Looking for innovators to respond. recover. thrive.

2021. 04.15 - 16 // Online hackathon

Thank you for your participation!

I’ve got an idea!
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ABOUT

What is Idea Vault?

Idea Vault is a hackathon organized by MKB Fintechlab which aims to bring together the brightest minds and their ideas on how we can help and accelerate the financial recovery and restart to COVID affected businesses. Apply now for the opportunity to work with our amazing mentors, win a prize from a total pool of 1m HUF or even a funding opportunity.

Get investment from MKB FintechLab and Hiventures and kickstart your own startup.

What is the challenge?

The impact of the pandemic has shaken the fabric of our societies and with that our everyday lives. In order to rise to the challenges presented by this past year, we have to start focusing on our future and turn our newly acquired experiences into knowledge and action:

PLANNING

Help! I need somebody. Not just anybody.

What do we see?

These past months have shown us that those who can react quickly can successfully adapt and win the situation. Long-term business models need to be more flexible, resilient, prepared to meet unseen demands. Agility and speed are key strengths of contemporary businesses.

What do we need?

We are looking for innovative ideas in order to help individuals and companies to plan and prepare their financial future, such as: cash flow planning, personal wealth management, personal financial management, microsaving solutions. We are open to all ideas, apps or gadgets that can help to provide financially responsive solutions.

HELPING

Rise up!

What do we see?

In this time of need for many, those of us who have been spared from the direct consequences of the pandemic have to take action: Great examples show us that solidarity and cooperation are the key elements to find our way out from crises and reduce financial inequality. Responding positively as a community could be key to tackle this situation and rise above it by building a stronger financial landscape.

What do we need?

 We are looking for creative ideas which help to express solidarity in favor for those who are the most exposed to the negative effects of the current situation. Do not forget that our best tool is a bank, so we need smart solutions that we can build in everyday banking operations and provide financial help for people most in need. This could include: community financing, sharing access to products or knowledge for free. Surprise us and let us help nurture solidarity and help with digital solutions!

Bring your team and join the second edition of the Idea Vault idea competition and business challenge.

Have an idea? Have a look at what is going to happen.

How can we move from recession to recovery?

Tell us what you have in mind by submitting your application for the challenge until the 10th of April.

Keep your fingers crossed for your idea to be selected to the finals. We will inform you about the selection on the 12th of April.

Let us help you in perfecting your idea with the help of top-notch professionals from the design and banking world.

Wrap the jury around your finger by giving the perfect pitch at the finals.

Make it to the top 3 and win valuable package of prizes. Moreover, a possibility for funding.

Make your idea become reality with the help of MKB Bank and let us help with piloting it.

details

First thing first

  • Bring something  to the table - tell us an idea and maybe a general description of it (no need to bring the solution already, just state the problem you would like to address)
  • It’s dangerous to go alone - you can only enter as a team, think hard about the consistence of your team as per the solution you envision
  • Choose your poison -  these are the 2 categories (Help. I need somebody. Not just anybody, Rise up!) from which you guys should choose one based on the nature of your idea:
  • We are looking for innovative ideas in order to help individuals and companies to plan and prepare their financial future
  • We are looking for creative ideas which help to express solidarity in favor for those who are the most exposed to the negative effects of the current situation
Program

Agenda and Timing

2021. April 15 - 16.

We are still working out the details of
Design Summit 2020, rest assured it will include:

  • Hands-on educational content for professionals 
and young talents
  • New, exciting, and interactive virtual formats
  • Cutting-edge speakers
  • Virtual networking opportunities
  • Peer-to-peer exchanges

and much, much more...

PRIZES AND MORE

But is it worth it?

Teach me, senpai!

We will provide you with the best professional mentors and coaches we can get our hands on, so you can bring out the most of your idea. Your team can get several intensive mentoring sessions from the field's top-notch professionals.

Pitch, please

Your vision rarely speaks for itself. We will help you to become a master pitcher! Presenting it, selling it, winning it.

Prizes

  • 300.000 HUF value eMAG voucher
  • 500.000 HUF value eMAG voucher
  • 200.000 HUF value eMAG voucher

A possibility for funding - depending on the selected ideas.

Program

Juries

We are still working out the details of
Design Summit 2020, rest assured it will include:

  • Hands-on educational content for professionals 
and young talents
  • New, exciting, and interactive virtual formats
  • Cutting-edge speakers
  • Virtual networking opportunities
  • Peer-to-peer exchanges

and much, much more...

Sándor Varga-Tarr
Investment Director
Hiventures
Gergő Czímer
Chief Digital Officer
Takarékbank
Katalin Schuster
Head of Consumer Development and support at Budapest Bank Zrt.
Budapest Bank
Zoltán Ács
Head Of Innovation
MKB Fintechlab
Zsolt Szabó
Director | Head of Digital Product and Channels
MKB Bank

Juries

Zsolt Szabó
Director | Head of Digital Product and Channels
MKB Bank
Zoltán Ács
Head Of Innovation
MKB Fintechlab
Katalin Schuster
Head of Consumer Development and support at Budapest Bank Zrt.
Budapest Bank
Gergő Czímer
Chief Digital Officer
Takarékbank
Sándor Varga-Tarr
Investment Director
Hiventures

Mentors

Barbara Vero
CEO & Founder
Future Proof Consulting
Andrea Szabados
Coach, Trainer, HR development consultant
A-Coaching
Roland Szmola
Founder
Szmola.com
Judit Molnar
Senior Advisor
KPMG
Gabor Vadasz
Investment Director
Solus Capital
Dorothy Gal
Business Development
TomorrowPeople
Balázs Bajcsi
CRM & Market Research Manager
The Janssen Pharmaceutical Companies of Johnson & Johnson
Dalma Berkovics
Microsoft for Startups Program Manager
Microsoft
Béla Zsebő
Innovation Manager
GIRO
Tamás Tóth
Investment Manager
Hiventures
Laszló Sárközi
IT Governance Director
MKB Digital Zrt.
Ádám Villányi
Semior Investment Manager
Hiventures
Orsolya Farkas
Director - Digital Transformation and Business Development
Takarékbank
György Mészáros
Senior Digital Business Development Manager
MKB Bank
János Csák
Co-Founder and CFO
Péntech Solutions
Attila Dobos
Co-founder
Why Smartups
Győző Mayer
Chief advisor, payments and strategy
GIRO
Eszik Áron
Product Manager
Budapest Bank
Dávid Bödők
Head of E-channels
Budapest Bank
Erzsébet Vizaknai
Senior Innovation Manager
MKB Fintechlab
István Barta
Senior Innovation Manager
MKB Fintechlab
András Szász
Digital Product Owner
MKB Bank

Can’t have a competition without juries and mentors right? Well, we got some names for you and let us tell you, they are not just some average Joes!

Partners

Best friends and main supporters

IDEA VAULT 2021

Thank you for your participation!

I’ve got an idea!

Frequently Asked Questions

What is the format of the event?

Idea Vault is a 48 hour-long online hackathon.

Where is the event happening?

The event will be held online on Slack and on Zoom for 48 hours. The Zoom rooms will be closed during the evening. You can choose to stay up and work on your idea but you will have to find another way to keep in touch with your team.

Who can apply?

You can apply only as a team (2 to 5 people), an interdisciplinary background is a key; business, tech, design background is recommended.

Are you looking for Hungarian teams only?

No, international teams are welcome and we accept applications from all over the world.

Do I need a registered legal entity to apply?

No, it is not obligatory to have a registered legal entity to take part in the event.

Do we need to select a team leader? 

Yes, you will need to select someone from your team who will be responsible for administrative tasks.

What is the language of the event?

The language of the event is English, you do not have to talk in English with Hungarian mentors however we will be asking you to present your project in English to the jury.

Is participation in the event free of charge?

Yes, it is free.

How can I apply?

You need to submit your filled out application form and send us a one-pager with your idea. You can change your idea later just be prepared to be able to present it in time to the jury.

How do we select the participating teams?

We will consider the following factors when inviting teams to take part in the event:

  • Does the plan meet any of the two challenges?
  • Is the plan original and offers an innovative solution?
  • Does your team have the required skill sets?

Additionally we would favour ideas with scalable business models and we appreciate if the idea can bring something new to the bank.

Possibility for funding? How it works?

Fintech Factory and Hiventures are looking for great ideas and teams for a future collaboration. When it comes to funding we check if your team has the appropriate business and tech knowledge. Additionally we would favour ideas with scalable business models and we appreciate if the idea can bring something new to the bank. Please note this is not a promise, it is an opportunity.

Who should I contact if I have a question?

We are happy to help you with any questions, feel free to get in touch with our colleague Lilla, boros.lilla@fintechlab.hu.