Poland is now symbol of innovation and PFR Ventures – operates fund of funds, offering financing for innovative SMEs.
They are looking for GP teams that will be able to rightly manage technology investments and raise funds to match their stake into the venture. Following successful DD process the teams are approved and must bring to the table the complementary money from private LPs. One success story is BIOMEDIN that started the operations 2019.
Poland is growing faster then other EU countries and there is good base to build a winning life science cluster. ±€5 bil in pharma/y, ±€1bil in medical devices/y, 8000 local life science companies, about 1000 Hospitals and 20k clinics or 6H beds /000 (2x than the USA and 1.5x then CH) is a good start. Bioengineering MSc degrees are issued in english in more than one University and this adds more skills and specialized staff in the market; however all this needs a boost as there is yet not enough concentration of interconnected businesses, free contractors, associated institutions and startup wins to evidence a clear self regeneration. Some of Poland new round of grants (±€5 bil /year in development) could help if intentionally directed to this sector and partially adapted to the special requirements life science early stage projects need to achieve commercialization.
Eliza Kruczkowska, Shimi Azaria, and David G. Vita; moderator: Roi Ben Daniel.
Poland’s Emerging Biotech Sector: The Time Is Right for Startups
Poland has Billions of € to be granted for innovation; such money must be spent in Poland and you need to open a “nexus” (Polish R&D subsidiary). This is good for Poland, and will increase foreign direct investments (FDI), and for the Israeli companies that can find matching R&D skills there. We are now launching the first “nexus” to develop a small non-invasive ear-VNS treatment of cognitive impairment degeneration / Alzheimer’s Disease @ Home: Cogniguard.
Animal studies are conducted in Lodz. .. http://pulsinnowacji.pb.pl/4638514,20557,ojciec-start-upow-inwestuje-w-polsce
opened new Poland Ventures offices in: Natolin 15, 92-703 Łódź, Poland
Makwa is in tight business contacts with Polish and Israeli technology managers to raise funds from BSD GROWTH a self managed fund based in Gibraltar. Our role will be as a GP running for PFR Venture & NCBiR tenders in Poland while (if winners) use the BSD GROWTH Fund as a support investment vehicle (LP) to choose, manage and escort the targeted companies from as early as a post proof of concept (POC) stage well through the commercialisation stage and possibly to exit.
Yigal Erlich, Adam Broncel and David Vita @ Bioforum in Lodz 2016
David quoted to say: “For every dollar’s worth of intellectual property a foreign company brings to the country (the value of which is determined by authorities), the government provides $3 in grants. And they are really interested in Israeli technologies,” http://www.timesofisrael.com/israel-poland-ready-to-do-business-despite-past-expert/