Polish start-ups more mature, professional and profitable: report

The report was presented on Tuesday during the first day of the Economic Forum in Krynica, southern Poland.

According to the report, an average Polish start-upper is over 30 with a university degree and some experience in a big private company or a family business.

Meanwhile, 15 percent of Polish start-uppers have launched their businesses right after graduation. Most Polish start-ups are being launched in big cities, especially in Warsaw, Wrocław, Kraków, Poznań and the Gdańsk, Gdynia and Sopot area in the country's north.

The report by Start-Up Poland said that the most popular sectors for Polish start-uppers are big data, business intelligence and the “Internet of Things”.

The Puls Biznesu daily said that, according to the report, contrary to popular belief, most start-ups in Poland are not funded through European Union funds but from private or venture capital.

An increasing number of Polish start-ups rely on foreign capital, with 44 percent of them trying to get financing from abroad. And 48 percent of Polish start-uppers are already exporting their goods and services overseas.

The report also revealed that only 29 percent of all Polish start-ups were co-created by women.

(tf/pk)

Source: Puls Biznesu