GPW Ventures, a corporate venturing subsidiary of the Warsaw Stock Exchange, signed an investment agreement with Poland’s National Centre for Agricultural Support (KOWR) yesterday.
The two have agreed to work together to invest in developers of technology that can support innovation in rural areas, renewable energy and the food and agricultural industries.
GPW Ventures will set up and run an investment fund dedicated to KOWR, which will be the sole investor. The KOWR Ventures Fund will manage zł25m ($6.6m) initially.
Marek Dietl, CEO of GPW (pictured), said: “We have established GPW Ventures to improve access of micro-firms, small and mid-sized companies (SMEs) to funding through VC funds. We expect that GPW Ventures will attract SME issuers to the exchange’s [GPW Main Market or NewConnect].
“The partnership with KOWR will help those companies which offer solutions for agriculture to go public. The Polish food and agricultural industry has recently become a major global player.”
