Intellitext startup incubator seeks hardware development projects

Ecosystem

Intellitext始s startup accelerator program is looking for startups with potential for international success in their early or seed phase, operating preferably, but not exclusively, in the field of hardware development, according to a press release sent to the Budapest Business Journal.

The company will help innovative projects with mentoring, infrastructure, and their network of connections, apart from financing. Furthermore, Intellitext has developed a partnership with Antenna Hung谩ria始s AHa! Brain Store and Budapest Metropolitan University始s METU Garage accelerator programs, helping startups involved in these projects as an investor.

The Intellitext startup incubator offers an investment of up to HUF 100 million for the support of R&D activities of innovative startups. The investment始s aim is to provide a startup with a consistent advantage over competitors and to help in achieving a proper market share, says the press release.

The program is planning to invest a maximum of HUF 721 mln into 8-20 projects, alongside non-financial help, in order to increase the chances of success during the risky early phases.

Within the framework of the program, the best entrants of the AHa! Brain Store and METU Garage programs will also receive a capital injection.

Intellitext始s incubation program is realized with the support of the National Research, Development and Innovation Office, within the framework of the Innovation Ecosystem program.

ADVERTISEMENT

IT Sector Moving From Valuation to Value Analysis

IT Sector Moving From Valuation to Value

Gov't Guarantees on Liabilities Climb Over 9%聽of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9%聽of GDP in 2021

P茅cs Uni, Richter Partner on Cryo-EM Center Pharma

P茅cs Uni, Richter Partner on Cryo-EM Center

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.