CEIBS EMBA class visit Budapest - Intro to Budapest Ecosystem.pptx

Budapest ecosystem introductory presentation to CEIBS EMBA class during its visit to Budapest

1. Entrepreneurship in Hungary

2. Imre Hild 1993-1998 Cornell University, New York, USA 1998-2003 Lehman Brothers, New York, USA 2004-2008 Built HILD & OTP Életjáradék ($200M market cap) 2009-2010 Entrepreneur in Residence at a Venture Fund 2011-2015 iCatapult - HUF 140M invested into 4 startups 2011 - Mentor for Seedcamp, StartupBootcamp, Pioneers 2011 - Hungarian Venture Capital Association 2013 - 1st Central European Startup Roadshow in NYC 2014 - Hungarian Innovation Federation 2015 - MIT Venture Lab Mentor - (idén ujraindul!) 2015 - 2016 Digital Factory Contributing Partner 2015 - Global Traction - Business Development for startups/scaleups 2017 - Startup Ecosystem Survey 2017 - 19 DJP Digital Startup Strategy - International Market Entry 2018 - 20 Europai ökoszisztéma import program - Tel Aviv HUB, Izrael 2021 - Digital Factory ‘Startup Factory’ program 2023 - Obuda Uni Venture Capital and Venture Studio EDUCATION PROGRAMS WBA Angel Club, courses Capital Portal - mentor courses Hungarian Startup University Program - Mentorship program National Innovation Agency - Ready, Steady, Go - Internationalization program and more

3. Turbine.ai - accelerated cancer research AIMotive - connected cars Bitrise - Dev-opps for mobile developers Seon - Online fraud detection Volteum - EV charging network Recart - E-commerce user acquisition tool Logiscool - coding school for kids Shapr3D - IOS app to design in 3D Barion - e-money provider and manager Talk-a-bot - Chatbot for corporates Top Hungarian startups

4. Turbine.ai - accelerated cancer research AIMotive - connected cars Bitrise - Dev-opps for mobile developers Seon - Online fraud detection Volteum - EV charging network Recart - E-commerce user acquisition tool Logiscool - coding school for kids Shapr3D - IOS app to design in 3D Barion - e-money provider and manager Talk-a-bot - Chatbot for corporates Top Hungarian startups

5. 2007 - Kitchen incubator 2009 - Jeremie schemes ( I - VI) - little international capital 2011-12 - First Proto-accelerators 2013 - Gazella program - no international capital 2015 - EU programs - international capital? 2017 - 18 - Digitális Jólét Program - exclusively Hungarian capital 2018 - Állami alapok - no international capital 2023 - Obuda Uni VC - international capital welcome Hungarian Ecosystem development in a nutshell

6. Global Ecosystem rankings

7. SHANGHAI

8. HUNGARY

9. 5 x better startup support 8 unicorns by 2030 8 x international founders By learning from Vienna‘s accelerators, we can increase follow-on funding rates Lisbon has a 8.5x more international founders, by learning from them we can increase the founder pool by 25% 2 x more specialization 4 x more global tech firm attraction 3 x university startups Hungary outperforms other hubs in cybersecurity, Tallinn shows that 200mn € investments in this sector per year is realistic Dublin has 4x more global tech firm presences and more than double the tech jobs If as efficient as Lausanne (CH) in creating spin-offs, Hungary could have 32mn € seed investments per year The Objectives

10. Theoretical Framework

11. Validate ideas with people who have done it before. Validation Inspiration Ideation 3 2 1 Best local practices, inspiration via their success methods Structuring ideation at events and meetups to support new initiatives Best activities of early stage

12. The theoretical framework of a well functioning ecosystem

13. Common traits of well functioning ecosystems Local examples, ‘heroes’ Recognized for real performance Open, inclusive interaction with community Achievable goals ‘Startup’ places Startup is an urban genre, needs physical closeness to share ideas, practices Affordable coworking for learning and working Global startup brands Law of attraction - it is a telltale sign, not a rootcause Strong correlation between ecosystem growth and first signs of recognized brands

14. Ecosystem at the most local level

15. How each ecosystem player is connected to the ‘entrepreneur’ Champions Knowledge Onramps Inter sections Stories Culture Entrepreneurs Talent

16. Innovation thrives in dense networks

17. Must haves of a well functioning ecosystem Local idols to follow Recognized for real performance Open, inclusive interaction with community Achievable goals Dedicated space(s) Startup is an urban genre, needs physical closeness to share ideas, practices Affordable coworking for learning and working Signs of Global Brands Law of attraction - it is a telltale sign, not a rootcause Strong correlation between ecosystem growth and first signs of recognized brands

18. The ESSENCE of the startup ecosystem is in the participating PEOPLE and in the TRUST and COOPERATION CULTURE which enables those people cooperate successfully. KAUFFMANN FOUNDATION RESEARCH

19. 6 principles of a well-functioning ecosystem

20. The entrepreneur is at the center Entrepreneur = Leader The goal of the ecosystem is to make enterprise development faster and easier Entrepreneurial feedback is top priority

21. 2. Initiate and support dialogue among players Enable encounters, meetings Valuing and promoting positivity ‘Do’ instead of ‘Tell’

22. 3. Inclusive, not exclusive The more diverse the more valuable Take initiative, don’t wait for others

23. 4. Walk the talk ‘Live’ as you preach Change value by chaning your attitude Do not ‘imply’ - express directly

24. 5. Connect people Connect people in multiple directions Connect across group barriers Build trust communities Heed the feedbacks

25. 6. Formulate, write down ‘the story’ Communicate the strength of your ecosystem Communicate according the channels of each group Highlight and celebrate the examples

26. Where to meet startups Source: Founders Institute Events, meetups, Hackathons

27. Hungarian Success Stories Source: Founders Institute

28. Biggest lesson: Only people can communicate and build communities: entities and institutions don’t.