Next September, the NAK TechLab incubation program connecting agricultural startups and large companies will be launched for the fourth time. Startups participating in the program, launched by the National Chamber of Agriculture, will be able to develop their solutions with the help of large companies to meet the needs of the sector, according to a statement sent to the Budapest Business Journal.

Since 2019, the National Chamber of Agriculture’s Agricultural Startup Program has been supporting new types of developments through several program elements to increase the level of digitalization of agriculture and encourage more farmers to adopt efficient and sustainable solutions. . Launched for the fourth time this year, the large business incubation program has as its main objective to find solutions to the challenges facing the sector.

The professional partner of the incubation program is Design Terminal. As a technology partner, Vodafone Business has been supporting startups participating in the incubation program since its inception.

“The digitization of the national agribusiness is essential. In the NAK TechLab program, we support developments that can facilitate the daily work of our members. With the chamber’s agri-startup program, we work to increase the indicators of efficiency and promote or participate in the professional support of several technological developments that can generate significant increases in profits for farmers,” said Balázs Győrffy, President of the National Chamber of Agriculture.

In cooperation with large companies, problems affecting Hungarian agriculture that need to be solved have been identified and start-ups can provide solutions. Possible cooperation with large companies can mean market validation, joint product development, test environment, investment or a concrete agreement between a startup and a large company.

In addition to up-to-date information on agricultural markets, startups can further develop their digital solutions by working with business training, product development, and mentors from larger companies. In addition to intensive mentorship, participants will also receive legal and fundraising advice to help them get to market as quickly as possible.

This year, large market-leading companies such as Claas Hungária Kft., Corteva Agriscience, Pápai Hús Kft., Axiál Kft., Bonafarm Group and Hungrana Kft. will join the program.

The three-month program is open to all technological developments responding to the challenges of large companies.

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