ScaleUp is an accelerator program within the government initiative ‘Start In Poland’, announced by Vice-Premier Mateusz Morawiecki during last year’s Impact ’16 in Krakow. The program aims to connect young and creative entrepreneurs with individuals from large corporations already functioning in the marketplace.
Young entrepreneurs will receive up to 200,000 PLN from the Polish Agency For Enterprise Development and take part in an accelerator program, a special 3-month long training, which will help them develop their products to enter the marketplace. The training will be led by experienced specialists from leading companies and large firms. After completion of the program, there will be a “demo day” with a presentation of their product, business strategy and the results of their accelerator experience. Entrepreneurs will perform before potential clients and investors, who will decide if it is worth investing money and entering into a partnership with the start ups.
The project is financed with government and European Union funds. A national budget of 58 mln PLN will finance 10 such accelerators in Poland, including 6 mln PLN for the one in Krakow Technology Park, reports Radio Krakow. The first round of ScaleUp at Krakow Technology Park is anticipated to begin in May with 10-12 start ups selected. The official recruitment process is beginning shortly. There are already over 100 interested participants-