Poland’s Bank Gospodarstwa Krajowego (BGK) has launched the Vinci Space Tech Fund, a €114 million (PLN 500 million) fund dedicated to supporting Polish space technology companies.
- Founded in 2015, Vinci is an investment company owned by Bank Gospodarstwa Krajowego that manages funds supporting innovative and technology-driven Polish companies. Its investment focus spans sectors including aerospace, energy, biotechnology, ICT, and Industry 4.0.
- The Vinci Space Tech Fund is the first fund in Poland dedicated exclusively to companies developing space technologies and one of the few funds of its kind in Europe.
- It will invest in growth-stage companies that have already validated their business models and are ready to scale, with individual investments ranging from PLN 10 million to PLN 100 million.
- The fund will focus on six areas, including satellites, optics and Earth observation, satellite communications, electronics and photonics, rockets and propulsion, as well as data and artificial intelligence. Its portfolio is expected to comprise 15-20 companies. While it will primarily target Polish businesses, it may also invest in European companies with their main interests in Poland.
- ICEYE, a global provider of satellite reconnaissance systems, is the fund’s strategic partner, bringing expertise in scaling a space technology company internationally.
- Other strategic partners include Krakowski Park Technologiczny, the Ministry of Development and Technology, and the Polish Space Agency.
