The national development bank BGK, the state-run investment vehicle PFR and the state-controlled listed insurer PZU have jointly announced Innovate Poland, a new, French-inspired program designed to strengthen financing for innovative Polish businesses.
The institutions have allocated PLN 4 billion (around USD 1 billion) to launch the initiative, with at least an additional PLN 4 billion 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 the initiative's launch on Friday, 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 PLN 4 billion will be channeled specifically to this effort.
According to 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," he said.
(aj/gs)
Source: IAR