If your company is considering expansion to Central or Eastern Europe, we bet you could use some tips and pointers. In our series on scaling up in Europe, Silicon Canals talked to Barnabas Malnay, business developer at the EIT Digital Accelerator in Hungary. He has a lot of knowledge and experience on scaling up in this specific region. These are the key takeaways for you to benefit from.
#1 Combine local tech talent with management skills from elsewhere
There is plenty of technical talent in Central-Eastern Europe, and Hungary within it. More and more people are getting trained to have careers in tech. Besides universities offering engineering degrees, professional schools are increasingly important, as they not only train ‘regular’ students, but also retrain people that come from different careers into programmers and developers, or specialists in UX, UI, big data analytics, AI/ML, etc. But what we also see is that people with outstanding international business development and management experience, especially that required at the scaleup level, are in much shorter supply. Success typically comes from a combination of the local tech talent with business development and management talent brought from outside of the region.