity Partners
3. CEE Equity Partners
4. ConorFund
5. Day One Capital
6. DBH Investment
7. Euroventures
8. FINATECH Capital
9. Flashpoint VC
10. GB & Partners
11. Hiventures
12. iEurope Capital
13. Invenshure
14. Lead Ventures
15. Mid Europa Partners
16. Oktogon Ventures
17. OXO Ventures
18. Portfolion
19. Solus Capital
20. Unity Ventures
21. Venturio
22. Vespucci Partners
23. xVentures

C. Growth

• Infrastructure: Office space, HR, local business insurance. (i.e. office space/ HR/ insurance providers for capital-rich companies to grow and scale)

1. Aegon
2. Allianz
3. Antal International
4. Budapest Offices
5. Cielo
6. Colonnade Insurance
7. Generali
8. Instant Offices
9. MatchOffice
10. Office Finder
11. Office Rent Info
12. Otthon Centrum
13. REED
14. Regus
15. Spaces
16. Stanton Chase

• Expansion: Hungary Growth accelerators and consultants. (i.e. programs and business consultants for capital-rich companies to grow and scale)

1. Accenture
2. Aon
3. Atos
4. Boston Consulting Group
5. Capgemini
6. Clarity
7. Cognizant
8. CONSULTATIO
9. Consulting Hungary
10. Deloitte
11. ENIAC Consulting
12. Ernst & Young
13. Gartner
14. Grant Thornton
15. Hill+Knowlton Strategies
16. Kantar
17. KPMG
18. McKinsey & Company
19. North Highland
20. PwC
21. Rödl & Partner
22. Roland Berger
23. Tata Consultancy Services

4. Hungary Startup Success Stories

Successful homegrown companies that have raised significant institutional funding, employ a large workforce, or have achieved liquidity.

1. AerinX
2. Agroninja
3. AImotive
4. Avatao
5. Balabit
6. Banzai Cloud
7. Barion Payment Inc.
8. BioSystems International
9. Bitrise
10. BOOKR Kids
11. CloudAgents
12. CodersRank
13. Conversific
14. dicomLAB
15. InSimu
16. Lyme Diagnostics
17. Neticle
18. NOW technologies
19. Ongo
20. Oriana
21. PocketGuide
22. Prezi
23. SEON
24. Shapr3D
25. SignAll
26. Synetiq
27. Talentuno
28. Talk-A-Bot
29. Tresorit
30. Turbine AI
31. Xeropan

Supporters

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To facilitate the steps, every ecosystem needs strong supporters.

1. Hungary Startup Leaders

Successful local founders who lead the ecosystem & frequently mentor newbies.

1. Anna Tóth
2. Astan Morarji
3. Balazs Faluvegi
4. Balázs Horváth
5. Csaba Zoltan Moldovan
6. Csongor Biás
7. Gergő Gulyás
8. Imre Hild
9. Ivan Ivanka
10. Laszlo Kiszely
11. Patrik Kovacs
12. Peter Balazsik
13. Péter Kovács
14. Peter Tatrai
15. Sebastian Tamas
16. Veronika Pistyur
17. Virág Forrai
18. Zsofia Kerepesi
19. Zsolt Kovacs

2. Hungary Government Startup Resources

Public organizations that facilitate local economic development

1. AmCham Hungary
2. Budapest Chamber of Commerce and Industry
3. Budapest Enterprise Agency
4. Hungarian Chamber of Commerce
5. Hungarian Investment Promotion Agency
6. INPUT Program
7. Joint Venture Association
8. Ministry of Innovation and Technology
9. National Research, Development and Innovation Office

3. Talent

Major local business or tech universities and employers that attract and retain local talent.

• Local Hungary Tech Universities (universities with prominent technical or business programs)

1. Budapest Business School
2. Budapest University of Technology and Economics
3. Central European University
4. Corvinus University of Budapest
5. Eötvös Loránd University
6. International Business School
7. Szent István University
8. University of Debrecen
9. University of Pécs
10. University of Sopron
11. University of Szeged

• Hungary Tech Employers

1. Cisco
2. Cognex
3. Deutsche Telekom
4. EPAM
5. Ericsson
6. Evosoft
7. General Electric
8. Google
9. HP
10. Huawei
11. IBM
12. Microsoft
13. Nokia
14. Oracle
15. Samsung
16. Siemens
17. T-Systems
18. Vodafone

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Learn more about the Startup Ecosystem Canvas here, and leave us your thoughts on the Hungary Canvas on this collaborative Google document (This is just a draft, and more input is needed!)

Are you looking to build a startup in Hungary? Then apply to the Hungary Founder Institute today