Warsaw joins prestigious group of startup leaders

The capital city of Poland is strengthening its position as an important and thriving hub for startups. The potential of the local market is influenced by, among others, educated technical staff, growing interest from international funds and developed ecosystem of innovation support. Warsaw has just joined the prestigious group of cities that have their own edition of "Startup Guide". It's supposed to make it easier for budding entrepreneurs, also from abroad, to get started on the local market. 

"Warsaw is a great place for startups. It is a fast, dynamically developing ecosystem. It offers a lot of opportunities and support not only from the government and corporations, but also institutions such as Venture Café Foundation which provide, among other things, mentoring, workshops and the opportunity to gain knowledge from more experienced people in order to develop further. Next to funding issues, this is very important," Anna Weissensteiner, CEO of Startup Guide, said.

Poland ranks first in Central and Eastern Europe in terms of the number of funding rounds and second in terms of the value of VC investments. The rapid development of the market is also confirmed by the volume of investments in Polish startups, which in 2021 turned out to be a record and reached PLN 3.6 billion. This means that domestic companies raised more capital last year than the entire 2019 and 2020 combined. 

(Newseria)