Innovate Poland mobilises new capital to invest in innovative companies. The institutions involved in the project have already secured PLN 4 billion for this purpose. These funds will be allocated to projects at various stages of development .
The Programme is inspired by the French Tibi Initiative, initiated by Professor Philippe Tibi, adviser to the French government, which triggered a wave of institutional investments in domestic VC and growth equity funds. The Polish version builds on this model, adapting it to local conditions and to the role of development institutions within our financial system.
Under Innovate Poland, a new investment ecosystem will emerge, bringing together public institutions and private investors with the shared goal of driving economic growth
Shortcuts
Learn more about Innovate Poland
How does the programme work?
The funds are repayable
Investments are structured to generate returns, after which the capital flows back to investors and can be reinvested in new ventures. In this way, the programme creates a lasting multiplier effect and long-term development leverage.
Capital from the Programme is allocated to investment funds that:
- operate on market terms,
- invest their own resources and those of other investors alongside funds from the Programme,
- independently select projects and bear full responsibility for investment performance.
This ensures that the investment process is effective, transparent and aligned with market logic.
Investors
The idea behind Innovate Poland is a partnership between the public and private sectors. This is where capital meets expertise, and joint action builds an ecosystem of innovation and a modern economy.
| The programme is under the patronage of the Ministry of Finance and mobilises PLN 4 billion for investment in polish enterprises. |
Innovate Poland sets a new standard on the market
It strengthens credibility and facilitates access to domestic and international capital.
It gives confidence that a fund operates in line with high investment and reporting standards
It brings greater consistency across the VC and PE ecosystem at every stage and creates clear pathways for exits.
Vehicles
Innovate PL – Fund of Funds (FoF)
The main operator of activities under the Innovate Poland initiative is the Polish Development Fund (PFR), which deploys public capital and mobilises the market to act jointly. The programme covers investments in Private Equity, Private Debt and Venture Capital.
The Innovate PL FoF programme is delivered by PFR Ventures, serving as the operator for the fund of funds (FoF). Through this structure, PFR invites institutional investors to partner in building Poland’s innovation financing ecosystem.
PFR SA manages assets worth approximately PLN 24 billion, a significant share of which is allocated to investments supporting innovation and enterprise development under the Innovate Poland programme.
Innovate PL FoF website
Future Tech Poland
Future Tech Poland is an initiative of Bank Gospodarstwa Krajowego (BGK) and the European Investment Fund (EIF), focused on supporting the development of domestic technologies and innovative enterprises. The programme was created in response to the identified funding gap in the Venture Capital market.
Investment delivery is handled by the EIF, which for many years has actively supported small and medium-sized enterprises across the European Union through investments in Venture Capital and Private Equity funds.
Bank Gospodarstwa Krajowego supports the country’s sustainable economic and social development as well as the SME sector under the pillar ‘A dynamic, innovative and competitive economy’.
Future Tech Poland website
Where do the funds come from?
Press conference recording (Polish version only)
FAQs
Innovate Poland is primarily aimed at investment funds operating on market terms and investing both their own capital and resources obtained through the programme. However, its effects are broadly accessible:
– enterprises can obtain financing from accredited funds, and
– individual and institutional investors gain the opportunity to participate in the capital market in an orderly manner, with access to high-quality investment projects.
Innovate Poland creates a complete, modern financing pathway for Polish companies – from early-stage development (start-up) through to listing on the stock exchange. The programme enables companies to raise capital from professional investment funds that operate according to market logic. As a result, businesses can grow using domestic capital, remaining longer within the Polish economic ecosystem. This, in turn, helps retain skills, knowledge, jobs and profits generated from company growth.
No – they are repayable. Investments are designed to generate returns; the capital flows back to investors and can be reinvested.