VC Active enrollment

PFR Starter

Fund Profile

incubation, start

Investment Process

cyclical calls

Capital Entry

up to PLN 5m

Investment Period

4 years

Resources at disposal

PLN 807m

Private contribution

Yes, min. 20%

Time left to close:

0 days, 7 hours, 49 minutes

We encourage bids to be submitted well in advance. This allows for an appropriate response if technical problems are encountered.

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In order for your application to be properly subimtted, upload the required attachments:

Appendix 1, 6a or 6b, Exhibits A and B to Appendix 2 – in the form of a scanned document signed by hand or in the form of a document signed with an electronic signature that includes a time stamp and information allowing to identify the signatory.
Appendix 1, 2, 3, 4, and 5 – in an editable form (word, excel)
Other documents (e.g., pitchdeck in pdf format)

Supported formats: PDF, MS Word and Excel.
Total attached files should not exceed 100 MB.

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For more information, please see the Privacy Policy.

Dedicated to management teams who desire to support innovative companies in early stage of growth.

PFR Starter as one of nine programmes operating under the fund-of-funds formula within PFR Ventures. It is aimed at funds investing primarily in companies at the earliest stage of development (before the first commercial sale). The programme assumes investments in venture capital funds with an investment ticket of up to PLN 5 million.

PFR Starter's share in the capitalisation of the fund is a maximum of 80% (PLN 20-65 million) - the remaining part is contributed by members of the investment team and independent private investors with the right to 2.5 times the profit asymmetry in relation to their share in the capitalisation of the fund.

Investment period

The investment period provided for under the programme is 4 years. The disinvestment period is a further 4 years. Throughout the life of the fund, the managers receive a management fee and, upon settlement of the fund, a carried interest.

Purpose of the program

The aim of the programme is to develop an ecosystem of innovations and start-ups by creating professional teams managing VC funds - the funds with which we cooperate in Starter are selected in the course of calls, in which we pay special attention to the complementary experience (investment / entrepreneurial / industry) of people forming the team and the orientation of a given team towards innovative start-ups, together with readiness to actively support them and engage in fund management.

Presentations

First meeting

Presentation from the first information meeting

Second meeting

Presentation from the second information meeting

Documentation

Notice of Call No. 11 for VC Funds – PFR STARTER (358kb, pdf)

Rules for the Submission and Selection of Tenders - PFR Starter (618kb, pdf)

Appendix 1: Tender Identification Form - PFR Starter (66kb, xlsx)

Appendix 2: Key Persons/Operating Team Members Verification Form (249.5kb, xlsx)

Appendix 2a Verification Form for Key Persons - PFR Starter (84.8kb, docx)

Appendix 2b: Verification Form for Operating Team member (80.3kb, docx)

Appendix 3 Investment Policy - PFR Starter (102.3kb, docx)

Appendix 4: Financial Schedule (67.7kb, xlsx)

Appendix 5: List of potential investment projects (105.2kb, xlsx)

Appendix 6a: Private Investor’s Statement (Natural Person) (81.1kb, docx)

Appendix 6b: Private Investor's Statement (Legal Person) (89.2kb, docx)

Appendix 7: Term sheet (498kb, pdf)

Appendix 8: Information clause (344.8kb, pdf)

FAQ

The FAQ section is so far only available in the Polish language version.

First edition of PFR Starter

See a summary of the first edition of programmes based on SGOP (Smart Growth Operational Programme) funds here. You will also find archived programme documentation, investment data and portfolio funds.

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