Warsaw becomes leader on European start-up scene

In recent years, the technology industry, in particular, has developed strongly in Warsaw. New places and programs for start-ups are created every year, thanks to which more and more young and innovative companies from abroad locate their businesses here. This potential was highlighted by the Startup Guide publishing house, which prepares guides about local start-up ecosystems in various cities and countries. So far, 40 such publications on cities in Europe, North America, Asia, and the Middle East have been published, and Warsaw will soon join them. Proposals of outstanding start-ups, funds, investors, coworking spaces, or acceleration programs, which should be published in "Startup Guide Warsaw", can be submitted by June 30.

Warsaw - and Poland in general - is already an important hub on the European start-up scene. According to the latest edition of the StartUp Poland report ("Polish start-ups 2020. Covid Edition"), the Polish market is characterized by a very young age of start-ups (over 60 percent of them operate for less than two years), and each year there is more and more interesting companies in it. As many as 1,800 founders from Central and Eastern Europe joined the Google for Startups operating in Poland in six years, of which over 1,200 from Poland. The rapid development of the market is also followed by large investments, including foreign venture capital funds. The level of investments has increased almost fivefold since 2015.

"I believe that the boom in the international community's interest in start-ups in Poland is still ahead of us. We are still quite an exotic market, among others because we communicate mainly in Polish and not everyone has had the opportunity to discover the potential here yet," Aureliusz Górski from Venture Café Warsaw Foundation, said.

(Newseria)