Polish state-owned oil and gas supplier Polskie Górnictwo Naftowe i Gazownictwo (PGNIG) has set up a zł100m ($25.9m) corporate venturing vehicle called PGNIG Ventures to fund clean energy technology developers.
PGNIG Ventures expects to invest the capital in growth-stage companies through 2025, and will deploy up to $8m over the next two years, according to its CEO, Małgorzata Piasecka (pictured). Investment director Aneta Kazieczko will oversee fundraising and deal execution on its behalf.
The corporate already runs an incubator, InnVento, which was formed in 2016 and which focuses on new materials, services and technologies in the natural gas space. The group also partnered Startup Hub Foundation to launch The Poland Prize accelerator in July 2019.
Łukasz Kroplewski, vice-president of development at PGNIG, said: “Alongside InnVento, which offers know-how and networking opportunities, PGNIG Ventures will be building a smart-money platform.
“Thanks to experience sharing and access to PGNIG’s expert knowledge, startups will gain a springboard for growth.”
Photo of Małgorzata Piasecka courtesy of LinkedIn.
