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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 HorvathIvan 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


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


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
*  *  *

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

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