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Fund-of-funds structure: BGK (Poland's national promotional bank) commits EUR 235m, EIF co-invests at least EUR 115m and manages the combined vehicle. Capital is deployed indirectly — Future Tech Poland invests into Polish VC funds, which in turn invest into tech companies across development stages (early-stage through scale-up). This is EIF's largest single financial mandate in Poland to date and is positioned as the operational launch of the broader "Innovate Poland" programme first announced jointly by BGK, PFR, PZU and EIF in November 2025.
Governance sits under Poland's Minister of Finance and Economy Andrzej Domański; PFR (Polish Development Fund) and PZU (Poland's largest insurer) are named as further co-investors in the wider Innovate Poland umbrella, though this specific EUR 350m tranche is the BGK/EIF fund of funds.
Severity is set low (2) — this is untargeted, generic tech-VC capital supply rather than a sector- or material-specific industrial-policy intervention (contrast with Poland's semiconductor policy or CRMA implementation actions already in the register), sized in the low hundreds of millions rather than billions.
watch for named fund managers and sector tilt once disclosed.
Polish deep-tech/scale-up financing.
in the EU (cf. Germany BMWE/EIF EUR 1.6bn equity mandate, already filed) — worth tracking as a recurring instrument class in the western-industrial-policy-stack theme.
Poland capital, and do any concentrate in critical-materials, semiconductor, or defence-adjacent deep tech (would raise severity on a follow-up/amendment)?
Poland programme beyond this EIF/BGK tranche.