Six New Startups Join Design Terminal’s Spring Mentoring Program
Fanni Kaszas 2018.03.07.
The most innovative social impact startups were chosen for the spring semester of Design Terminal’s Mentoring Program. With its official selection, the organization has closed its most successful scouting period ever, as a record 125 businesses applied to the international program from all over the world.
Design Terminal received a record number of applications to the spring semester of its Mentoring Program. After a strict selection process, the best six startups got into the 3-month long business development phase. Applications came from 25 countries including Taiwan, Germany, Israel, and the United Kingdom.
Since 2017, the organization has been looking for early-stage businesses which focus on having a strong social impact and are aimed at solving a social challenge. Apart from community building and emphasizing social innovation, one of the main goals of the organization is to increase the number of female founders. Amongst the applicants of the spring semester, 30% of the startups have a female team member.
The six startups will participate in an intense 3-month long business development program that is free of charge for all teams. Besides the invaluable help of local and international mentors, Design Terminal has corporate partners such as EON, MOL, Knorr-Bremse and BlackRock Budapest that are open for cooperation.
In Design Terminal’s 3-month long, intense business development program, startups can develop their business models, their organizational and legal background, and their marketing communications. After the mentoring sessions, the businesses become more valuable and are ready to welcome their first investors. The specialty of the program is that Design Terminal is decidedly helping companies that also contribute to the solution of a social problem with their business idea. Former mentees include Route4U, which aids the commute of wheelchair users, Platio, which develops pavement generating energy, and GyermekSOS, which eases emergency healthcare. The talent management program, which received an award from the European Commission in 2014, is supported by local and international companies, as well as by Hungary’s Ministry of Human Capacities.
The teams participating in Design Terminal’s 2018 Spring Mentoring Programme:
GloveEye is a tiny, portable and affordable device, helping the blind and partially sighted by converting printed text to Braille. The product is similar to a glove, with a special Braille cell inserted in it. The users only have to slide their index finger on the text and the device translates it in real time.
LearnIt provides curricula for teachers to help them organise coding clubs, workshops and daycare camps for children in the ages between 9-16. Their target group is not only the parents, but also the private and state schools.
FabriXense is a startup introducing a novel approach for intelligent wearables used for medical workwear. Their smart clothes can measure biomedical parameters (heartbeat rhythm, breathing, oximetry and blood pressure) without getting in contact with the skin. The company’s aim is to help monitoring pregnancy and the fetus from the ovulation period, through the childbearing and after giving birth.
StudyX is a training service backing up companies so that their users could reach the online and offline courses on their own devices, turning them into personalised micro courses. This way they can nourish commitment for the courses amongst the employees.
Nord Technologies is a software and hardware developing startup specialized in smart homes. Their first product Nord Open is a bluetooth based device controller, working with their own interface. The problem they solve is reducing the number of remotes controlled by one person and the unpleasantness coming with it, such as butteries running out easily.
CollMot is a startup providing aerial drone services. They have mainly worked in the entertainment industry with their intelligent drones (e.g: providing drone light shows and and drone-launched fireworks) up until now. Their aim is that the possibilities provided by drones should be used in the fields of agriculture, environmental issues, industrial measurements or any other useful public service.