Industrial Development Agency sums sup 2015

Last year, state-run Industrial Development Agency (ARP) has earmarked PLN 180 million in total for supporting innovation of Polish companies, the agency reported. Big companies have been provided with PLN 120 million worth grants, over PLN 60 million went to promissing projects founded by small enterprises. ARP hopes that the total amount of the funds it has at its disposal will grow in time. The agency added that the main barrier for innovation in Poland is lack of money in, so called second round of financing, when a product is entering a market. A weak communication between the industry and the academic environment is also stopping development of innovation, ARP pointed out.