EIF and BGK sign €85 million for three VC funds under first Future Tech Poland investments to bolster competitiveness and security
Poland, April 1 -- The European Investment Fund (EIF) and Poland's national promotion bank Bank Gospodarstwa Krajowego (BGK) made the first investments under Future Tech Poland (FTP), signing a total of €85 million for three Polish funds specialised in financing cutting-edge technologies: Expeditions II, Cogito II and Balnord. These allocations will inject new capital into the local innovation ecosystem, making more money available to growing startups and ambitious scaleups from defence to cyber-security to space solutions.The investment agreements come shortly after the EIF and BGK established the FTP, a €350 million vehicle aimed at propping up tech innovators in Poland and Central-Eastern Europe, contributing to their overall...
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