Poland backing innovators

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 a final close of $70 million. ...