Poland launches three VC funds to invest PLN 410 mln in domestic tech companies
Three new private venture capital funds investing in Polish technology companies have been established, Poland's minister of development funds and regional policy (MFiPR) Katarzyna Pelczynska-Nalecz announced on X. She added that the VC funds have PLN 410 million (EUR 96.15 mln) at their disposal to purchase shares in innovative companies.
"We have just created three new private venture capital (VC) funds investing in Polish technology companies. This is PLN 410 million for the purchase of shares in innovative companies, of which PLN 240 million will come from EU funds for Poland, and PLN 170 million will be contributed by private investors," Pelczynska-Nalecz wrote.
The minister added that productivity increases when Polish companies create and use modern technologies.
She recalled that the Security and Defence Fund (FBiO) had been established to support Polish technologies, with 20 percent of funds to be allocated to loans and capital investments in innovative companies in the defence sector.
"We have increased investments from Vinci, [Poland's state development bank - MI ed.] BGK company, which in recent weeks has recapitalised young Polish technology companies to the tune of PLN 100 million," Pelczynska-Nalecz reported, adding that in the near future, Vinci will invest in several dozen more Polish companies.
She also mentioned a new investment added to Poland's national recovery plan KPO – a credit guarantee system for private Polish companies.
"We have created the Polish Critical Technology Support Fund from EU funds worth PLN 4 billion. The support is targeted at narrowly defined industries: deep tech, clean technologies, biotechnologies (including medicines and active substances)," the minister recalled.
jz/ ao/
