HIVENTURES
Published on 26 December 2018
Hungary
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Professionally supervised and supported by the National Research, Development and Innovation Office and the Hungarian Development Bank Plc. (HDB), HIVENTURES aims to invest in and support pre-seed, seed and growth stage companies through our venture capital programs, thus helping pre-established or young, R+D+I focused companies to succeed. HIVENTURES provides the following investment structures:
• Pre-seed investments: supports micro-enterprises with research, development and innovation activities, where the product or service idea already exists, but the final concept development and business content is yet to discover and evolve. Investment time horizon: one year (up to 9 million HUF [approx. 29 000 EUR] capital to each business + 9% share);
• Seed investments: supports micro- small- and middle-sized enterprises that already realized the significant part of the product development, market validation, finished with market testing, however in order to reach the next level they need extra capital, which requires a business plan. Investment time horizon: two years (20-150 million HUF [approx. 65 000 – 485 000 EUR] capital to each company);
• Growthinvestments: supports micro- small- and middle-sized enterprises that already finished the product development, market validation, however in order to boost their sales or enter into international markets they need extra capital. Investment time horizon: between three to six years (up to 500 million HUF [approx.1,6 mio EUR].
• Pre-seed investments: supports micro-enterprises with research, development and innovation activities, where the product or service idea already exists, but the final concept development and business content is yet to discover and evolve. Investment time horizon: one year (up to 9 million HUF [approx. 29 000 EUR] capital to each business + 9% share);
• Seed investments: supports micro- small- and middle-sized enterprises that already realized the significant part of the product development, market validation, finished with market testing, however in order to reach the next level they need extra capital, which requires a business plan. Investment time horizon: two years (20-150 million HUF [approx. 65 000 – 485 000 EUR] capital to each company);
• Growthinvestments: supports micro- small- and middle-sized enterprises that already finished the product development, market validation, however in order to boost their sales or enter into international markets they need extra capital. Investment time horizon: between three to six years (up to 500 million HUF [approx.1,6 mio EUR].
Resources needed
Members of the team bring together important knowledge and expertise:
• experienced fund managers;
• track record in venture capital with successful exits;
• experience in corporate finance, banking, investments, project management, business strategy, international diplomacy.
• experienced fund managers;
• track record in venture capital with successful exits;
• experience in corporate finance, banking, investments, project management, business strategy, international diplomacy.
Evidence of success
200+ companies invested in (HIVENTURES portfolio)
Potential for learning or transfer
Attention should be paid on the investment management team composition as well as the due diligence.