BRIdge VC: €450m for Polish tech SMEs

The National Centre for Research and Development in Poland launched the BRIdge VC program that will support tech companies from SME sector. The aim of BRIdge VC is to support R&D activities and commercialize their results. The fund’s capital was set at €450 million, while half of the budget will be provided by NCDR, and the remaining 50% by private investors. Firstly, NCDR will spend €25m on BRIdge VC. Over the next year approx. 10 teams will be selected: they will manage the venture capital funds, investing in small and medium companies operating in the field of new technologies. This financial support will give Polish startups an opportunity to further develop.