Technological innovation loans will be available this year

Vice-minister of Development Adam Hamryszczak declared that loans for technological innovation will be made available before the end of this year. as well as a capital guarantee fund for micro, small and medium-sized enterprises. Speaking to the Sejm on Wednesday, the Vice-minister emphasized that increasing R&D is one of the government's key goals. "In this sense, it is essential that not only public R&D spending increases, but that private investment in this domain likewise grows." he noted. The innovation loans can be used to finance the implementation of new technologies in the form of  industrial property, results of industrial research or unpatented technical knowledge. The technology is meant to enable the production or provision of new or noticeably better goods or services compared to those currently produced in Poland. These loans are part of the EU "Intelligent Development" program for the time period 2014-2020, and has a budget of €8.6 million.