BGK and EIF invest €30 million in Inovo.vc fund

Bank Gospodarstwa Krajowego (BGK) and the European Investment Fund (EIF) have invested €30 million (approximately PLN 129 million) into a new venture capital fund managed by Inovo.vc. This transaction marks the fourth investment under the Future Tech Poland (FTP) initiative, a program designed to strengthen the Polish venture capital ecosystem and support high-growth technology companies.

To date, the Future Tech Poland program has allocated approximately PLN 580 million. The initiative serves as a pillar of the Innovate Poland project, aiming to increase the scale of the local VC market and help domestic companies compete on European and global stages. BGK officials stated that the goal is to systematically build Poland's competitiveness by ensuring institutional capital reaches the most innovative sectors.