Danube Cup is the winner of this year’s European Enterprise Promotion Award in Hungary

The European Enterprise Promotion Awards are an initiative of the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs to showcase and recognise the most successful initiatives of organisations and businesses working in the field of enterprise development. 

The prize can be won in six categories, one of which is for initiatives to develop entrepreneurial, managerial and employee skills. The common project of Corvinus University of Budapest and Budapest University of Technology and Economics won first place in this category. 

The Danube Cup is an annual international student pitch-competition involving 9 universities along the Danube (plus one observer university from Ukraine), where students present their market research-validated business concepts. In parallel with the competition, an international professional cooperation on entrepreneurship research is also running to research start-ups in the region and share best practices in entrepreneurship education and mentoring. Launched in 2016, the project has since seen 116 startups from home and abroad with nearly 350 university students. In 2023, at the Danube Cup conference in Belgrade, the results of more than 40 research projects were presented by around 100 academic researchers from 11 countries. 

The European Enterprise Promotion Award was given to the winner project by the Minister for National Economy, Márton Nagy, on 2 July. Prof. emer. János Vecsenyi (Corvinus) and Dr. Pál Danyi (BME) co-founders represented the Danube Cup project team at the ceremony.