The PFR Biznest FIZ was created to support innovative small and medium enterprises (SMEs) at an early stage of development.
The PFR Biznest FIZ is the fund of funds, whose beneficiaries are innovative companies at an early stage of development. They may either be an enterprise that:
does not conduct activities on any market (Group A), or
has been conducting activities on any market for less than 7 years since the first commercial sale (Group B).
The fund strategy is to make investments through financial intermediaries (co-investment funds) cooperating with Business Angels that – by sharing their experience and competences and smart money – increase the financed companies’ chances of commercial success.
Innovative small and medium enterprises,
Contributing capital to innovative SMEs together with Business Angels,
Establishment and development of an ecosystem: of Business Angels and management teams co-investing with Business Angels,
creation and development of the best standards on the market of Business Angels, including standards of syndication processes.
The fund finances companies through capital investments of the Financial Intermediary (co-investing fund) in co-investment with Business Angels in the following proportion:
50% is invested by the financial intermediary (co-investing fund),
the remaining 50% of the contribution is made by Business Angels.
The financing may be granted to companies which have registered offices and run business activities in Poland. Companies-beneficiaries may have the form of a joint-stock company or a limited joint-stock partnership.
The contribution of the PFR Biznest FIZ may range from 5 to 49% of the value of the company’s share.
A single company may obtain PLN 4 million in the following proportion:
50% from the contribution of the Financial Intermediary (co-investment fund), and
50% from the contribution of Business Angels.
Together with the Business Angels, PFR Biznest creates a Financial Intermediary, i.e. the co-investment fund for the given call. Such a fund may be created as one of the following two models: co-investment or non-co-investment.
The PFR Biznest transfers resources up to 50% of the fund capitalisation. The remaining 50% is transferred by the Business Angels.
In its 50% contribution, the PFR Biznest FIZ transfers up to 96% of the capitalisation – the remaining 4% is transferred by the managing entity.
Members of the Team of the Entity managing the fund also invest as Business Angels.
Members of the Team of the Entity managing the fund are not Business Angels.
More information about the PFR Biznest FIZ is available in downloadable documents: