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OTP Startup Booster Program is an international partnership program seeking later-stage startups with validated products and scaleups from all over the world, with the chance to build goal-oriented, business-focused, and mutually beneficial partnerships with OTP Bank, a top tier player of the financial industry in Central and Eastern Europe.

The program starts with a 3-month pilot phase, after which the most successful cohort companies are admitted to a 6-month rollout phase aimed at supporting the full-scale, live integration of the tested solutions into the operation of the bank. Take this unique opportunity to refine your product, grow your business, and expand your networks through projects conducted in one of the 11 countries where the OTP Banking Group is present and via bespoke training and mentoring sessions!

OTP Startup Booster Program is brought to you by OTP LAB, OTP Bank’s innovation hub.

Benefits

Results-oriented pilots based on real business needs

Business-relevant Proof-of-Concept or pilot projects with one of the banks belonging to OTP Group, collaborating directly with renowned OTP experts

Dedicated support from piloting to live collaboration

Connection with the right stakeholders and key decision makers within OTP Group, dedicated resources to support the live rollout in case of a successful pilot

Business development acceleration & potential customer base

Opportunity to forge new partnerships within OTP Group and get access to up to 19+ million customers in the CEE region

Customized mentorship

Business insights and guidance from dedicated mentors and key decision makers at OTP Group with market-specific expertise in 11 CEE markets

Investor relations & international networking

Introductions to PortfoLion, OTP’s VC and PE arm, to other VCs and angel investors and access to an extensive pool of renowned mentors, leading corporate partners and our proven alumni companies

No cost, no equity

There are no application or participation fees, we take no equity, we do not lock you in

Who are we looking for?

Startups and scaleups, which meet the following criteria:
  • Company is managed by at least two full-time founders, covering both business and tech competences. We especially encourage women-led companies and startups with gender-diverse founding teams to apply.
  • There is some novel and scalable technology or an innovative business model behind the product.
  • The product is market ready, validated at least through pilots (even better if you already have live users and/or corporate partners).
  • There is a founder, a C or VP level executive who will devote the necessary time, energy, and attention needed for driving the partnership with OTP.

2022 batch timeline

Pre-program milestones

  • Launch of open call: 7 Mar 2022
  • Application deadline: 18 Apr 2022
  • Online interviews: 18 Apr – 29 Apr 2022 (please ensure your availability)
  • Offline selection days in Budapest: 25 – 26 May 2022 (please ensure your availability)

Pilot phase milestones

  • Kick-off week: 05 – 09 Sep 2022
  • Mid-term week: 10 – 14 Oct 2022
  • Final week: 21 – 25 Nov 2022
  • Online Demo Day: 30 Nov 2022

Post-program milestones

  • In case of successful pilots admission to the 6-month rollout phase aimed at long-term partnership
  • Alumni membership

Focus areas

Click on each focus area to explore the related business challenges we aim to solve with innovative partners.

  • Gamified debt collection
  • Churn prediction and retention
  • Voice search optimization/voice advertisement, implementation of audio branding
  • Data-driven sales offers, recommendation engine development, conversion rate optimization
  • Integrated, multi-platform analysis with advanced behaviour analytics
  • Advanced customer feedback collection and personalized campaign management
  • Advanced OCR/NLU solutions handling non-structured documents
  • Automated internal regulations management with intelligent searching
  • Performance management and incentive platform for contact center
  • Test environment management, liveness/readyness check with real time visualization
  • Self-service digital business travel management
  • Remote workplace scheduling, management
  • Gamified learning and development for employees
  • Gamified digital solutions to shape the culture of recognition and supporting the process of large-scale award ceremonies
  • Employee wellbeing enhancing with gamification
  • Fraud prevention to constantly monitor client's and economically connected groups potential fraudulent activities
  • Employee engagement platform supporting interactions with and between employees
  • Improving contact center efficiency with AI based predictive call routing, emotional intelligence and recommendations
  • Analysis of reading behaviour of clients on digital channels and offering content improvement recommendation
  • Offline ATL campaign measurement
  • Internal communication and engagement
  • Cloud based, SaaS POS emulation/sandbox, integrated/automated test and certification management of retail checkout softwares
  • IBAN verification during SEPA transactions
  • Cardless ATM cash withdrawal
  • Gamified investment
  • Advanced BNPL (“Buy Now Pay Later”)
  • Innovative savings - goal based savings, microsavings, etc.
  • Gamified solutions for improving financial literacy (for kids and/or adults)
  • Client engagement, loyalty, reward and retention
  • Advanced PFM
  • Data enrichment in order to enhance the risk assessment and scoring of corporate customers
  • AI-based Business Financial Management platform utilizing open banking capabilities
  • Financial analysis application for SME and corporate clients
  • Creation of balance sheet, income statement and tax reports for private entrepreneurs
  • Automated financing of deferred payment accounts with an integration to accounting platforms or webshops
  • Automated monitoring of pledged account receivables
  • Hybrid payment solutions and devices
  • Modern POS aquisition solutions
  • Client aquisition lead management for SME clientele
  • Innovative proptech solutions for home buyer/sellers and homeowners
  • Analysis of the economic impact of climate change on clients
  • Scoring-as-a-Service provided by the Bank
  • Carbon footprint measurement of SME clients
  • Precision farming solutions (e.g.: multispectral, satellite etc. Images, yield estimation and controll)
  • Utilization of data gathered from precision farming
  • Car loan related marketplace/aggregator with fraud advertisement checking, evaluation of the car etc.
  • Advanced retail marketplace functionalities
  • Platform supporting environmental and health conciousness, green transition of clients and the bank
  • Collection and recycling of expired bank cards

We are of course aware that we do not know what we do not know, and therefore we are open to disruptive solutions that can transform the financial industry in ways we have not thought of. If you have such an idea, we encourage you to submit your application.

Our team

Program team

Mentors

Partners

Our partners offer special deals, workshops, office hours, and the chance to get fast-track access to their acceleration programs.

Track record

1300+

Startups evaluated for collaboration

105+

Participating OTP business units

45+

Completed pilots

>45%

Ratio of post-pilot collaborations

Contact

You can find the program team here:

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Do you have any questions?

Check out our Frequently Asked Questions page for more information.

If you can’t find the right answers there, feel free to drop us a line on otplab@otpbank.hu.

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