Industrial Development Agency sums up 2015

Last year, the state-run Industrial Development Agency (ARP) earmarked over PLN 180 million in total to support innovation in Polish companies, the agency reported. Big companies have been provided with PLN 120 million in grants, over PLN 60 million went to promising 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 the lack of money in, the 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 hindering development of innovation, ARP pointed out.