Széchenyi Venture Capital Fund was launched in 2011, with the aim to help Hungarian small and medium sized entreprises access equity financing, which they had been lacking. Széchenyi Venture Capital Fund (abbreviated as SZTA) is managed by the 100% state-owned Széchenyi Venture Capital Fund Management Ltd.
Over the years, Széchenyi Venture Capital Fund concluded more than 90 capital investments in Hungarian small and medium sized enterprises and by now has exited from close to 30 companies. As such, it is one of the most active players on the Hungarian venture capital market. It is the first capital fund in Hungary that has been licenced by the European Commission on an individual basis to implement its large scale small enterprise capital investment programme (SA.32825 Regional Capital Investment Fund Programme).
In 2017, the investment period of the fund was extended to 2025, and it was endowed with an additional HUF 8 billion, therefore, instead of HUF 14 billion, it now manages HUF 22 billion.
During the years of its operation, the staff of Széchenyi Venture Capital Fund gained in-depth knowledge of the market relations, trends and demands in the health, energy and fashion industries among others, which is put to use during the business and financial consulting services offered to portfolio companies. The fund can assist their successful operation, thereby actively contributing to promoting the international competitiveness of the given sectors. The fund usually gains a 10-49% ownership and acts as a silent partner.
Regardless of the industrial sector, Hungary is the home of countless innovative enterprises, whose products and services have managed to achieve outstanding results even measured against international standards. Venture capital investment and innovation go hand in hand, and are the most effective way to reach sufficient growth potential and stabilise expansion. Many companies had already focused on innovation before the investment, but for many of them it was precisely the investment of SZTA that enabled the realisation of their development plans.