News
Feb 19, 2026
News
Government
Europe
EIF and BGK Launch €350 Million Fund to Propel Polish Tech Innovation
NewDecoded
3 min read
Image by European Investment Fund
The European Investment Fund (EIF) and Poland’s national development bank, Bank Gospodarstwa Krajowego (BGK), have officially launched Future Tech Poland, a new €350 million fund of funds. This initiative represents the largest financial mandate the EIF has ever signed in the country and aims to provide critical capital to high-growth tech companies. By backing venture capital funds that invest in innovative startups and scale-ups, the program seeks to bolster the competitiveness of the European Union’s fifth-largest economy. Managed by the EIF, the fund combines €235 million from BGK with at least €115 million in co-investment from the EIF. First investment decisions are scheduled to begin in the first quarter of 2026, with a target for full deployment by the end of 2027. This capital injection is designed to strengthen local venture capital ecosystems and encourage private investors to participate in the high-tech sector.
"Future Tech Poland will provide public capital for high-tech start-ups and innovative scale-ups, as well as encouraging more private investment in this existential area." - Marjut Falkstedt, EIF Chief Executive.
Future Tech Poland serves as the primary operational pillar of the Innovate Poland national investment program. This strategic framework, led by Minister of Finance and Economy Andrzej Domański, brings together key players like the Polish Development Fund (PFR) and the country's top insurer PZU. It is specifically designed to mobilize new capital for strategic investments in companies that can compete on international markets and ensure long-term economic security. The fund will focus on sectors with high growth potential, including deep tech and clean energy. By providing a seal of quality through EIF management, the initiative aims to de-risk the venture capital asset class for more conservative institutional investors. This structure is intended to prevent high-potential Polish companies from having to relocate abroad to find the necessary capital for international expansion.
This launch addresses a long-standing structural weakness in the Polish market known as the scale-up gap. While early-stage funding has been relatively accessible through previous government programs, mature companies often had to seek foreign capital to grow, frequently leading them to relocate operations outside of the country. By modeling this initiative after successful European strategies like France’s Tibi model, Poland is attempting to transition from a labor-intensive economy to one driven by intellectual property. The involvement of major domestic players like PZU suggests a calculated shift toward unlocking massive, conservative institutional capital pools for high-risk tech sectors.
