Key Takeaways
- • BGK and EIF jointly invest €30 million in Inovo.vc's new technology-focused venture capital fund, representing the first tranche of capital deployment under the Future Tech Poland programme.
- • Future Tech Poland is a €350 million fund-of-funds vehicle established by Poland's Bank Gospodarstwa Krajowego (BGK) and the European Investment Fund (EIF), with BGK committing €235 million and EIF committing at least €115 million as co-investor and asset manager.
- • The Inovo.vc investment marks part of an initial €85 million allocation across three Polish venture capital funds specialising in advanced technologies, including Expeditions II, Cogito II, and Balnord Fund I.
- • The programme targets venture capital funds investing in breakthrough technologies critical to Poland and Central-Eastern Europe's competitiveness, including defence, cyber-security, and space solutions.
- • FTP deployment strategy focuses on reaching new VC managers, increasing fund sizes, and supporting local capabilities to strengthen Poland's innovation ecosystem and long-term economic resilience.
Summary
The European Investment Fund (EIF) and Poland's national promotional bank Bank Gospodarstwa Krajowego (BGK) have committed €30 million to Inovo.vc's new venture capital fund as part of the broader Future Tech Poland (FTP) initiative launched in 2026. This investment represents approximately PLN 129 million and reinforces both institutions' strategic focus on fortifying Poland's venture capital market and innovation infrastructure.
The €30 million Inovo.vc allocation is one component of a larger €85 million initial deployment under FTP, with parallel investments made in two other Polish venture capital funds: Expeditions II and Cogito II, as well as Balnord Fund I. These three funds specialise in financing cutting-edge technologies across critical sectors including defence, cyber-security, and space solutions—areas regarded as strategically important for regional economic strength and security.
Future Tech Poland operates as a €350 million fund-of-funds structure designed to catalyse venture capital activity across Poland and the Central-Eastern European region. BGK's total commitment to FTP amounts to approximately PLN 1 billion (€235 million), while EIF has committed at least PLN 0.5 billion (€115 million) and serves as co-investor and asset manager. The programme's investment strategy prioritises reaching new venture capital fund managers, increasing fund sizes to enhance competitiveness, and supporting experienced managers to develop local capabilities and market depth.
According to EIF Chief Executive Marjut Falkstedt, the initiative is explicitly designed to address regional competitiveness challenges: "By helping Polish VC funds reach a more competitive scale, FTP will enable them to provide stronger support to innovative technologies that are critical for Poland's long‑term competitiveness and economic resilience." The rapid deployment of these first investments signals institutional confidence in Poland's venture capital ecosystem and underscores the strategic importance of technology innovation to the country's broader economic and security objectives.
The €30 million Inovo.vc allocation is one component of a larger €85 million initial deployment under FTP, with parallel investments made in two other Polish venture capital funds: Expeditions II and Cogito II, as well as Balnord Fund I. These three funds specialise in financing cutting-edge technologies across critical sectors including defence, cyber-security, and space solutions—areas regarded as strategically important for regional economic strength and security.
Future Tech Poland operates as a €350 million fund-of-funds structure designed to catalyse venture capital activity across Poland and the Central-Eastern European region. BGK's total commitment to FTP amounts to approximately PLN 1 billion (€235 million), while EIF has committed at least PLN 0.5 billion (€115 million) and serves as co-investor and asset manager. The programme's investment strategy prioritises reaching new venture capital fund managers, increasing fund sizes to enhance competitiveness, and supporting experienced managers to develop local capabilities and market depth.
According to EIF Chief Executive Marjut Falkstedt, the initiative is explicitly designed to address regional competitiveness challenges: "By helping Polish VC funds reach a more competitive scale, FTP will enable them to provide stronger support to innovative technologies that are critical for Poland's long‑term competitiveness and economic resilience." The rapid deployment of these first investments signals institutional confidence in Poland's venture capital ecosystem and underscores the strategic importance of technology innovation to the country's broader economic and security objectives.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.