Poland becomes leader of new solutions for innovation ecosystem

The latest edition of the cyclical Startup Poland report shows that Poland is a rapidly growing, although still young, startup scene. More than 1/3 of innovative companies have been operating in the market for less than two years and on average every fifth company was founded just a year ago. However, this is slowly changing – the percentage of start-ups operating for 5-10 years in the last year has increased by 4 percentage points and is now at 18 percent. There are also more and more innovative companies emerging every year, and the rapid growth of the market is followed by large investments, including from foreign venture capital funds. Only in the first three quarters of last year Polish startups raised (excluding megarounds) PLN 1.46 billion, while in the entire year 2020 it was PLN 1.23 billion. According to PFR Ventures experts, these numbers show that the Polish ecosystem is maturing.

"We want innovators from Warsaw and all over Poland to think about how to use the potential of the global innovation ecosystem to scale their ideas," Aureliusz Górski, executive director of the Venture Café Warsaw Foundation, which is now celebrating its third anniversary, said.

During this time it has already managed to become a central point in Warsaw's innovation ecosystem, supporting the exchange of experiences, ideas and networking. The goal for this year and the upcoming one is, among others, expanding international cooperation and building a platform between Warsaw and other cities with vibrant startup communities.

(Newseria)