4th agri-startup incubator program coming this September

Incubators

This September, the NAK TechLab incubation program connecting agricultural startups and large companies will be launched for the fourth time. Startups participating in the program, launched by the National Chamber of Agriculture, will be able to develop their solutions with the help of large companies to meet the needs of the sector, according to a press release sent to the Budapest Business Journal.

Since 2019, the National Chamber of Agriculture's agricultural startup program has been supporting new types of developments through several program elements to increase the digitalization level of agriculture and to encourage more farmers to adopt efficiency-enhancing and sustainable solutions. Launched for the fourth time this year, the main objective of the large business startup incubation program is to find solutions to the challenges facing the sector.

The incubation program's professional partner is Design Terminal. As a technology partner, Vodafone Business has been supporting the startups participating in the incubation program since its inception.

"The digitalization of the domestic agribusiness is essential. In the NAK TechLab program, we support developments that can facilitate the everyday work of our members. With the chamber's agri-startup program, we are working to increase efficiency indicators and are promoting or participating in the professional support of several technological developments that can generate significant profit increases for farmers," said Balázs Győrffy, president of the National Chamber of Agriculture.

In cooperation with large companies, the problems affecting Hungarian agriculture that need to be solved have been identified, and start-ups can provide solutions. Possible cooperation with large companies can mean market validation, joint product development, test environment, investment, or a concrete agreement between startup and large company. 

In addition to up-to-date agri-market information, startups can further develop their digital solutions by working with business training, product development, and big business mentors. In addition to intensive mentoring, participants will also receive legal and fundraising advice to help them get to market as quickly as possible.

This year, market-leading large companies such as Claas Hungária Kft., Corteva Agriscience, Pápai Hús Kft., Axiál Kft., Bonafarm Group, and Hungrana Kft. will join the program.

The three-month program is open to all technological developments that respond to the challenges of large enterprises. 

 

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