10 New Startups In Hungary

Entrepreneurs are increasingly drawn to Hungary to start a business there. Over the past years, startups have become very popular in Hungary, and they have also performed very well. Startups in AI, tech and even healthcare are making waves in Hungary.

 

Why Do People Launch Startups In Hungary?

 

There are many reasons why people choose Hungary as the destination for their startups, and this is due to factors such as Hungary being perfectly located, making it easy to access Eastern and Western Europe.

Additionally, Hungary has a very low tax rate—one of the lowest in Europe—making it very attractive for entrepreneurs.

Operating costs are also low compared to other countries in Europe, reducing expenses when it comes to salaries, office space and utilities.

The Hungarian government offers a range of incentives for start-ups, such as grants and funding opportunities aimed at fostering innovation. There are also many other investment opportunities that can help startups.

All of these factors, combined with the fact that Hungary is a very beautiful country, make it a very attractive option for entrepreneurs to start a business in and live. Similarly many startups are doing extremely well with many of them reaching unicorn status very fast.

 

10 New Startup In Hungary

 

These are 10 new startups in Hungary that are worth knowing:

 

1. Agroloop

 

 

Agroloop is a greentech startup that was founded in 2020 in Hungary and focuses on sustainability by scaling insect farming.

They produce a sustainable feed ingredient and organic fertiliser by recycling pre-consumer food waste through insect farming. By upcycling organic materials and processing plant-based food scraps, they create a sustainable protein source. This innovative approach not only helps pave the way for a greener future in organic and livestock farming but also allows businesses to lessen their environmental footprint while boosting animal health and performance.

 

2. Hackrate

 

 

Hackrate is a cybersecurity startup that was founded in 2019 in Budapest by Balázs Pozner and Levente Molnár.

The company specialises in creating a vulnerability management platform that focuses on ethical hacking technology. Their platform allows users to report potential security issues and helps minimise the risks associated with disclosing vulnerabilities through improper channels, like vulnerability reports. This empowers businesses to prevent data breaches by effectively reducing cybersecurity risks.

 

3. Volteum

 

 

Volteum is an EV startup that was established in 2020 in Budapest by Dávid Kertész, Kornél Kálmán, and Zsófia Tóth, and they specialise in electric vehicle fleet management.

As a developer of a data-driven platform, they help businesses navigate the intricate world of fleet electrification. This includes everything from choosing the right vehicles to setting up charging infrastructure and analysing costs. Their operations tool is designed to optimise electric vehicle fleet management, featuring advanced capabilities like range simulation, route optimisation, charging schedule management, and real-time monitoring. All of this is geared towards boosting efficiency, cutting operational costs, and alleviating range anxiety, empowering companies to make informed decisions at every stage of their transition to electric vehicle fleets.

 

4. Compocity

 

 

Compocity is a startup that was established in 2020 in Budapest by Emese Pancsa, and they specialise in sustainability solutions that manage food waste.

They developed an innovative indoor composting system that transforms food waste into nutrient-rich compost. This company’s composter not only keeps an eye on the composting process but also tracks the environmental impact of its waste management efforts. Their goal is to foster a sustainable economy in cities, helping businesses and communities enhance local green spaces while embracing eco-friendly practices.

 

5. MaxWhere

 

 

MaxWhere is a startup that was founded in 2020 in Budapest by Baranyi Péter, Csapó Ádám, Márk Hetényi, and Péter Galambos.

MaxWhere is all about helping businesses make the leap into the metaverse. Their platform offers real-time integration for sectors like manufacturing, logistics, and collaboration. With a solid €2 million in funding, MaxWhere is empowering companies to tap into virtual environments, a trend that’s really picking up steam around the world, including in the UK.

 

 

6. denxpert

 

 

Denxpert is a startup that was established in 2021 in Budapest, and they specialise in software that offers cloud-based compliance solutions for EHS&S professionals.

Their software is packed with features like easy accessibility, budget-friendly implementation, and compliance with national regulations. It also allows for managing user access rights for different roles, has a modular design, and offers additional modules for legal, chemical, data, and crane-related tasks. This way, managers can effectively monitor and control the whole process of occupational safety and health management.

 

7. DokiApp

 

 

DokiApp is a healthcare startup that was established in 2019 in Budapest. They’re operators of a telemedicine advisory platform designed to provide on-demand video consultations with doctors and psychologists. Their platform caters to both consumers and businesses, offering companies employee well-being programmes and a white-label tech solution for institutions.

They make it easy for patients to access online medical and psychological consultations, as well as counselling through video calls, anytime and anywhere. This way, patients can stay informed about their health and avoid any confusion.

 

8. MEROVA Health

 

 

MEROVA Health is a healthcare startup that was founded in 2023 in Budapest, and their vision is to create a global diabetes care system.

They’ve developed client management software focused on building a global diabetes care system that ensures high-risk patients receive the accurate care they need. Their platform bridges the gap between patients and providers, helping to create tailored patient journeys. It also facilitates home follow-up care and support, empowering podiatrists to enhance their expertise and broaden their services, from treating nail fungus to caring for diabetic feet.

 

9. Qneiform

 

 

Qneiform is a startup that was founded in 2022 in Budapest by Thomas Percy and assists people in finding their next recruit.

Qneiform is revolutionising recruitment in the financial services sector by leveraging data-driven insights. With a solid €750,000 in funding, their platform automates the hiring process, delivering efficiency that could really help UK financial firms attract top talent in today’s competitive landscape.

 

10. Quino

 

 

Quino is an edtech startup that was established in 2023 in Székesfehérvár by Gergő Sebestyén, Paul J. Boylan, Tamás Imets, and Ákos Jakub.

They’ve developed an innovative educational platform that is on a mission to make learning more engaging. Their platform empowers users to upload a variety of academic materials, which are then transformed into interactive learning games. With features like multi-language support, compatibility with different file formats, seamless integration with course curricula, and insights into student performance, this platform helps educators tailor their teaching methods. Ultimately, it enables educational institutions to boost student engagement and improve knowledge retention through the fun of gamified learning.