Startups developing their concepts in Poland may acquire many different forms of cash input. In Poland there are many private investors (VC funds, business angels) and entities that seek interesting startups and then invest their private money as well as public cash. Mostly such financing is made by grants, however it does not automatically mean that startup has to give some shares to the investor.
Many Polish acceleration programs are based on proper evaluation of startup’s development stages and criteria such as startup’s branch or the scope of actions taken in order to develop its project. Significantly greater number of financial resources are given to R&D activities (it can be even several millions of Polish złotys) or development of new technologies (in particular energy technologies or reducing environment pollution).
VC funds seek startups operating in Poland and in the European Union created by Polish people or foreigners. Poland is the most important country in Central and Eastern Europe if we compare occurring investments. The country gradually fits its legal and economic frames to implement innovations in many areas.
The entities that are in early stages of its development shall take a closer look on such programs as Starting Platforms, Poland Prize, Acceleration Programs, Bridge Alfa, Fast Track and guarantee funds or mechanism for low-interest loans.
Additionally, costs of business can be reduced by lower taxation on innovative actions (IP Box mechanism) or low (inspired by Estonian experience) CIT tax.
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