Gov't agency to spend PLN 3 billion on innovation by 2020

The Industrial Development Agency (ARP) has earmarked over PLN 3 billion for innovation, restructuring and investment as part of its new strategy until 2020, the Treasury Ministry said in a statement. The agency will invest some PLN 1.3 billion in fostering innovation alone. It will launch a technology transfer service, called Innovation Broker, whose main task will be “matching innovation providers with companies that want to buy and commercialize the technologies,” the ministry said. A new vehicle has also been created to support SMEs, dubbed ARP Venture. It will invest in innovative projects that are already being commercialized and developed for mass production. “ARP Venture will invest over PLN 300 million in innovation,” the ministry’s statement reads.