NCBR Investment Fund

NCBR Investment Fund ASI S.A. operates as a strategic co-investment venture capital entity under the National Center for Research and Development, which functions as an executive agency within Poland's Ministry of Funds and Regional Policy. With a substantial investment budget of 700 million PLN (approximately €155 million), the Fund has positioned itself as a significant player in Poland's innovation ecosystem. Individual investments typically range from 3 million PLN to as much as 15 million EUR, demonstrating the Fund's capacity to support ventures across various stages of development and capital requirements.

The Fund's primary investment focus centers on small and medium enterprises that have progressed beyond initial startup phases and entered growth or expansion stages. What distinguishes NCBR's investment approach is its dedicated emphasis on businesses actively commercializing research and development innovations (R&D+I), particularly those with proven technological solutions ready for market scaling. This strategic focus aligns with Poland's broader economic objectives of transitioning toward a knowledge-based economy and enhancing the country's competitive position in high-value sectors.

As a government-backed investment vehicle, NCBR Investment Fund plays a crucial role in bridging the financing gap that often challenges innovative Polish companies seeking to scale their operations. The Fund typically takes minority stakes in portfolio companies, working alongside private investors to provide not just capital but also strategic guidance, industry connections, and regulatory navigation assistance. This public-private partnership model has proven effective in accelerating commercialization pathways for scientific discoveries and technological breakthroughs developed within Polish research institutions.

Beyond financial returns, the Fund measures success through broader economic impact metrics including job creation, intellectual property development, and the establishment of innovation clusters throughout Poland. Target sectors include but are not limited to biotechnology, clean energy, advanced materials, digital technologies, and other fields where Poland demonstrates competitive research advantages. For entrepreneurs and companies seeking partnership with NCBR Investment Fund, the organization maintains transparent governance and data protection practices, with comprehensive privacy policies regarding personal data handling available through their official documentation channels.