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Last week I received an article by Peter Bucsky about Budapest startup scene and results of the Start-Up Underground competition. While we do not post content, already published elsewhere, I thought I offer a quick summary of the article.
There aren’t too many Hungarian tech success stories, but certainly Prezi (an animated alternative to PowerPoint), LogMeIn (device access management tools) and Ustream (live video broadcasting network) are known to many.
EU commission invested in Jeremie funds, which distributed Euro 259 million to Hungarian small and medium size businesses last year. Active venture investors include The Day One Capital, Valley Connect, which also launched Founder Institute and seed investor CoLaBs.
Inevitably the knowledge, experience and money spill over to the dynamic startup ecosystem in Budapest. One of the startup events is Startup Undeground, which in its 5th edition coincided with the Singularity University contest to find teams whose ideas can change lives of at least one million people. The competition revealed a number of interesting ideas, some of them I list here.
For further information, please refer to Insider Blog.
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