The year has just begun, yet a new element of the groundbreaking Innovate Poland program has already been announced. Bank Gospodarstwa Krajowego (BGK) and the European Investment Fund (EIF) have signed an agreement launching the Future Tech Poland (FTP) fund with a total value of PLN 1.5 billion. The fund will invest in Polish technology companies with high growth potential.

Alongside Innovate PL, managed by PFR Ventures, FTP represents one of the pillars of the Innovate Poland program, whose budget in the first phase will total PLN 4 billion.

“In November 2025, during the launch of Innovate Poland, we presented our vision for stimulating economic growth through innovation investments via a fund-of-funds model. Achieving great goals requires not only vision but also cooperation and partnership. I would like to sincerely thank our PFR partners, the anchor investors of this program: BGK and PZU. I am also pleased to welcome another partner today – the European Investment Fund (EIF),” said Piotr Matczuk, President of PFR.

BGK is contributing PLN 1 billion to FTP, while EIF provides PLN 500 million and will manage the fund’s assets. FTP will operate as a fund-of-funds, investing primarily in venture capital funds and, to a lesser extent, in venture debt instruments, covering companies at various stages of development – from seed to growth capital. Companies at more advanced stages will be supported through the Innovate PL fund, managed by PFR Ventures. Together, these funds form the core of the Innovate Poland program.

“Investing in modern technologies is central to our economic and financial development strategy. Future Tech Poland is our concrete response to the growing needs of Polish venture capital funds and young technology companies – we want capital to flow where the future is being created,” said Mirosław Czekaj, President of BGK.

The initiative is endorsed and spearheaded by Andrzej Domański, Minister of Finance and Economy, who highlighted its importance for the Polish economy:

“The launch of the Future Tech Poland fund is a significant moment for the Polish economy and an important step in implementing the Innovate Poland initiative, announced last November. Today, we are moving from announcements to concrete actions and accelerating the program’s implementation. This is a tangible tool supporting breakthrough technologies, innovative companies, and ambitious teams aiming to grow their projects and compete internationally. With Future Tech Poland, we are strengthening the innovation ecosystem and building the foundations for long-term growth and economic security,” said Andrzej Domański.

The fund’s first investment decisions are expected to be approved in Q1 2026, with full implementation of the program planned by the end of 2027.

pfr.pl