Traction Tribe acceleration business holds open day with startups

“Hungarian innovation has a place on the market” Traction Tribe has for the first time presented its startup teams to the public. The teams introduced their products in short presentations and gave an account on their experiences in the United States. Their products and services target a wide range of consumer groups but they have…


Jump-Starting Hungarian Startups In The United States

Traction Tribe helps Hungarian startups tap financial sources and build their contact base in the U.S., opening them up for business in the enormous North American market. Traction Tribe co-founder Antal Karolyi told business website profit7.hu that while the startup developer teams stay in Budapest, other company personnel are sent to the U.S. with the…


PBG FMC Concludes A Successful Business Period

PBG Fund Management Company concluded investment agreements with three companies in August 2014. These target companies fulfill requirements set in the investment policies by PBG FMC, taking into account their activity, financial results and business trajectory. Hírös-Vitál Ltd. Hirös-Vitál has introduced new sparkling and still mineral water products to the market. The company’s founder and…


PBG FMC Announces a New Investment: Traction Labs Ltd.

A strategic cooperation agreement has been concluded between startup incubator Traction Labs Ltd. (Traction Tribe), EU-funded New Széchenyi Venture Capital, and privately owned PBG FMC Venture Capital Fund. During the agreement period of two years, the capital fund will allocate more than half a billion forints (EUR 1.64 million) to Traction Tribe. Traction Tribe helps…