BGK and EIF launch Future Tech Poland fund – a key pillar of the Innovate Poland programme

Bank Gospodarstwa Krajowego (BGK) and the European Investment Fund (EIF) today officially signed an agreement initiating the Future Tech Poland (FTP) fund worth PLN 1.5 billion. This initiative is one of the elements of the newly announced Innovate Poland programme, which aims to dynamically stimulate capital investment in Polish technology companies with high growth potential.

The patron and initiator of the project is the Minister of Finance and Economy, Andrzej Domański, who emphasizes the importance of this programme for the Polish economy:

'Innovate Poland, a programme announced jointly with BGK, PFR, PZU, and EIF in November last year, is now gaining its first dimension with the launch of the Future Tech Poland fund. Today, we are moving from announcements to concrete actions and accelerating the implementation of this programme. It is a concrete tool to support breakthrough technologies, innovative companies, and ambitious teams that want to develop their projects and compete on international markets. By implementing the objectives of Innovate Poland and the new fund, we are strengthening the innovation ecosystem and building the foundations for long-term growth and economic security for the country.'

Andrzej Domański, Minister of Finance and Economy

BGK is contributing PLN 1 billion in capital to the fund, while EIF is allocating PLN 500 million and will manage its assets. FTP will focus on mobilizing venture capital investments by investing in funds that, in turn, invest capital in growing technology companies. The goal is not only to increase the scale of investments in start-ups, but also to strengthen the ecosystem of local VC funds and Poland's role as an important center of innovation.

'Investing in modern technologies is a central element of 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.'

Mirosław Czekaj, President of the Management Board of BGK

According to the plan, the first FTP investment decisions are to be approved in the first quarter of this year, and the entire programme is to be fully implemented by the end of 2027. The fund will invest in venture capital and venture debt (on a smaller scale) portfolio funds covering the seed, start-up, later stage venture, and growth capital phases (as defined by Invest Europe), operating in Central and Eastern Europe.

'Future Tech Poland will provide public capital and mobilize private investors to support the development of modern high-tech companies. Created in cooperation with BGK, the FTP fund is the largest pool of funds managed by EIF in Poland to date. Our experience in supporting the development of VC ecosystems across the European Union will help make innovation the next driving force of the Polish economy.'

Marjut Falkstedt, President of EIF

'In November 2025, during the inauguration of Innovate Poland, we presented our vision of stimulating economic growth through investments in innovation via a fund of funds. However, achieving great goals requires not only vision, but also cooperation and partnership. That is why I would like to express my sincere gratitude to the three anchor investors of this programme: PFR, BGK, and PZU. I am delighted that we can welcome another partner to this group today – the European Investment Fund (EIF). This is an important contribution to the initiative, which increases its potential and brings us closer to our goal: faster development of innovation in the Polish economy.'

Piotr Matczuk, President of the Management Board of PFR

The Future Tech Poland fund is a key pillar of Innovate Poland, a programme inaugurated on November 14 last year by Minister Andrzej Domański. The budget for the first phase of the programme is as much as PLN 4 billion, which will be committed by public institutions such as PFR, BGK, and EIF, as well as a private entity, PZU.

The importance of the Future Tech Poland fund

The initiative makes a significant contribution to the transformation of the Polish economy by providing capital for VC funds, which in turn translates into real support for technology startups. Thanks to FTP, BGK and EIF create a multiplier effect: public capital attracts private investors, increases the scale of local funds, and strengthens Poland as a country where innovations are not only created but also effectively developed.

Thanks to its unique financing structure – institutional capital (BGK) on the one hand and European know-how (EIF) on the other – Future Tech Poland can significantly increase the dynamics of investment in technology companies. This, in turn, is part of Poland's broader strategic plan: the development of advanced technologies, increased competitiveness, and the creation of a strong ecosystem of technology SMEs, which will be an important driver of economic growth in the coming years.

More information about the Innovate Poland programme and the Future Tech Poland fund.

Bank Gospodarstwa Krajowego (BGK) is a Polish development bank that actively supports the sustainable socio-economic development of Poland. It implements strategic infrastructure projects, supports innovation, and promotes the development of Polish enterprises at home and abroad. The bank cooperates with the EIF on capital investments, including through the Polish Growth Fund of Funds (PGFF) and the Three Seas Initiative Innovation Fund, which continues the mission of the PGFF.

The European Investment Fund (EIF) is an institution of the European Union and part of the European Investment Bank Group. The EIF supports micro, small, and medium-sized enterprises and infrastructure projects by increasing access to capital. The EIF acts primarily as an indirect investor, offering financial instruments that reduce investment risk for a wide range of cooperating financial institutions. The EIF is involved in venture capital and private equity funds and also offers guarantee and securitization instruments. The fund plays an important role in the development of innovation and competitiveness in Europe, supporting climate action, sustainable investment, and the development of social capital.

In Poland, the EIF has invested €7.5 billion to date, helping to mobilize around €24.4 billion for nearly 116,000 SMEs.