Alba Accelerator, the Hungarian pilot of the ACCELERATOR project run and managed by Central Transdanubian Regional Innovation Agency (CTRIA) with the support of Széchenyi Venture Capital Management Ltd. (SZTA) has successfully completed its autumn round. The nine participating teams had a chance to present their projects to a panel of investors, 22nd November, in Székesfehérvár. 

CTRIA and SZTA received applications of startups and teams with a business idea and/or proof of concept for this year’s second round of the program, which several active and esteemed thematic experts from the Hungarian startup ecosystem and mentors supported. Their solid experience offered assistance in the launch or further development of freshly started projects.

The first three winners of the second startup day as well as of the pilot programme are:

1. InsackTM: The company’s goal is to provide edible insect products in non-visible form for a wide range of consumers with special needs. Since insect powders have a carbohydrate-reducing and nutrient-enhancing effect in the dough of bakery products, it could efficiently be used as nutrition supplement, additive or raw material for the consumers and for the industry, in a sustainable way.

2. WarrantIQ: A blockchain based solution to manage and trace warranty documents. It stores the e-warranty documents with the involvment of all participants: consumers, retailers, carriers, banks and insurance providers. WarrantIQ can also be used to find the nearest service points and check whether the desired product is original or not. It also offers small scale loans and extended warranties.

3. Dental Scanner Solutions: Its team is working on the development of a new 3D dental scanner that, due to its favorable parameters can replace the traditional sampling procedure. Thanks to this new technology, market prices would be reduced to less than half of the usual price.