COOPERATION WITH FINTECHS
START IT @K&H — AN INCUBATOR PROGRAM LAUNCHED BY K&H GROUP IN HUNGARY
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tart it @K&H is the largest corporate incubator program in Hungary — launched and backed by K&H Bank — that supports startups in their development. Its main goal is to support, strengthen and boost the Hungarian entrepreneurial ecosystem. Unlike other incubators in Hungary, Start it @K&H is based on CSR, which means a „no share, no equity” model with free services for participants. During the incubation period, participants are not involved in the bank’s everyday tasks or the focus of the Group’s investors or shareholders. The bank supports startups with huge potential (usually at an early stage) for 6-18 months, by providing help with product development and finding investors for their plans:
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• 0-24h available working space in Budapest (280 sqm) and Győr (135 sqm) for selected startups so they can work on their ideas anytime; • 40+ mentors (who are experienced in the corporate world or in the startup ecosystem) can assist in development of the startups; • Throughout a detailed training program, with the help of experts, the participants can achieve practical skills needed for later stages of their ventures; • Regular networking events are key to creating and maintaining business connections with future investors and business partners; • The best startups have a chance to gain international experience during the incubation period: for example, by visiting international hubs of Start it @KBC (Belgium, USA, Czech Republic).
To participate for a min. period of 6 months, startups have to apply online and pitch their ideas on a Pitch Day. The jury for this event is always made up of mentors and experts in entrepreneurship. There is no industry restriction on participating startups; the incubator is not solely fintech focused. Start it @K&H has helped 50 earlystage startups from 15 different industries since October 2017, attracting more than 4 million EUR of external market investment during this period. Currently 33 startups are active in the program, thus making Start it @K&H the largest corporate incubation program in Hungary. More info: https://startitkh.hu https://facebook.com/startitkh hello@startitkh.hu
FEBRUARY 2020