WSE launches start-up accelerator

The Warsaw Stock Exchange launched a start-up accelerator with Beesfund crowdfunding platform. The aim of the project is to create potential IPOs for the Warsaw bourse.  WSE hopes that the first floating on the small cap alternative market will happen next year. “We believe that the capital market can support innovative companies in the early stages of development and prepare them for future floatations on NewConnect or the main index,” acting WSE CEO Jarosław Grzywiński said. The goal of the accelerator is to enable networking, increase interest in start-up companies, and help in acquiring clients from listed companies, facilitate contacts between startups and investors on the capital market. “Our dream is to get thousands of issuers, from that number, maybe a hundred of them would end up on the NewConnect market, and ten on the main index,” said Arkadiusz Regiec, president of Beesfund.