Bmp AG to look for IT sector venture capital projects

Currently, out of their 26 projects only two are Polish enterprises (Bankier.pl and K2 Internet), but in 2005 this is likely to be enlarged. "The last three years were not favorable for venture capital funds, and thus we did not begin any new projects. However, the economy is gaining speed and we intend to change our strategy," explained Jan Spyrka, manager responsible for international transactions. He added that the firm might engage in 3-6 new projects. Spyrka stressed that Bmp will look for projects worth between zł.1-4 million each in the IT and Internet sectors, but these will not be the only segments they will invest in. In relation to current investments, "We are interested in exiting the investments soon," confirmed Spyrka. (Parkiet, p. 5) M.M.