Design Terminal, in collaboration with Czech, Slovak and Polish partners, has launched "V4 Startup Force," a scholarship program for the V4 region to support collaboration between regional startups and corporations, reinforcing business relations between countries, according to a press release sent to the Budapest Business Journal.
The programʼs implementation is supported by the International Visegrád Fund, an organization founded by the governments of the Visegrád Group (V4) - Hungary, Poland, Slovakia and the Czech Republic. Design Terminalʼs international partners in the project are the 0100 Campus international co-working office from Slovakia, the Foundation for Technology Entrepreneurship from Poland, and the UP21 incubator from the Czech Republic.
Apart from supporting talent development and cooperation, the organizers are putting emphasis on facilitating entry onto the global market and enhancing the role of socially useful startups.
The four chosen startups take part in a 10-day, intensive mentoring program in Budapest, which features courses, mentoring sessions, and business meetings. The program will be followed by a 10-day Visegrád regional study tour, where startups will have an opportunity to expand their business contacts, get to know local relevant corporate partners, local representatives of the countries and important government figures at opening events and tailored business meetings in each of the countries.
Hungary is represented by Aeriu in the program, which makes logistics processes at large storage depots easier with drone software. The teamʼs corporate partners include IKEA, Nestlé and Audi, with the company already possessing its first paying clients.
The Czech Republic is represented by Aibrace, which makes bracelets that can save lives in emergency situations related to the heart, nervous system and problems with the pulmonary system.
Freya represents Slovakia, offering a personalized application for couples intending to have children, making suggestions based on analyses of health, lifestyle, and individual priorities.
Supplying the latest AR technology, Runvido from Poland aims at easing enterprisesʼ communications with their customers via a platform that offers a solution to the problem of limited information transfer, offering more effective presentations.