Business Link to invest PLN 100 million, mulls IPO

Start-up accelerator Business Link Poland,plans to invest further PLN 100 million in developing start-ups and is talking with potential investor. The company doesn't rule out IPO as well, its co-founder Jacek Aleksandrowicz told ISBnews. The company currently has 13,650 sqm of office space and plans to launch 2-5 new locations across Poland. It also wants to expand to other CEE countries within the next 2-3 years, according to Aleksandrowicz. “To fulfill our plans, which we estimate will cost some PLN 100 million, we need outside financing. We're talking with several potential partners from the real estate sector,” Aleksandrowicz explained. Business Link operates currently as foundation, but plans to change its legal status soon. “The stock exchange could be a natural partner for us, especially that some of the start-ups we're incubating will end up on the Warsaw bourse,” he said. Business Link operates as an investment fund for start-ups and rents out working space for its clients.