Angel investor-incubator Baconsult to put HUF 1 bln in startups
pixabay
Angel investor and incubator Baconsult Kft. plans to pump HUF 1 billion in support and services into ten startups based in central Hungary for two years starting in August, the company said on Friday, as reported by Hungarian news agency MTI.
In addition to some HUF 500 million in support from the National Research, Development and Innovation Office (NKFIH), Baconsult is drawing in private equity and offering consulting and incubator services.
It is targeting startups no older than three years that have a working product or solution they want to bring to global markets. Baconsult will show preference for projects in the areas of HR, digital education, e-commerce and the automotive industry.
Baconsult has been running an incubator since 2015, funded with private equity. It is supporting 13 startups at present, among them digital storyteller Bookr Kids, survey maker CX-Ray, computer coding school Logiscool, and job search business Dreamjobs.
Baconsult is headed by Mária Balogh-Mazi, who earlier worked for wealth management software maker Dorsum, and Péter Balogh, a founder and former CEO of navigation software company NNG.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
