Young start-uppers pitch their products and services to large public and private investors

On the Demo Day – closing event of Hungary’s first corporate acceleration programme -, the winning start-ups of Telenor Accelerate presented their projects for the first time in public in the hope of taking them to the local or global market. eSports Horizon, Musicating (KODA), Moow, Tickething and Zyntern will face an exciting period now that they can start using the skills and knowledge acquired over the past 3 months.

“The startups have a very busy 4 months behind them. The skills and knowledge acquired by them in the Accelerate programme have sharpened their thinking and made their plans and concepts more focused. They had their services validated by customers and acquired customers themselves. The things they received in the past few months will be highly valuable for them also in the future as they can leverage the experience accumulated here any time”, said Zoltán Takács, Telenor Vice President of Innovation.

Telenor has been the first large enterprise in Hungary to launch a startup acceleration programme. The mobile operator offered funds totalling HUF 150 million to the selected startups in return for a small minority stake. Support included workshops and professional training courses, access to Telenor’s customer base and partner network, as well as an investment of HUF 10 million in each startup.

The initiative launched in June attracted a record number of applications from 143 digital startups of which 5 winners were selected by the jury.

eSports Horizon is an online service turning amateur gamers into professional ones using the help of recognized e-athletes, training videos and personalized advice.

Musicating (KODA) is a digital platform for teaching music that aims to take the Kodály method and related experience to as many users as possible through the use of state-of-the-art digital devices.

Moow is a smart grip mounted on a bicycle’s handlebar that emits light and sound signals and alerts the owner via Bluetooth if somebody attempts to steal the bike.

Tickething is an online marketplace for selling unwanted tickets for concerts, theatre performances and other events.

The fifth mentored startup, Zyntern, is an online interface for the recruitment of corporate interns.

Since September 2016, the winning start-ups have participated in intensive training courses, workshops and one-on-one sessions with their mentors – Veronika Pistyur, Péter Oszkó, Zoltán Varga, Balázs Várkonyi and Balázs Vinnai – in order to promote their professional growth and help them establish partner networks. The programme was concluded with the Demo Day where startups presented their projects to would-be investors.

 

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