The venture ecosystem in Poland really kicked off about 6-7 years ago and is gathering momentum. Seed financing from angels and around 100 local micro VC funds is abundant. Grant and support possibilities for building out of R&D, as well as export and promotion via accelerators is booming. The establishment of software R&D centres by some of the largest global tech players in Poland some years ago (due to the skills of Polish software engineers who are ranked 3rd by HackerRank globally) has created a new cast of talented and high quality software developers with now global experience of building the software being used today by the global consumer. These engineers are now ready to venture out on their own and establish new companies. Some have already raised significant VC money for their projects, such as NoMagic.
The recent establishment of a local fund of funds, PFR Ventures, who have now invested in over 30 VCs, has also accelerated progress and availability of capital for early stage.