Venture Capital Program to Support the Digital Startup Program
OpenDescription
The Seed and Startup phase-focused Capital Program aimed at developing the competitive domestic ICT sector seeks to provide equity support to infocommunication companies engaged in research and development or innovation activities with high growth potential in one of the early life stages (seed or start-up). Through the development of specified critical digital technologies, aligned with the S3 strategy, these companies are expected to introduce new digital products or services to the international market. Digital technologies refer to those contributing to the goals and objectives of the Digital Decade 2030 policy program. Developments must align with one of the S3 strategy priorities: “cutting-edge technologies” and/or “digitalization of the economy,” or with the conditions related to innovative, emerging, cutting-edge technologies of the European Strategic Technologies Platform, meaning such lega
Conditions
details in the Call
Eligible activities
• Creation and market introduction of new digital technological solutions based on innovation.
• Developments based on critical digital technologies, such as artificial intelligence, advanced data analytics, IoT, immersive technologies, Web3, quantum computing, next-generation cloud and software technologies.
The investment must be at least at TRL 7 maturity level and comply with the strategic and professional requirements of the call.
FAQ
Who can participate in the program?
Infocommunication SMEs not listed on the stock exchange, with a registered office, place of business, or branch in Hungary, meeting the call conditions.
What amount of funding is available?
Equity investment of 50–900 million HUF, in one or more investment rounds.
Can companies from Budapest participate?
Yes, separate venture capital funds serve the financing for Budapest and less developed regions.
Is a business plan required?
Yes, a viable business plan and due diligence are required for the investment decision.
What revenue condition applies to the company?
The ICT activity revenue ratio must be at least 50% in the past period according to the call or in the business plan period.