12:00 AM
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Mar 30, 2015
 |  BioCentury  |  Finance

Poland backing innovators

How Poland hopes to kick-start innovation by backing new VC

The Polish government is backing the country's first life sciences VC to help build innovative life science companies in a country known for its services-oriented healthcare sector. While the capital and infrastructure are available, one of the main challenges for Joint Polish Investment Fund Management will be to attract high-caliber management teams to run the companies.

On March 23, Joint Polish Investment Fund Management (JPIF) announced the first close of Joint Polish Investment Fund I at $42 million. LPs include the Polish government's National Centre for Research and Development and undisclosed institutional investors. According to JPIF's Kreske Nickelsen, the fund is aiming for...

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