Proof of Usefulness Report

Startup Hungary

Analysis completed on 2/18/2026

+279
Proof of Usefulness Score
Gaining Momentum

Startup Hungary is a verifiable, influential non-profit organization supporting the Hungarian tech ecosystem, founded by reputable entrepreneurs. However, the project submission itself ('StarFang') contains significant inaccuracies, including a false 'everyone' audience claim, a confusing 'marketcap' figure (likely misinterpreting a $16.3M government grant allocation), and a fake traction claim ('most people have used my product'). While the entity has high real-world utility and verified local impact (reports, events), the poor submission quality and limited regional reach (vs. global) cap the score significantly below global tech brands.

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Score Breakdown

Real World Utility+14.00
Audience Reach Impact+3.00
Technical Innovation+2.25
Evidence Of Traction+6.25
Market Timing Relevance+6.00
Functional Completeness+0.25
Subtotal+317.5
Usefulness Multiplierx0.88
Final Score+279

Project Details

Project URL
startuphungary.io
Description
Startup Hungary is an independent, entrepreneur-led organization launched to supercharge the startup community and to support the birth and development of more high growth potential tech companies in Hungary. It is founded by proven entrepreneurs and supported by key players of the startup ecosystem, who share a belief in Hungary's potential as a regional hub and want to join forces to fuel its growth.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline