Hungarian venture capital investment company Primus Capital – unrelated to the Cleveland-based firm of the same name – is putting up a 400m-forint ($1.77m) fund to launch a newly-designed business acceleration programme in seeking access to the U.S. market for Hungarian technology companies.
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The programme, designed by New York-based technology firm iCatapult, involves a two-month mentorship period for a business team who will then be taken to New York and given the opportunity to seek out investors with support from local executives.
Projected investment per portfolio company is in the range of $200,000, according to investment news website Invest-IQ.net.
The duration of the programme is set at between three and four months but may be extended for up to a year.
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