Apply For The OTP Startup Booster Program By 11 April 2022 & Scale Your Business!

Apply For The OTP Startup Booster Program By 11 April 2022 & Scale Your Business!

The OTP Startup Booster Program supports and collaborates with late-stage startups and scaleups to implement product and operational innovations at OTP Group’s Hungarian headquarters and across its wide network of subsidiaries in CEE. The 2022 edition of the OTP Startup Booster Program is the Group’s most comprehensive innovation program as not only the Group’s Hungarian headquarters but also its CEE-based subsidiaries are joining the program.

Mobilizing Global Startups to Shape the Future of the Banking Industry

The OTP Group sees tremendous value in collaboration with innovative late-stage startups & scaleups. This is proven by the fact that over the recent years, the group reviewed the possibility of working with more than 1.300 startups, conducted 45 pilots, and had post-pilot collaborations with almost half of them.

Seeking Innovation In & Beyond Banking

Applications for the OTP Startup Booster Program can be submitted by later-stage startups and scaleups from any location until 11 April 2022. The companies should already have found a post-product or -market fit. OTP especially encourages women-led companies and startups with gender-diverse founding teams to apply. This year, OTP Bank is looking for innovations in the following categories:

  • Beyond Banking: From PropTech to Precision Farming, Green Financing & more
  • Customer Experience & Customer Servicing: From Gamified Debt Collection to Voice Search & more
  • Internal Efficiency: From OCR/NLU Solutions to Learning & Development, Employee Wellbeing & more
  • Product Innovations in Retail Banking: From Gamified Investment Solutions to Savings, Client Engagement & more
  • Product Innovations in SME & Corporate Banking: From Data Enrichment to Open Banking, Financial Analysis, Credit Risk Rating & more

To explore all subtopics, visit OTP Bank’s website.

Are You Ready to Boost Your Business?

Managers, professional mentors, renowned external experts, and decision-makers of the OTP Group will support participating startups to test the applicability of their developments in the Central and Eastern European banking sector. Companies will also have the opportunity to attend multiple (online) events supporting international networking. This way, you can introduce yourself to renowned national and international partner corporations and expand business development opportunities. More benefits of applying for the program include:

  • Opportunity to perform a results-oriented pilot based on real business needs
  • Dedicated support from piloting to live collaboration incl. connections and resources
  • Connection to key decision-makers within OTP
  • Business development acceleration & potential customer base of 19+ million within the CEE region
  • Customized mentorship from dedicated experts, mentors, and key decision-makers
  • Opportunity for product innovation and development
  • Possibility to receive funding & networking opportunities with PortfoLion, OTP’s VC and PE arm as well as other VCs and angel investors
  • All at no cost, no equity

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What can you expect from the Booster Program?

Companies applying for the program will take part in a three-stage selection process: after completing the online application form, candidates demonstrating a good business fit will be invited to an online interview in April 2022 and finally, the best applicants can attend the two-day Selection Days in Budapest, Hungary (25-26 May 2022).

The three-month pilot period – supported by business development mentoring – will take place between September and November 2022, fully through online channels. The pilot period will conclude with an online Demo Day on 30 November 2022, where the cohort companies can present the results of the pilot projects to the management of the Group, as well as the representatives of several Hungarian and international corporate partners and investors.

Afterward, the companies with the most promising pilot results will join the 6-month rollout phase of the program, in which they can instantly commence the live implementation of their solution within the OTP Group.

2021 Winner Mentessa enables Smoother Onboarding with the Help of a Mentor

Mentessa, a Germany-based startup, provides a cloud-based community platform for mentoring and know-how exchange in network organizations. The company provides its digital onboarding solution to one of OTP Bank’s subsidiaries, which supports the training of the bank’s newly hired employees. With the help of this solution, the Human Resources Department could measure a significant increase in employee experience, user satisfaction, and engagement. In the future, the bank also pursues the goal to decrease attrition-driven onboarding productivity loss and increase productivity for all employee roles due to faster onboardings.

“The OTP Startup Booster Program mentored us through the process of understanding the company culture, connecting with the right stakeholders, and facilitating meaningful partnerships, which eventually led to winning the bank as a customer. We are extremely happy and grateful to have been part of it,” says Dr. Tina Ruseva, Founder of Mentessa, about the last edition of the Booster Program.

Over To You!

Are you ready to shape the future of the banking industry and boost your business?

Apply for the OTP Startup Booster Program by 11 April 2022!

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