The following instruments are implemented as part of the measure:
- Starter (equity investment in companies at the early stage of development, including those not yet generating revenue),
- Biznest (equity investment in companies at the early stage of development, with the participation of business angels),
- Open Innovation (equity investment in companies that are implementing or intend to implement projects in an open innovation formula),
- KOFFI (equity investment in companies at the stage of development and expansion),
- CVC (equity investments in companies implemented with the contribution of corporate investors’ capital).
Support for the target group (final recipients) will be delivered using financial intermediaries. Financial intermediaries or professional teams managing financial intermediaries will be selected in an adequate, transparent, competitive and professional manner. Financial intermediaries will be required to commit private capital 112 (at least 20%), including own funds of members of the management team, which, together with public capital, will be used to invest in final recipients primarily in the form of “classic” investment, but also co-investment (unlike “classic” investments, co-investment allows for the commitment of additional private investor capital on a deal by deal basis). The transfer of funds to financial intermediaries for investment in final recipients will take the form of repayable financing, through the subscription and payment of shares, stocks, investment certificates or other participation rights issued by financial intermediaries.
For whom
micro, small and medium-sized enterprises, particularly at an early stage of development, which are implementing or intending to implement or develop innovative solutions (product, service, process, organisational and marketing) and which, due to the high risk associated with their early stage of development, need venture capital funding with a smart money element to support them in their commercial success.
Method of implementation
Support for the target group (final recipients) will be delivered using financial intermediaries. Financial intermediaries or professional teams managing financial intermediaries will be selected in an adequate, transparent, competitive and professional manner. Financial intermediaries will be required to commit private capital (at least 20%), including own funds of members of the management team, which, together with public capital, will be used to invest in final recipients primarily in the form of “classic” investment, but also co-investment (unlike “classic” investments, co-investment allows for the commitment of additional private investor capital on a deal by deal basis). The transfer of funds to financial intermediaries for investment in final recipients will take the form of repayable financing, through the subscription and payment of shares, stocks, investment certificates or other participation rights issued by financial intermediaries.
Budget
EUR 512,500,000 million
Institution
Bank Gospodarstwa Krajowego