Amid a long, drawn out recession something quite unexpected is happening in Budapest. The Hungarian capital is becoming host to an eco-system for entrepreneurs and investors. Scott Alexander Young reports in the latest issue of Entrepreneur Country.
No-one could deny that the global recession has been felt keenly in Hungary. In all of Europe, the Hungarian worker is said to have the second gloomiest outlook only after the Greek. This is hardly the background you might associate with startups, venture capitalism and business incubators. However Budapest, the capital of Hungary is on its way to become a regional hub for start-ups, investors and incubators.Read more »
Lean Startup Machine is the hands-on workshop for learning Lean Startup methodologies. Lean Startup Machine has held 94 workshops in 40 cities, across 6 continents, for over 7050 entrepreneurs around the world. Now it’s time for Budapest to get lean!
Lean Startup Machine is the hands-on workshop for learning Lean Startup methodologies. In 3 days, participants acquire the skills needed to identify, test, and eliminate the barriers to a viable business model. With focus on process and validation, entrepreneurs and innovators learn how to build disruptive products — and how to avoid wasting time building a product that nobody will want. Heeding the motto “Fail fast. Succeed Faster.”, our attendees progress more in 3 days than most others do in 6 months.Read more »
Along the Danube River lies one of the most beautiful cities in Europe: Budapest. Besides a good number of World Heritage Sites, Budapest is one of the most attractive metropolitan cities in Europe, and it also has a young, blossoming startup scene.
In the past years, a few successful Hungarian companies, such as Ustream, Prezi, and LogMeIn managed to build exceptional products and enter the global markets. These startups are a big inspiration to a lot of people, and they’ve had a significant impact on the startup culture emerging in Hungary. The startup scene is just awakening and the ecosystem in Budapest has only started its growth. As it grows, it fosters new ideas and ways of doing business, and it makes it easier for aspiring young talent to get enthusiastic about starting a business.Read more »
Seedcamp, one of the leading European accelerators arrived to Hungary for the first time with its Seedcamp Budapest event, where 20 startups got the chance to get mentored by both local and international experts. Read our summary of what happened during the event.
October 25 marked the first ever Seedcamp event in Hungary, Seedcamp Budapest. In association with the European Entrepreneurship Foundation (EEF) Seedcamp brought 70 of their mentors together to meet 20 of Europe’s top startups. The organisers had a very difficult task selecting only the twenty most promising ideas from the hundreds of applications they received to attend the event. Out of the selected teams five were from Hungary, presenting on home turf, the others represented ten different countries from all over Europe. Read more »
In his May 2006 essay titled “How to Be Silicon Valley,” Paul Graham – founder of YCombinator – discusses what it would take to reproduce Silicon Valley elsewhere. While the essay may be a little outdated, it is still relevant today.
I was immediately sucked into the essay after reading one of the opening paragraphs where Paul Graham gives a shout out to my home town – Buffalo, New York. He writes, “If you could get the right ten thousand people to move from Silicon Valley to Buffalo, Buffalo would become Silicon Valley.” As a proud former-Buffalonian I laughed-out-loud after reading this but couldn’t deny the accuracy of the statement. Silicon Valley is the way it is because of the people.Read more »
