The first Hungarian Innovation Day in London will serve as a flagship event to promote the Hungarian innovation and will aim to bring together UK based venture capital funds and angel investors with successful Hungarian startups seeking capital to fund growth and international expansion.
The Hungarian Embassy in London, the British Embassy in Budapest, and the Hungarian Venture Capital Association (HVCA) together with InVendor Investment and Innovation have teamed up to organize the first Hungarian Innovation Day in London. The event will take place on 16th October 2012 hosted by the Hungarian Embassy in London, United Kingdom (35 Eaton Place, London, SW1X 8BY).Read more »
Social jukebox Mixgar is playing at four big Hungarian summer festivals this year, namely EFOTT, Hegyalja, Campus and SZIN in PEPSI’s video disco. Those living in Budapest can test drive Mixgar at the music pubs Grund and Sugar.
About a year ago young developers started to work on the online application that defines itself as a social jukebox. The interest towards the innovative project has been raised since it was introduced worldwide at different technological forums, but this year private investment group Phoenix Investment handled by InvestLife PLC decided to bring capital into the enterprise. The majority of ownership still belongs to Digital Natives, but from the 1st of June 2012 Mixgar exists as an independent company.
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Hungarian venture capital fund Day One has successfully completed its first investment with a EUR 250,000 funding of Flan Technologies. The target company develops online tools for the media industry.
The investment is the first one since Day One launched their first fund in 2011. The company provides real-time data analysis tools such as user generated data for editorial staff and campaign management tools for the marketing department. Day One is Hungary's very first home-grown VC company, while Flan Technologies is also currently owned by domestic entities. The VC firm's management consists of highly experienced individuals from the electronic media and advertising industry.Read more »
Hungarian music startup Mixgar has managed to bag an investment from the Phoenix group, which is managed by InvestLife. The funding will allow the social jukebox to pursue their short-term goals in product development and commercially marketing the product.
Social jukebox Mixgar, the startup which won IDCEE competition last year has raised €65,000 ($80,000) from Phoenix Investment group handled by InvestLife PLC. Incubated by Digital Natives, Mixgar is now an independent company as of June 2012. The new investors join existing key investor and current CEO Gerzson Huszar, but Digital Natives will still own a majority stake in the company.Read more »
Hundreds of visitors arrived at the annual Hungarian Innovation TechShow, where 21 IT and Technology developments have had the chance to showcase themselves to the public.
The Hungarian Innovation TechShow (HITS) is Hungary’s top-tier exhibition of ICT innovation since 2009, each year showcasing the country’s latest and most promising digital products and services to an audience of professionals, investors, the representatives of the media, and the general public.Read more »
