Polish gov't wants to co-finance up to 400 start-up companies

Jadwiga Emilewicz at Impact'18 PAP/Jacek Bednarczyk

Poland's Entrepreneurship and Technology Minister Jadwiga Emilewicz said on Wednesday that the government wants to provide funding for up to 400 start-up companies, totalling PLN 120 million (EUR 28 million), to help energise the economy.

After a successful pilot project, we are boldly going further in supporting Polish innovative firms," the minister said at the Impact'18 Congress in Kraków (southern Poland).

"This time, our activities will be even stronger," she added, "We want to co-finance and support as many as 400 start-ups."

Emilewicz explained that under the programme, called ScaleUp, 400 start-up firms will team up with medium-sized and large companies to develop their products. The minister added that it is the role of the state to help everybody start out in business, develop and expand abroad, with the aim of becoming a global leader in its sector.

Planned to run until 2021, the programme is worth PLN 120 billion (EUR 28 million), with individual companies entitled to receive up to PLN 250,000 (EUR 58,380), the Polish Agency for Enterprise Development (PARP) announced.h