Israel signs pilot programme for Polish Silicon Valley

Minister of Entrepreneurship and Technology, Jadwiga Emilewicz, speaking at the Polish-Israeli Business Forum in Tel Aviv. Tomer Foltyn

Israel’s Startup Nation Central wants to find young Polish tech firms and develop them into global companies.

Israel and Poland have agreed to work together on creating a Silicon Valley of young, entrepreneurial companies. 

The agreement was reached between Israel’s Startup Nation Central and Poland’s National Development Bank (BGK) at the Polish-Israeli Business Forum in Tel Aviv on Tuesday and Wednesday. 

The plan is to strengthen technological and entrepreneurial cooperation between Israel and Poland, to grant Polish companies entry into the Israeli market and to make it easier for Israeli companies to enter the Polish market. 

The pilot programme is aimed at locating young, entrepreneurial Polish tech firms and developing them into global companies while creating collaborations with giant tech companies and corporations around the world was signed. 

Poland and Israel are already cooperating in many areas, mainly in the fields of technology and the military. The trade volume between the two countries recorded a 10 percent increase in 2017 compared to the previous year, and exceeded $ 1 billion. 

Estimates indicate that in 2018, trade between the two countries will increase by more than 10 percent.

Poland’s minister of entrepreneurship and technology, Jadwiga Emilewicz, said that entry into the Israeli market could be a bridge for Polish companies looking to enter the American market and other large global markets. 

She said: "The interest of Israeli companies shows that they feel good and are willing to enter the Polish market, recognizing that the legal environment is friendly to them. It is a good meeting that shows that Polish-Israeli relations are in a very good state.”

She added: "Last year, we established cooperation with Start-up Nation Central, which is the flagship of Israeli innovation. It is a non-governmental organization which represents the best Israeli start-ups in the world. 

“Start-up Nation Central has signed a contract with the National Development Bank for the implementation of a nine-month pilot programme, in which approximately 15 start-ups from the Polish and Israeli markets will take part.”