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Coworking in Hungary About Hungary
Hungary is a landlocked country sitting in Central Europe with a dynamic cityscape in its capital, Budapest. The cosmopolitan city is cut in half by the Danube River and is dressed in its historical architectural landmarks such as Buda's medieval Castle Hill and a 19th Century Chain Bridge. Roman, Turkish, Slavic and Magyar influences betray its long and rich history.
Despite there being many players in the startup ecosystem in Hungary, it is often referred to as "PreziUstreamLogMeIn" alluding to the 3 Internet giants on the scene. Touted as being like a good goulash in the making - the ecosystem has all the ingredients, it has started to send off tantalizing aromas, but it is still cooking. With a population of approximately 1.7 million, 76% are connected to the Internet of which about 52% plays on Facebook. The country shows no evidence of filtering or monitoring on the Internet, but in 2014 the National Tax and Customs Authority did temporarily block access to 7 gambling related sites for 3 months. Also in 2014 the government planned to introduce a tax on Internet data transfers that was met with outrage from its citizens.
Hungary has a dynamic incubator/accelerator sector, it is awash in funding options and the universities are focusing on entrepreneurship programs. Unfortunately "startups" are the least understood form of business in the country. What startups there are, seem to be strong on technology and technical development, with many beginning life as a side project to an outsourcing development workshop.
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Coworking in Hungary About Hungary