Poland lacks capital to finance innovation
Poland faces an annual investment gap of around PLN 100 billion, mainly linked to the energy transition and the need for a more innovative economy. Experts warn that future economic growth will slow unless the country increases investment in green energy, digitalization, and innovation. Since Poland still relies heavily on imported technologies, policymakers are pushing for stronger domestic innovation capabilities and greater “local content” in major projects.
Komisja Nadzoru Finansowego (KNF) is encouraging insurers to take more “well-understood risk” by investing in higher-risk assets such as private equity and venture capital through the Innovate PL program. The initiative, led by Polski Fundusz Rozwoju, has mobilized EUR 600 million so far, far less than similar programs in France and Germany.
However, few insurers are willing to commit capital due to limited expertise and conservative investment strategies. Regulators and PFR argue that without broader participation from private and foreign investors, Poland will struggle to finance innovation and compete in Europe’s future economy.
(pb.pl)
