Poland’s PZU will invest at least PLN 4 billion in the Innovate Poland program to stimulate the development of innovative domestic companies with high potential, according to the PZU website.
“At least PLN 4 billion will be invested through private equity and venture capital funds in about 250 companies. This is the first phase of the project, conceived as a platform to which additional institutions and investors will join in the next phases to jointly scale investments,” the information emphasizes.
In addition, it is reported that the Innovate Poland concept is based on the experience of the French “Plan Tibi”, which has significantly strengthened the French market for innovative investments in recent years. The budget of the first phase of Innovate Poland is PLN 4 billion, provided by development institutions: the Polish Development Fund (PFR), Bank Gospodarstwa Krajowego (BGK), the European Investment Fund (EIF) and Powszechny Zakład Ubezpieczeń (PZU) – the first commercial partner of the project.
The program is implemented under the patronage of the Minister of Finance and Economy. Its formula is designed to allow the addition of additional institutions and investors in subsequent phases, systematically increasing the scale of financing and strengthening the economic impact of the program.
PZU ((Powszechny Zakład Ubezpieczeń Spółka Akcyjna) is a Polish insurance company, one of the largest insurance companies in Central and Eastern Europe. It offers a wide range of insurance services, including life and property insurance.
