Polish National Centre for Research and Development launched the third edition of their BRIdge Alfa program. Within this program, private investors can obtain funding that will later be invested in small enterprises, especially in research and development projects. The budget of this edition of BRIdge Alfa reached an astounding sum of 1 billion PLN.
The program aims to support innovative R&D projects at early stages of their development, especially during the preseed phase. It’s not a surprise that private investors are often reluctant to finance projects at this stage. The funding offered by NCBR (so-called proof of concept funding) decreases risks, allowing researchers to work on their projects with a constant financial support for a period of up to 5 years. Neither NCBR nor participating investors claim rights to the companies or patents obtained by the project team.