Besides providing pre-seed funding in the range of 20-200k EUR, we support our portfolio companies in
building fit-for-purpose MVPs and prototypes,
jumpstarting customer and business development,
designing and sharpening business models, and
preparing for raising follow-up funding.
WHY US? PROFESSIONAL SUPPORT
It's not just about providing funds. SmartWare.tech helps hardware/IoT entrepreneurs, startups, and innovators in diverse ways.
Advisory customized for IoT & hardware projects
based on the experience and relying on the technical equipment of the SW.t venture partners
Product development support
from the first steps of prototyping to the scaling up phase
Business development support
strategic, business development, and fundraising advice
technological, sampling, and prototyping expertise and equipment
WHAT ARE WE LOOKING FOR?
SmartWare.tech is looking to help exceptionally brilliant, motivated, and growth-oriented hardware and IoT companies to get through the most critical early stages of their trajectories. Though this is never a necessary condition, we are always happy to come across professionals, entrepreneurs, innovators, and concept owners working with production techniques and methods available at the sites of one of our venture partners. Therefore we are particularly interested in
mechatronics and automation projects,
hardware products with significant software components,
projects relying on the use of metal, wood, plastic, leather, textile, laminated materials, or other innovative materials,
products that require laser cutting, milling, die cutting, creasing, punching, bending, chipping, moulding and injection moulding, extrusion, 3D printing, or some combination of these.
Konetik offers electronic vehicle (EV) fleet integration and management services for companies and energy utilities.
Through its dedicated, hardware-supported, cloud-based offering, the company helps its customers minimize the uncertainties and maximize the economic benefits of the transition to electric vehicles through providing
automated EV feasibility assessments,
advice for finding the most suitable charging setups and the right electric vehicles to the specific usage patterns, and
an integrated e-fleet management platform.
Develops a wearable device to measure the wearer’s exposure to UV radiation, and a connected mobile application for skin-type categorization and personalized, skin-type based sun care recommendations.
UVisio's device monitors actual sun intensity, as well as the user’s at-the-moment and accumulated daily sun exposure, calculates the optimal sun exposure time based on CIE/ISO standards and skin type, and alarms as the personally recommended maximum sun dose is about to be exceeded. The solution’s uniqueness is rooted in accuracy in
individual accumulated sun exposure measurements (based on UV sensor measurements, web UV data, and GPS position), and
skin and melanin content analysis with the user’s smartphone camera (relying on an objective and cost-effective method that also allows tracking of skin changes over time, which is possible only at a considerably higher cost with current methods).
Phoenix is developing a medical device for stroke patients with paralyzed hand and forearm.
The company’s smart anti-spastic hand orthosis utilizes special materials for the treatment of forearm spasticity, offering a novel bio-mechanical alternative to currently available solutions.
VR Park Hungary
VR Park Hungary develops custom-built virtual reality systems that afford multi-sensory, location-based experiences to users, simultaneously appealing to the full range of the users’ visual, tactile, and other sensory perceptions.
Expanding its dinosaur-themed VR game currently on display in malls in Budapest into a comprehensive VR Theme Park, a fully immersive exhibition where visitors experience complex virtual worlds created with cutting-edge digital technology, the company’s longer-term goal is to build a leasable turnkey platform that can be rented out to exhibition organizers internationally.
Chameleon’s proprietary smart home automation system bridges the gap between smart home devices and complete smart home systems.
The product provides a reliable and modular manufacturer-independent layer between the full gamut of sensors, actuators, and devices that one might want to install in their homes, on the one hand, and the market-leading smart home systems, on the other hand, affording a cost-effective freedom of choice for its users to keep their smart homes co-evolve with the start of the art.
Armbeep is a motion and performance analysis system optimized specifically for tennis players, facilitating data-supported game monitoring and coaching.
Armbeep consists of
a wrist monitoring device recording users’ full wrist motion at 833 data points per second, as well as HR/HRV signals,
motion processing and recognition software for the analysis of the data collected by the device, and
a corresponding mobile app for the display and visualization of the data and the analytics.
Semiotiq builds digital knowledge and collection management systems, workflow organizing systems, and complementary content services for cultural heritage institutions, such as libraries, museums, archives, publishers, and scientific organizations.
