Shareholders of Start Equity Guarantee Zrt. are the Hungarian Foundation for Enterprise Development and Corvinus Zrt.
The Hungarian Foundation for Enterprise Development (MVA) was established in 1990 with the aim of providing support for setting up and developing Hungarian SME’s. MVA is an independent, autonomous organization with a HUF 4.2 billion capital granted by the Hungarian government, commercial banks and trade organizations. Assets managed by MVA reached HUF 20 billion in 2006. Start Guarantee Fund is part of this portfolio and it accounted for HUF 5.9 billion in May 2006.
MVA provides a wide range of professional and financial support programs and as such acts as a catalyst in strengthening domestic SMEs.
To achieve these goals the European Union provided significant grants through MVA to establish regional foundations for enterprise development, Local Enterprise Centres and to set up and train their executive bodies.
Currently Local Enterprise Centres organised in counties around Hungary consist of over 140 offices creating a nationwide enterprise development network.
From 1990 until present the Phare program of the European Union provided over EUR 80 million to secure the funds needed for co-financing the development program of SMEs.
MFB Invest is a 100% subsidiary of the Hungarian Development Bank (MFB), which conducts equity investment activities for development purposes inside the MFB group of companies. MFB Invest aids domestic enterprises by increasing their capital for development for a period of 3 to 5 years. The company’s issued capital amounts to HUF 16.4 billion.
