The institutions have allocated 4 billion PLN (around 1 billion US dollars) to launch the initiative, with at least an additional 4 billion PLN expected from private investors.
According to Finance and Economy Minister Andrzej Domański, the program is intended to address long-standing financing gaps that often force Polish entrepreneurs to seek investment abroad. Innovate Poland aims to make it easier for promising companies to secure the capital they need without leaving the country’s financial ecosystem.
Speaking at Friday’s launch event, Rozalia Urbanek, a board member at PFR Ventures, announced that the first phase of Innovate Poland will enable the financing of 250 innovative Polish firms, spanning all stages of development, from early-stage start-ups to companies preparing for stock market entry. The initial investment pool of 4 billion PLN will be dedicated specifically to this effort.
According to Minister Domański, the launch of Innovate Poland marks a significant step in the country’s long-term economic strategy. "By strengthening local capital markets and ensuring access to development financing, Poland aims to foster an environment where innovative firms can scale, thrive, and ultimately contribute to a more modern and competitive economy."
(aj)
SOURCE: IAR