Built on microservices architectures, Docker-based containerization, and an advanced RFID-based tracking system, Semiotiq’s Qooltus product provides cutting-edge, modular, and easily scalable IoT-based solutions, which can be integrated with the existing legacy systems currently in use by public collections and cultural heritage institutions.
Founded by a team of experienced commercial real estate (CRE) professionals and senior engineers coming from Google, SRI International, castAR, and Magic Leap, REscan digitizes large (1M+ Sq. ft.) commercial properties, creating an end-to-end remote viewing and analysis solution for the CRE industry.
REscan’s mobile platform – backed by advanced 3D scanning technologies developed with the company’s early investor SRI International – makes physical spaces remotely viewable, analyzable, editable, and AR/VR ready. Rescan is in the business of transforming spaces into data.
SW.t's team members have had multiple years of experience in venture capital investment, international startup building, early-stage startup support, and hardware & software development, prototyping, and design.
Former VC investor at Finext, prepared startup investments and mentored portfolio companies. Founder of Sportomato, an American-Hungarian startup, raised a seed round. CEO and Partner at Eurostanc and LCM.
CEO of UM Ltd. and former CEO of Eurostanc, two prototyping and machine manufacturing company. He has 20+ years of experience in prototyping, manufacturing operations and management.
mechatronics engineer, entrepreneur
Designs and produces mechanical, electronic and software products. Actively promotes engineering and entrepreneurship. CEO of MechatroMotive.
Harnessed with the experience gained as project manager at MAPI Ltd and Alapszín Ltd, Gabor joined the team in April 2018. He is dedicated to helping SmartWare.tech's portfolio companies in their administrative and compliance needs related to SW.t's investment.
THE COMPANIES BEHIND SmartWare.tech Venture Partners
SmartWare.tech was founded by five for-profit companies, which continue to support the Investment Formation with a wide range of resources and assets at their disposal. The five companies jointly employ 90 professionals, and own 5 sites with prototyping capabilities. The stability and long-term sustainability of SmartWare.tech is secured by these five businesses and the extensive and cross-industrial professional networks behind them.
A tech venture builder. They comprise of an engineering team specilizing in the software backend of IoT hardware. Business, product design, data analytics and marketing experts pair with their engineering services.
A business development and media production services company with several years of experience supporting startup programs (including accelerators and innovation labs), as well as corporate incubation/intrapreneurship programs.
OUR COMPLETE OFFER
Support for the development of software and hardware prototypes
Giving portfolio companies access to the expertise and equipment at the venture partners' own companies.
Providing access to the tools, devices, and machines, as well as office space for the production of physical prototypes/products.
Assistance in identifying and procuring the raw materials necessary for the production of physical prototypes/products.
Help in the modeling and cost estimation of MVP (Minimum Viable Product) and small-batch manufacturing.
Full-stack software development support for each step of the software prototyping and product development process. Note: Please be aware that our support is limited to providing our portfolio companies with expert advice and second opinions both in the preparations phase and in the execution phase of their product development process, as well as recommending to them the best partners to subcontract for the actual development tasks. To avoid conflict of interest situations, the venture partners' own companies cannot themselves become subcontracted development partners to SmartWare.tech’s portfolio companies.
Market Entry & Company Building
Advising go-to-market strategy, sharing contacts from venture partners' local and international networks
Advising company building: formation, legal and IP issues, business administration, company management
Support for raising follow-on financing: consulting on fundraising strategy; warm introductions to angel investors, venture capitalists, corporate VCs, international accelerators; help in crowdfunding campaigns; helping in preparations for M&A.
Support to hardware products during the pre-production phase
Harmonizing post-MVP product concepts with manufacturing constraints, and locating optimal small-batch and mass production capacities.
Note: Again, our support is limited to providing our portfolio companies with expert advice and recommending to them the best possible execution partners – the venture partners' own companies cannot themselves become subcontracted partners to our portfolio companies.
Training in lean and agile methodologies; putting lean and agile methodologies in practice in product development, customer development, and market validation.
Business Model Development
Support in devising optimal product conceptions and revenue models, in the exploration of market niches, in competitor analyses, in the mapping of market trends, and in fine-tuning business models.