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86 million pln to 9 Accelerators for Poland Prize.

PARP (the Polish Agency for Enterprise Development) has announceed the results of the “Accelerative Programs – Poland Prize” competition.

33 accelerators took part in the competition, presenting their original concepts of searching for and bringing foreign teams to Poland ready to implement innovative solutions in our country. The value of submitted applications exceeded PLN 326 million, compared to PLN 60 million initially available in the competition. The high level of projects resulted in the selection of as many as 9 operators and the competition budget was increased to over PLN 86.2 million. The competition is financed by the European funds of the Intelligent Development Operational Program.

The task of the program operators will be to find the most interesting foreign young companies with appropriate growth potential and bring them to Poland. The accelerator will take care of the proper start of a young company in Poland, and then enable the establishment of business relationships, resulting in the implementation of a startup product or obtaining investment capital.

Poland Prize acceleration programs will start with the scouting stage, i.e. activities aimed at acquiring startups from outside Poland with appropriate growth potential. Selected accelerators with their offer will reach dozens of the most promising foreign markets around the world and would like to attract startups with the most interesting solutions to the program.

After registering the company in Poland, selected teams can count on a grant of up to PLN 50,000 PLN. These funds should provide a young company with the conditions necessary to start a business in our country: they will finance the first 3 months of operation on the Polish market, provide support for the startup supervisor, team development, establishing relationships, and promotion.

The launch of acceleration programs by selected accelerators is planned for May 2021.

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