You have an idea for a new product or service, which in a different and original manner will address the needs of consumers? You don't have adequate funding and you are aware that the execution of your idea relates, on the one hand, to the potentially large profits but on the other hand, it is also exposed to high risk of failure. If yes, your company meets the criteria to be considered a startup. What is a startup? Although the name has been operating for many years, there is no clear definition. Normally it means a young innovative company, which has the original idea for its market success, but operates under conditions of high uncertainty. The startups are usually associated with companies operating in the high-tech area.
If you think of the startup you should know that on the market there are institutions that are looking for businesses with high potential and are willing to bear the risk of the investment. These include, among others, the seed capital funds and so-called business angels. EU funds also give a number of funding opportunities for innovative business ideas.
Seed capital funds
If your company has a large innovation potential and you don't have money to start, seed capital funds - venture capital (VC) may be an interesting solution.
This solution makes it possible to gain not only resources for development but also professional guidance and access to markets and business contacts.
Remember that venture capital investor will support you in exchange for the possibility of intervention in your business. This often involves handing control of your company to an investor (in return for the support he receives a majority of the shares or guarantees the right to influence the strategic decisions). VC is a solution, which will allow you to focus on developing your ideas, but you need to be sure that the investor wants the same as you. It is important that already at the start you will develop a strategy of exit of the strategic investor — specify when and under which conditions you can regain control over the company.
Do you want to know more about the seed capital funds. We can help you, read the additional information.
A similar form of co-financing as venture capital is cooperation with business angels, i.e. those who have capital and would like to earmark it for financing external companies and ideas. In exchange for financial support they receive a minority stake in the company. Business angels are often grouped in Business Support Institutions.
Are you looking for a business angel. We can help you, read the additional information.
You have original ideas? Some of them, with appropriate support, could be achieved and turned into a lucrative business. Here the European funds can help.
EU support for start-ups
Starter and BizNest
Young start-ups can take advantage of the new instruments in the Smart Growth Operational Programme: Starter and BizNest. They are intended for operators who do not conduct activity on any market or they have been operating on market for less than 7 years following their first commercial sale. Within the framework of these programmes you can receive a direct assistance from seed funds, venture capital funds and business angels networks selected by the Polish Agency for Enterprise Development. If you have an innovative idea for a business, you can apply to any of them. They will select the most interesting ideas that will undergo the so-called pre-incubation . It involves research and studies, which will allow to determine whether your solution has the potential and can bring profit. If carried out analyses are promising, the investor will help you establish and develop a business. You will be able to set up a company and receive capital for starting business. Importantly, for those programmes, public resources are invested together with private funding, thus reducing the risk of a private investor and it will encourage him/her even more to support your business. For more information go to website of the Polish Agency for Enterprise Development.
Platform for new ideas
You can get support for the creation and development of your startup under the Operational Programme Development of Eastern Poland. Help is available from centres of innovation (technology parks, incubators) from Eastern Poland, implementing a project "Platform for launching new ideas". You will be able to use their offer if you are less than 35 years old, you have an innovative business ideas and you want to set up a business in eastern Poland in the regions: lubelskie, podkarpackie, podlaskie, świętokrzyskie, warmińsko — mazurskie. Participation in a project provides access to infrastructure (e.g. work station), mentoring, coaching and other services needed to develop new business idea. When your company is prepared to enter the market, you can receive funding for the development of your activity. You will find details on the website of Eastern Poland Programme and the Polish Agency for Enterprise Development.Share Print