Incubator builds strength with Boston Foothold
Aquincum Incubator was established last year by Attila Várkonyi, Ernő Duda, Gyula Lepp, Gábor Bojár, and Kamilla Szandrocha. With his professional background and experience, Gábor Garai further strengthens the incubator’s operations. The mission of the incubator is to aid promising projects – in the fields of ICT, biotechnology, and medical technology – in the acquisition of funding, in gaining entrepreneurial experience, and in accessing external markets.
As a new owner, Gábor Garai provides office space at the headquarters of Foley and Lardner in Boston to portfolio companies aspiring to enter the US market, as well as legal services necessary for commencement. In addition, through his extensive business and capital market connections he provides assistance in launching and positioning Hungarian technology startups.
Through his organizational efforts, a “boot camp” will be launched this year, with the aim of helping the incubator’s portfolio companies in the areas of raising capital, growth, and entering the US market.
In connection with the announcement, Gábor Garai stated: “Boston is one of the startup centers of the world. Its where universities, startup businesses, the industry, and the services sector band together with capital market stakeholders with varying investment interests for the pursuance of success. Our colleagues understand how an innovative startup company can get on the right track – the track that if followed, with a good idea and hard work, will bring substantive results. Hungarians excel in innovation. What we can contribute to the realization of the incubated companies’ dreams is that we show them how they can become successful in the United States.”
Attila Várkonyi, a member of the Board of Directors of Acuincum Incubator, added: “With the arrival of Gábor Garai, the incubator’s ownership is benefited by significant international experience and a network of connections. Moreover, we can provide a springboard for our portfolio companies into the world’s most advanced startup-cultured market.
Concurrently, he is transferring his ownership share in Graphisoft Park to the other owners and to Gábor Garai. Nevertheless, Gábor Bojár, the majority owner and president of Graphisoft Park will continue supporting the incubator’s operations and will aid the ingoing companies.
“Our mission is for Graphisoft Park to become a technology startup center. I am convinced that we provide a unique innovation environment at the Park, and through the strategic cooperation with the Aquincum Institute of Technology, we offer trainings for the management of the portfolio companies. For this reason, I will remain a strategic advisor to the Aquincum Incubator Investment Committee and continue providing incubated companies a monthly framework for coaching,” said Bojár.