Insurers want tax incentives to invest in Innovate Poland
Poland’s Innovate Poland program aims to mobilize private and institutional capital for tech start-ups, but insurers say meaningful participation will require tax incentives to boost long-term retirement saving. Modeled on France’s Tibi plan, the initiative will receive up to PLN 4 billion in its first phase from public institutions and PZU – the only insurer to join so far. Unlike in France, Poland’s insurance sector is small, tightly regulated and heavily invested in low-risk assets, leaving limited capacity for VC/PE allocations.
Industry leaders stress that multi-year investment horizons demand stronger household saving habits. Tax incentives, they argue, would enable insurers – especially smaller ones – to commit more capital to higher-risk innovation funds.
(pb.pl)
