OTP Startup Booster Program, announced for the fifth time, reached another milestone: the pilot phase was launched on 5 September 2022 and will run until 25 November 2022, with OTP Group starting cooperation with 12 startups.
The program enables 12 more mature innovative technology businesses in their growth phase to test their products and services. 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. The Program is aimed at finding innovative solutions to actual business needs as a result of a targeted, business-focused, long-term partnership between the Group and the businesses. This year, the call was open to applications covering beyond banking and sustainability solutions as well. The 12 businesses were selected from 265 applicants as a result of a multi-stage selection process to be invited to the pilot phase.
In the application period of the multi-stage selection process, from 7 March to 18 April 2022, 265 applications from 55 countries were received in total. During the Selection Days event held in May, around 150 participants, banking professionals and representatives of startups from 17 countries worked together on concepts for pilot projects proposed for implementation. The event led to 12 businesses being invited to the pilot phase, enabling them to start testing their products and services with the involvement of the Ukrainian, Bulgarian, Slovenian and Romanian subsidiary banks in addition to the parent bank.
