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PFR Starter

PFR Starter

Funds Polish venture fund managers to invest in pre-revenue startups through seed-stage fund structures.

Between cyclesPFR VenturesPoland
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About

PFR Starter is a seed-stage equity fund-of-funds program operated by PFR Ventures, the venture capital arm of Poland's state-owned Polish Development Fund (PFR). The program targets VC fund management teams β€” both existing and newly formed β€” seeking to build funds that invest in pre-revenue, early-stage Polish companies. PFR Ventures is the largest fund-of-funds investor in Central and Eastern Eur…

What this grant funds

Funds seed-stage VC fund managers in Poland to invest in pre-revenue early-stage companies, with PFR providing PLN 20–65 million per fund alongside a minimum 20% private investor contribution.

Key facts
CycleiHow often this grant runs β€” e.g. annually, on a rolling basis, or a one-off call.Multiple per year
Next deadlineiThe next date applications are due. Rolling means you can apply any time.β€”
Decision timeiTypical time from the deadline to the funder's decision.β€”
Project durationiHow long the funded work is expected to run.β€”
Award typeiThe form of funding β€” grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.20%
Funding pooliThe total budget available across all awards in this round.zΕ‚ 807M
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Eligibility criteria

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Application process

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Last verified: 22 Jul 2026Source: pfrventures.pl