OTP Bank is inviting applications for the OTP Startup International Partner Programme to Boost Your Business in Hungary 2020.
OTP Startup Partner Programme is an 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, a top tier player of the financial industry in Central and Eastern Europe.
The program starts with a 3-month pilot phase, after which the most successful cohort companies are 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. Take this unique opportunity to refine your product, grow your business, and expand your networks through projects conducted in one of the 11 countries where the OTP Banking Group is present and via bespoke training and mentoring sessions!
Worth of Award
The Programme benefits are as follows:
- 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
- Coworking space: Free desks for your team at OTP LAB, in the heart of Budapest, over the course of the program – if you decide to relocate (not required)
Eligibility
Startups and scaleups, which meet the following criteria:
- Incorporated companies
- Company is managed by at least two full-time founders, covering both business and tech competences
- 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
- Readiness and willingness on the part of the right person at the company to travel to Budapest or to other subsidiary HQs in CEE on a regular basis during the program (no relocation is required)
How to Apply
The application is online. Visit the website and apply
Deadline: Application closes November 22, 2019.