Deadline:
As soon as possible
Location(s)
Hungary Online
Budapest
Overview
For 5 consecutive years, OTP Startup Booster Program was a yearly international partnership program seeking later-stage startups with validated products and scaleups from all over the world, with the chance to build goal-oriented, business-focused, and mutually beneficial partnerships with OTP Bank.
The program started with a 3-month pilot phase, after which the most successful cohort companies were admitted to a 6-month rollout phase aimed at supporting the full-scale, live integration of the tested solutions into the operation of the bank. Alumni teams had the unique opportunity to refine their products, grow their businesses, and expand their networks through projects conducted in one of the 12 countries where the OTP Banking Group is present, via bespoke training and mentoring sessions.
Details
OTP Group, a top tier player of the financial industry in Central and Eastern Europe, continuously seeks international partnerships with later-stage startups with validated products and scaleups, from all over the world, with a chance to build goal-oriented, business-focused, and mutually beneficial collaborations.
Take this unique opportunity to refine your product, grow your business, and expand your networks through projects conducted in one of the 12 countries where the OTP Banking Group is present and via our prestigious corporate partner network!
Besides continuously accepting applications for potential partnerships, we will also post periodic, thematic programs, called Challenges with shorter and more flexible timelines and milestones. A Challenge is a periodical event that is built around a specific business unit or challenge that will take around a few months. Currently, there is no Challenge posted. Please check back again later for a thematic partnership opportunity or submit your application outside of a specific event below!
The startup partnership opportunities are brought to you by OTP LAB, OTP Bank’s innovation hub.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Who are we looking for?
Startups and scaleups, which meet the following criteria:
- Company is managed by at least two full-time founders, covering both business and tech competences. We especially encourage women-led companies and startups with gender-diverse founding teams to apply.
- There is some novel and scalable technology or an innovative business model behind the product.
- The product is market ready, validated at least through pilots (even better if you already have live users and/or corporate partners).
- There is a founder, a C or VP level executive who will devote the necessary time, energy, and attention needed for driving the partnership with OTP.
Dates
Deadline: As soon as possible
Cost/funding for participants
Program benefits
- Results-oriented pilots based on real business needs: Business-relevant Proof-of-Concept or pilot projects with one of the banks belonging to OTP Group, collaborating directly with renowned OTP experts.
- Dedicated support from piloting to live collaboration: Connection with the right stakeholders and key decision makers within OTP Group, dedicated resources to support the live rollout in case of a successful pilot.
- Business development acceleration & potential customer base: Opportunity to forge new partnerships within OTP Group and get access to up to 18.5 million customers in the CEE region.
- Customized mentorship: Business insights and guidance from dedicated mentors and key decision makers at OTP Group with market-specific expertise in 11 CEE markets.
- Investor relations & international networking: Introductions to PortfoLion, OTP’s VC and PE arm, to other VCs and angel investors and access to an extensive pool of renowned mentors, leading corporate partners and our proven alumni companies.
- No cost, no equity: No application or participation fees, we take no equity, we do not lock you in.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
