OTP Group starts cooperation with 12 startups in frames of Startup Booster Program
On September, 5 sees the launch of the pilot phase of OTP Bank’s fifth Startup Booster Program, enabling 12 more mature innovative technology businesses in their growth phase to test their products and services. The pilot phase will last until November 25.
The 12 businesses from nine countries - Serbia, New Zealand, Switzerland, Estonia, Bulgaria, Luxembourg, Romania, the United Kingdom and Israel - were selected from 265 applicants as a result of a multi-stage selection process to be invited to the pilot phase.
During the three-month cooperation, the selected teams will receive support from OTP Group’s Hungarian and international members, OTP LAB employees and recognized professional mentors.
“We are proud to be able to collaborate with our startup partners on developing and implementing meaningful, innovative solutions at an international level for the fifth year under this Program. In line with our strategy, this year, we gave a priority to expanding the range of applications under the Program with beyond-banking and sustainability-focused products and services. High participation from both various areas of expertise and businesses every year shows that we are on the right track and respond to actual business needs with a high level of professionalism”, András Fischer, Director of Innovation at OTP Bank, explained.
The acceleration period will culminate in the Demo Day event on 30 November where startups will present the lessons learned and the progress achieved during the pilot phase to the management of the Group and Program partners. Teams successfully concluding the pilot phase will move on to the six-month rollout phase of the Program where the OTP Group will provide help with the live implementation of their tested innovative solutions.
For more information on the Program, visit www.otpstartup.com.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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