The Current Role of Venture Capital in Creating and Scaling Startups: Emphasizing the Hungary-Emerging Region Connection
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Venture capital (VC) is known mostly for providing financial capital to early-stage, high-potential and high-risk startup companies. VC clearly played a vital role in the growth of Silicon Valley and other established innovation clusters.
However, VC in different regions can have different characteristics. In Hungary, for example, there is abundant talent in science and engineering. However, with a legacy of a planned economy, the VC arena here is not the same as VC in Silicon Valley. Apart from being important for financial investment, VC has other very critical functions for creating and scaling startup companies, such as helping startups form teams, develop partnerships worldwide and expand globally. In a country like Hungary where management talent is relatively scarce compared with its technical talents, these additional roles of VC are often crucial for success. At this roundtable we will identify the distinctive features of VC in our region.
VC also has a significant connection with educational institutions and, in particular, with business schools. The first major venture capital firm, American Research and Development (ARD), was founded by Georges Doriot (a former professor at Harvard Business School and a founder of INSEAD), Ralph Flanders and Karl Compton (former president of MIT). In this roundtable we will also discuss this link between VC and business schools dedicated to entrepreneurship and innovation, such as CEU Business School.
Please join us at this roundtable where we bring together accomplished VCs and startup entrepreneurs to discuss the many critical associated with VC in Hungary and the region.
Péter Tánczos, Euroventures
Iván Halász, Finext
János Kóka, Cellum
Zoltán Kovács, Kirowskiisobar
Moderator: Paul Lacourbe, Associate Professor of Operations Management, CEU Business School
Institute for Entrepreneurship and Innovation at CEU Business School
Hungarian Private Equity and Venture Capital Association (HVCA)