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Austriaʼs startup300 to acquire majority stake in Be-novative

Austriaʼs startup300, an angel investor network and business accelerator for startups, said Wednesday it plans to acquire a 51% stake in Hungaryʼs Be-novative, state news agency MTI reported.

Image: startup300.at

Be-novative is known for the development of a digital platform that supports enterprise innovation.

Startup300 will pay around EUR 300,000 for the stake, level with Be-novativeʼs expected revenue for 2019.

Be-novativeʼs platform lets businesses "run inspiring ideation sessions for 100,000+ people and discover disruptive ideas in 20 minutes," the company says on its website.