The European Investment Fund and Bank Gospodarstwa Krajowego (BGK) have signed an agreement to launch Future Tech Poland, a €350 million fund of funds aimed at supporting venture capital funds investing in technology companies in Poland.
The initiative is part of the national Innovate Poland investment programme, overseen by Poland’s Minister of Finance and Economy, Andrzej Domański. In addition to BGK and the EIF, the vehicle brings together the Polish Development Fund (PFR) and insurer PZU as co-investors.
A structure managed by the EIF
Under the agreed structure, BGK will commit €235 million, while the EIF will co-invest at least €115 million and act as asset manager. The fund is designed to invest in venture capital vehicles operating at different stages of development, with the objective of strengthening the depth and capacity of Poland’s VC market.
According to BGK, Future Tech Poland is intended to address the financing needs of local venture capital funds and early-stage technology companies, against a backdrop of growing public and institutional involvement in innovation financing.
First investments expected in 2026
The first investment decisions under Future Tech Poland are expected in Q1 2026. Full deployment of the fund is planned by the end of 2027, with the aim of expanding the amount of capital available to startups, supporting local fund managers, and contributing to the development of Poland’s technology ecosystem.
Future Tech Poland complements existing innovation support instruments in Poland by favouring an indirect approach through venture capital funds rather than direct financing of companies.
