Telenor launches accelerator program to support Hungarian startups

Incubators

Telenor announced the launch of its first accelerator program in Hungary to support local startups in their penetration of the market, according to a press release issued by the company today.

The goal of the program to be held at Telenorʼs Smartphone Academy is to help Hungarian start-ups gain market traction by giving them access to mentors, senior managers, funds, investors and the international customer and partner base of the Telenor Group in exchange for a small minority equity stake in the startup, the press release said. 

Telenor Accelerator invites Hungarian start-ups from the digital scene to apply for the program starting in September. The top five projects will receive a three-month acceleration including access to a series of workshops and mentoring sessions as well as to the Telenor infrastructure to test and market their developments on actual customers, the press release said.

“In our program we combined Telenor’s international experience with startup acceleration and the knowledge of the top minds in the Hungarian digital scene. I am confident that with the help of our top mentors, Veronika Pistyur, Zoltán Varga, Péter Oszkó, Balázs Várkonyi and Balázs Vinnai, the selected start-ups will be able to grow at our intensive three-month bootcamp and make the best use of the access that we provide them to knowledge, funds, investors and customer base,” said Zoltán Takács, vice president of innovation at Telenor Hungary.

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