Startup Factory 2023 (SF2023)
In context
This call is open to startups, at pre-seed and seed stage. Funding is an equity investment of Up to $220,000. Coverage is read from the notice itself: Hungary and the European Union.
Early-stage capital programme providing pre-seed and seed funding for founders building climate and resource-tech solutions across Hungary and Central/Eastern Europe. The fund is sector-agnostic but prioritizes ClimateTech, WaterTech, FoodTech, and Industrial IoT startups.
About this grant
Nesprit is an early-stage venture capital fund investing in pre-seed and seed stage startups across Central and Eastern Europe (CEE). The fund typically deploys ticket sizes ranging from EUR 50k to EUR 200k, with a sweet spot between EUR 100k–200k. Nesprit invests in exceptional founding teams building meaningful solutions, particularly in ClimateTech, WaterTech, FoodTech, and Industrial IoT sectors. The fund believes exceptional teams are the foundation of startup success and seeks ambitious, driven, and curious founders solving scalable problems. Beyond capital, Nesprit builds a community of bold innovators focused on sustainable growth in emerging CEE markets. The fund has backed startups tackling challenges such as water monitoring in agriculture, AI-driven food waste reduction, and smart sensor digitization of industrial operations.
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Eligibility
Startups at pre-seed or seed stage located in Hungary and the broader CEE region are eligible to apply. The fund is sector-agnostic but particularly interested in ClimateTech, WaterTech, FoodTech, and Industrial IoT companies. Applicants must have a strong founding team and be developing scalable technology solutions addressing meaningful problems.
How it's scored
Investment decisions are based primarily on the strength and quality of the founding team. The fund emphasizes identifying exceptional entrepreneurs with strong survival instinct and ambition. Specific scoring criteria and weighting methodology are not detailed on the page.
Key requirements
- ✓Pre-seed or seed stage founders
- ✓Based in or operating in Hungary and CEE region
- ✓Focus on ClimateTech, WaterTech, FoodTech, or Industrial IoT (IIoT) preferred but not exclusive
Recent past awardees
Knowing who's won the last rounds tells you whether you're in the strike zone.
- INKI.tech · 2026
- AIRA Health · 2025
- Redivivum · 2025
- Volteum · 2025
- Compocity · 2025
- Hepta · 2025
- Proofminder · 2024
- Respray · 2024
Frequently asked questions
- How much funding does Nesprit offer?
- Startup Factory 2023 (SF2023) offers up to $220K.
- Who can apply for Startup Factory 2023 (SF2023)?
- Eligibility covers organisations in HU, EU; startup. See the eligibility criteria above for the full conditions.
Relevant sectors
About this sector
Climate software and data funding supports emissions accounting, climate risk analytics, Earth observation, digital MRV and tools for planners. It is offered as innovation grants, public contracts for data services and support from technology programmes. Buyers generally look for data quality, interoperability and evidence that users rely on the tool.
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