- Date: 14.–16. October 2011
- Place: Prezi HQ, Budapest/Hungary
- Participants: 80 people
- Mentors: 29
- Judges: 7
- Idea pitches: 16
- End presentations: 11
As you may know, Budapest is one of the hottest entrepreneurial cities in Central and Eastern Europe, giving birth to great startups like Prezi, Ustream or LogMeIn, to just state some examples. So you can imagine how we excited we were when we started with the organization of Startup Live Budapest #1 this summer. The best part of it: Prezi would be hosting and organizing the event!
Together with the great support of our partners Kitchen Budapest, Ustream and the European Entrepreneurship Foundation (and Colabs?) Prezi and STARTeurope mobilized Budapest’s entrepreneurs to search for the next generation of startups from October 14th to 16th.
The goal of the event was to help innovative business ideas getting to the next level. The creative people who presented their ideas were looking for a team, improvement of their idea, technical support, design of the corresponding business model or money to implement them. Therefore Startup Live Budapest #1 provided the general framework.
On Friday, 14th of October, the participants gathered in the late afternoon at the impressing Prezi HQ in the heart of Budapest. Immediately, ideas were shared with each other and first discussions came up while eating cake and drinking coffee. Shortly after 17 o’ clock the event was kicked off by two introductory speeches to motivate the participants. Then, the pitches started and 16 ideas were presented. The ideas ranged from augmented reality games to software to analyze your dreams and it was really great to see people of so many different backgrounds working and bonding together right away.
Shortly after the presentations the teambuilding started, where the needs of ideas were matched with the skills of the participants that didn’t present an idea. In doing so, teams were formed that went to assigned group working places to start working. The goals for the weekend were defined by each team individually, but they also had to work on specific questions given to them by the organizing team.
The main task for the following day was: getting things done!
Peter Arvai, CEO of Prezi opened the day with a very motivational speech about his experience as an entrepreneur and around lunch time, the mentors arrived. (Serial) Entrepreneurs, tech experts, investors, and business angels came to support the venture teams with their experience. The mentors were introduced and then went to the group working spaces of the teams, listened to their plans, gave feedback, pointed out critical issues and suggested possible solutions. Usually, after one hour the mentors switched to the next team in order to get in touch with many different ideas. The feedback gave the participants essential insights on their business ideas. Afterwards most mentors stayed longer then planned to discuss further business ideas in a loose atmosphere. One even joined a team and there are wild speculations about a possible investment from his side in the project he joined!
After the mentors were gone, the venture teams refreshed themselves with excellent food & beverages and then tried to work the feedback of the mentors into their business ideas. Again, although the long night of the day before, many teams stayed till late night and worked on their ideas.
On Sunday morning, Peter Zaboji of the European Entrepreneurship Foundation prepared the participants with yet another great motivational speech. The last day was fully dedicated to the final presentations. Based on these presentations the jury awarded prizes in different categories.
The winners were (in no specific order):
- Participation in the program of the European Entrepreneurship Foundation: mindenki.hu, a social media analysis tool.
- 6-mont accelerator program at Kitchen Budapest: 4issues.com, a platform that aims to maximize positive brand exposure of corporate charitable donations.
- Co-working space at Colabs: Animo City, an augmented reality based mobile multiplayer game.
Afterwards, we ended the event with networking, pizza and some beer to celebrate the great improvements and developments of the ideas over the weekend. During the closing, the people exchanged cards and made further plans for cooperation, mentoring or financing.
If you want to see how the event went, check out our photo album on facebook and show us some love!
By the way: there are some rumors that Startup Live Budapest #2 is already in the making…you better watch this space ;)