PFR Ventures applies a flexible approach to the evolving Polish venture capital (VC) market, offering a range of support programs tailored to the needs of different stakeholder groups. Choosing the right program depends on the competencies of the fund management team and its ability to attract suitable projects and investors.
For market participants unfamiliar with the POIR (Operational Programme Smart Growth) framework, navigating PFR Ventures programs may initially feel overwhelming.
This article presents a comparison of the key features of PFR Ventures programs for 2024.
Source: https://pfrventures.pl/dla-funduszy
Overview of PFR Ventures Programs
| Program | Target Stage | Private Investor Contribution | Profit-Sharing Ratio | Co-Investment Model | Focus Area |
| Starter | Early-stage (pre-revenue) | 20% | Up to 2.5x | No | Startups, high-risk, low ticket size |
| Biznest | Early-stage with smart-money | 40% | Up to 1.5x | Yes | Angel investors, startup support |
| Open Innovation | R&D project development | 40% | Up to 1.5x | Yes | Research-driven ventures |
| Koffi | Scaling and expansion phase | 40% | Up to 1.5x | No | Mature products, growth-stage startups |
| CVC | Corporate VC partnerships | 40% | Up to 1.5x | Yes | Tech investments, corporate synergy |
Key Insights
- The more advanced the target companies, the higher the expected investment ticket and fund capitalization.
- Starter and Biznest focus on supporting startups, where individual investments are moderate and project failure risk is relatively high.
- Open Innovation and Koffi seek projects with a strong growth trajectory, requiring larger investment amounts.
- CVC emphasizes technology-driven investments and potential synergies with corporate partners.
All programs have an investment period of 4–5 years, followed by a divestment phase of equal duration.
Considering an Application?
We offer comprehensive legal support for your company throughout the application process for various investment programs offered by the Polish Development Fund (PFR – Polski Fundusz Rozwoju). As an experienced law firm specializing in business and investment law, we are ready to provide professional assistance at every stage.
Our services include:
- Program Analysis: We conduct a detailed review of available PFR investment programs to identify those best suited to your company’s needs and goals.
- Advisory on Program Selection: Based on our analysis, we help you choose the right investment program, taking into account your business profile and financing preferences.
- Application Preparation: Our legal team prepares a complete application, ensuring all required documents meet PFR guidelines and the highest quality standards.
- Negotiation and Recommendations: We represent you in negotiations with PFR, securing optimal financial terms and other favorable arrangements. We also provide best-practice recommendations based on our experience.
- Legal Support During Program Execution: Once funding is granted, we offer ongoing legal support for all aspects related to program implementation.
As your trusted legal and business advisors, we deliver comprehensive and effective service to help you fully leverage the opportunities offered by PFR investment programs.
Contact us today to begin your application process and secure the funding and support your company needs to grow.
